Cost of the investment - Manager rebates.

Where the Manager charges investors in its Scheme a fee directly, this fee will usually be reduced for investments made via Kuber. Where the Manager charges a fee directly to Investee companies it will not be possible for this fee to be reduced solely for those investing through Kuber. In these circumstances the Manager will arrange to rebate part of their fee received from the Investee Company to the Administrator’s client account for the benefit of the Investor. This amount can then be returned to you, used to purchase additional shares in subsequent investee companies or applied to fees.

Details of the charges levied by the different Managers are outlined in the Scheme descriptions on the following pages.

The table overleaf shows the effective cost of investing through Kuber. Where Manager rebates do not cover the ongoing fees in their entirety, the Manager will retain funds to cover fees.

Managers Rebates

SchemeInitial charges (% of subscriptions)Annual charges (% of Portfolio)
Kuber chargeNet investmentManager rebate
or fee reduction
Effective cost of KuberKuber charge
EIS
ACDC EIS1.5%98.50%0.99% Rebate0.51%0.2%
Atlantic Screen Media EIS1.5%98.50%0.99% Reduction0.51%0.2%
Blackfinch Ventures EIS Portfolios1.5%98.50%01.5%0.2%
British Design Fund 31.5%98.50%0.99% Rebate0.51%0.2%
Deepbridge Technology1.5%98.50%0.99% Rebate0.51%0.2%
Deepbridge Life Sciences EIS1.5%98.50%0.99% Rebate0.51%0.2%
EMVC Evergreen EIS Fund1.5%98.50%0.77% Rebate0.73%0.2%
Great Point Ventures EIS Fund1.5%98.50%0.99% Reduction0.51%0.2%
Guinness EIS1.5%98.50%0.99% Reduction0.51%0.2%
Guinness AIM EIS1.5%98.50%0.99% Reduction0.51%0.2%
Par Syndicate EIS 1.5%98.50%0.99% Reduction0.51%0.2%
SideBySide Later Stage EIS Fund1.5%98.50%0.99% Rebate0.51%0.2%
Start-Up Series Fund (EIS)1.5%98.50%0.99% Rebate0.51%0.2%
Symvan Technology EIS1.5%98.50%0.99% Rebate0.51%0.2%
Vala EIS Portfolio1.5%98.50%01.5%0.2%
Velocity Technology EIS Fund1.5%98.50%0.49% Rebate1.01%0.2%
SEIS
ACDC SEIS1.5%98.50%0.99% Rebate0.51%0.2%
British Design Fund 21.5%98.50%0.99% Rebate0.51%0.2%
British Robotics Sidecar Fund1.5%98.50%1.97 % Rebate- 0.47%0.2%
Deepbridge Innovation SEIS1.5%98.50%0.99% Rebate0.51%0.2%
Deepbridge Life Sciences SEIS1.5%98.50%0.99% Rebate0.51%0.2%
Origin Interactive Entertainment SEIS Fund1.5%98.50%0.99% Rebate0.51%0.2%
Symvan Technology SEIS1.5%98.50%0.99% Rebate0.51%0.2%
Start-Up Series Fund (SEIS)1.5%98.50%0.99% Rebate0.51%0.2%
Velocity SEIS Technology Fund 41.5%98.50%0.49% Rebate1.01%0.2%
BPR
Blackfinch Adapt IHT Portfolios1.5%98.50%0.99% Reduction0.51%0.2%
Deepbridge IHT Service1.5%98.50%1.48% Rebate0.0%0.2%
Great Point Estate Planning1.5%98.50%0.99%0.51%0.2%
Guinness Sustainable Inheritance Planning1.5%98.50%0.0%1.5%0.2%
Par Forestry LP1.5%98.50%0.0%1.5%0.2%

* All Guinness fees and the rebate are deferred until they can be paid from the proceeds of Investments.