Kuber Investment Governance Process

Disclaimer: Please note that this information is provided as a guideline only and is subject to change without prior notice.

Process

Manager Screening

In the first instance, Kuber uses its knowledge of the EIS/SEIS & BR market together with
Independent research sources such as MICAP, MJ Hudson Allenbridge and Hardman & Co to identify
the universe of suitable TEIP funds. Kuber aims to apply its parameters to the whole TEIP market.

Initial Manager Selection

Kuber will at this stage review each manager who has passed the screening process. This will involve a meeting or detailed call with each manager, primarily to gauge their appetite for making their
TEIP portfolios available through the Kuber platform.

Due Diligence Review

A due diligence questionnaire will be issued by Kuber to all those managers who have confirmed their interest in joining the Kuber platform.

Investment Committee Review

The Kuber Investment Committee is made up of both persons from Kuber and persons
independent of Kuber. The Investment Committee is responsible for assessing and voting for which
funds are deemed suitable for the Platform.

On-boarding

At this stage Managers complete the necessary documentation to join the Kuber platform, and
supply full information on their TEIP portfolio to be included in the Kuber literature and website.

Monitoring

Once the TEIP manager is on the Kuber Platform, this is not the end of the due diligence
process. The Committee will conduct yearly validation checks on all managers to determine
whether there have been any adverse changes since completion of the original questionnaire.