Legal notice

Please read this notice carefully. The information contained on this website (this "Site") is communicated by Gulf Investment Fund plc ("GIF" or the "Company") in accordance with the following terms and conditions. By accessing this Site, you will be deemed to have accepted the terms and conditions in this disclaimer in full. If you do not accept these terms and conditions please do not continue to access this Site.

This Site has not been approved for the purpose of Section 21 of The Financial Services and Markets Act 2000. This Site is directed only at:

(a) persons who have professional experience in matters relating to investments and who are investment professionals as specified in article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Financial Promotions Order”);

(b) high net worth companies, unincorporated associations and other persons who fall within the provisions of article 49 of the Financial Promotions Order; and

(c) persons certified by an authorised person as sophisticated investors within the meaning of article 50 of the Financial Promotions Order.

If you are not such a person, you should not read the content of this Site, rely on it or take any other action in consequence of it.

The distribution of the content of this Site in certain jurisdictions may be restricted by law. Persons in possession of this information are required to inform themselves about and to observe any such restrictions. You hereby acknowledge and warrant that you are not breaching any relevant laws (including securities laws) by accessing this Site in such jurisdiction. The ordinary shares and warrants in Gulf Investment Fund plc have not been, and will not be, registered under the United States Securities Act of 1933 as amended (the "Securities Act") or qualified for sale under the laws of any state of the United States or under the applicable laws of any of Canada, Australia, Republic of South Africa or Japan and, subject to certain exceptions, may not be offered or sold in the United States or to, or for the account or benefit of, US persons (as such term is defined in Regulation S under the Securities Act) or to any national, resident or citizen of Canada, Australia, Republic of South Africa or Japan.

You should not rely on any information contained in this Site in making an investment or other decision but should obtain appropriate and specific professional advice in connection therewith. In making an investment decision regarding the Company's securities, you must rely on your own examination of the Company, including the merits and risks involved in an investment. Nothing contained in this Site constitutes or should be construed to constitute investment, legal, tax or other advice. The information contained in this Site shall in no way be construed to constitute a recommendation with respect to the purchase or sale of any investment.

While GIF may update this Site from time to time, its content is provided for information purposes only with no representation or warranty, express or implied by GIF or any of its officers or advisers as to its accuracy or completeness or that it is up to date, and it should not be relied on as such.

To the fullest extent allowed by law, GIF and its officers shall not be liable, whether in tort (including negligence) or otherwise howsoever, for any losses, damages, costs or expenses of whatever nature incurred or suffered by you or any third party arising out of or in connection with the access to or use of, or linking to other Sites from, this Site or reliance on any information contained on this Site.

I have read and understood the legal notice set out above