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Disclaimer

Issued by: Perennial Value Management Limited (ABN 22 090 879 904, AFSL: 247293) as the Investment Manager. The Responsible Entity is Perennial Investment Management Limited (ABN 13 108 747 637, AFSL: 275101). Perennial Partners Limited (ABN 90 612 829 160) is a Corporate Authorised Representative (No.1293138) of the Investment Manager. Both the Investment Manager and Responsible Entity form part of Perennial Partners.

Whilst every effort has been made to ensure that the information in this presentation is accurate; its accuracy, reliability or completeness is not guaranteed. Perennial expressly advises that it shall not be liable in any way whatsoever for any loss or damage which may be suffered by any person relying upon such information or any opinion, analysis, recommendation or conclusion contained in this presentation or otherwise arising in connection with the content of, or any omission from, this presentation.

The fact that particular securities may have been mentioned should not be interpreted as a recommendation to either buy, sell or hold those securities.

The contents of this presentation were prepared for information purposes only. Accordingly, reliance should not be placed on this presentation as the basis for making an investment, financial or other decision. This information does not take into account your investment objectives, particular needs or financial situation and is not intended to constitute advertising or advice of any kind and you should not construe the contents of this presentation as legal, tax, investment or other advice. This presentation does not constitute an offer or inducement to engage in an investment activity nor does it form part of any offer documentation, offer or invitation to purchase, sell or subscribe for interests in any type of investment product or service. You should read and consider any relevant offer documentation applicable to any investment product or service and consider obtaining professional investment advice tailored to your specific circumstances before making any investment decision.

Past performance is not a reliable indicator of future performance. Gross performance does not include any applicable management fees or expenses. Net performance is based on redemption price for the period and assumes that all distributions are reinvested. Fees indicated reflect the maximum applicable.

Contractual arrangements, including any applicable management fee, may be negotiated with certain large investors.  Investments in the Trusts must be accompanied by an application form. The current relevant target market determinations, product disclosure statements, additional information booklets and application forms can be found on Perennial’s website www.perennial.net.au. No distribution of this material will be made in any jurisdiction where such distribution is not authorised or is unlawful.