Online Application Disclaimer

Important Information: Auscap Asset Management Limited (ABN 11 158 929 143, AFSL 428014) (Auscap) is the responsible entity of the Auscap High Conviction Australian Equities Fund ARSN 615 542 213 and the Auscap Ex-20 Australian Equities Fund ARSN 671 901 821 (together, the ‘Funds’). Before deciding whether to acquire, or to continue to hold, units in a Fund, a prospective or existing investor should fully review the information, the disclosures and the disclaimers contained in all relevant Fund documents, including in particular the relevant Fund’s Product Disclosure Statement (PDS) and any update to that document, and consider obtaining investment, legal, tax and accounting advice appropriate to their circumstances. Copies of the PDSs for the Funds are available at www.auscapam.com or by calling Auscap on +61 2 8378 0800. Copies of the Target Market Determinations for the Funds, prepared by Auscap in connection with the Design and Distribution Obligations, are available on request or at www.auscapam.com.