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Use of this website is subject to the following terms and legal notices (“Conditions”). You may not use this website for any purpose that is

unlawful or prohibited by these Conditions.

This website has been prepared by S. W. Mitchell Capital LLP (“S.W. Mitchell”). S.W. Mitchell, a limited liability partnership incorporated in

England and Wales with company number OC312953 and having its registered address at Suite 3A, Princes House, 38 Jermyn Street, London

SW1Y 6DN, is authorised and regulated by the Financial Conduct Authority in the United Kingdom.

This website is provided for informational purposes only and has only been prepared for persons reasonably believed by S.W. Mitchell to

qualify as Professional Client or Eligible Counterparties of the Financial Conduct Authority (“FCA”), including appropriate

institutional investors and intermediaries.  It is not intended for the use of and should not be relied on by any person who would qualify as a

Retail Client. The information contained in this website is subject to updating, completing, modification and amendment.

This website is a confidential communication is solely for the internal use and benefit of such persons to whom S.W. Mitchell has provided a

username and password. It is not addressed to any other person and may not be used by them for any purpose whatsoever. Persons granted

access to the website by S.W. Mitchell may not share their log in details. The content of this website expresses no views as to the suitability of

the investments described herein to the individual circumstances of any recipient.

The content of this website is not a financial promotion or an offer to, or solicitation of, any potential

clients or investors for the provision by S.W. Mitchell of investment management, advisory or any other comparable or related services,

not may it be used to make such a financial promotion, offer or solicitation. No statement in this website is or should be construed as investment,

legal or tax advice, nor is any statement a financial promotion or an offer to sell, or solicitation of an offer to buy,

any security or other instrument, or an offer to arrange any transaction, or to enter into legal relations.

The information contained in this website should not be regarded as a substitute for the exercise of your own judgment.

You should consult your tax, legal, accounting or other advisors about the information presented herein.

Any future offer to sell investments would be subject to information circulated at the time in a formal

prospectus or equivalent document (the “Offering Circular”) and not on the basis of any or all information contained in this website.

Investments may only be made on the basis of the Offering Circular.
It is the responsibility of every person reading the content of this website

to satisfy himself as to the full observance of the laws of any relevant country, including obtaining any government

or other consent which may be required or observing any other formality which needs to be observed in that country.

Certain information on this website may reference past performance. Past performance is not a reliable indicator or a guarantee of future

results and will not necessarily be repeated. The value of investments and the income from them may fall as well as rise and future

performance is not guaranteed. The investor may not get back the original amount invested. Changes in rates of exchange may cause the

value of investments to fluctuate.

Certain information on this website may include forward-looking statements that reflect S.W. Mitchell’s current views with respect to future

events and expected financial performance. The words “believe,” “anticipate,” “plan,” “estimate,” “expect,” “intend,” “will likely result,” or “will continue” and other similar

expressions identify forward-looking statements. Persons reading the content of this website are cautioned not to

place undue reliance on these forward-looking statements and be aware that S.W. Mitchell and its affiliates undertake no obligation to update

or revise any forward-looking statements, whether as a result of new information, future events, changes in S.W. Mitchell’s expectations, or

otherwise.

Any forward-looking statements are subject to uncertainties and other factors that could cause actual results to differ materially from such

statements. These uncertainties and other factors include, but are not limited to: (i) potential changes in the legal environment, or government

or regulatory policies; (ii) the occurrence of catastrophic events with a frequency or severity exceeding S.W. Mitchell or its affiliates’ estimates;

(iii) loss of the services of key individuals; (iv) changing interest rates and other economic conditions; and (v) other factors that may affect the

markets and the economy generally.

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Eligible Counterparty under the FCA rules.

*All data sources: Waverton, FactSet as at 30 June 2024 unless otherwise stated. All performance shown is cumulative and net of fees for a typical S.W. Mitchell Capital Pan European equity mandate. The performance results presented are hypothetical, for informational purposes only, and are not intended to, nor do they, represent the actual performance of any one specific client or group of clients over the time period shown.  There can be no assurances that the performance can or will be achieved. No guarantee of future performance can or will be made. Actual returns will vary depending on a variety of factors and conditions. Performance shown is for four chain linked typical Pan European Mandates that had a similar investment objective ; the first from Feb 1999 until Aug 1999, the second between Sept 1999 and Dec 2011, the third from Jan 2012 to Jan 2019, and the fourth from Feb 2019 to current. Any further information required is available from the Investment Manager upon request.

Figures are subject to rounding. Changes in rate of exchange may cause the value of investments to fluctuate.