Risk Warnings

Past or projected performance is not necessarily indicative of future results. There can be no assurance that the Fund will achieve comparable results, that targeted returns, diversification or asset allocations will be met or that the Fund will be able to implement its investment strategy and investment approach or achieve its investment objective. Actual returns on unrealized investments will depend on, among other factors, future operating results, the value of the assets and market conditions at the time of disposition, legal and contractual restrictions on transfer that may limit liquidity, any related transaction costs and the timing and manner of sale, all of which may differ from the assumptions and circumstances on which the valuations used in the prior performance data contained herein are based. Accordingly, actual returns may differ materially from the returns indicated herein.

The Fund is illiquid and requires long term commitment with no certainty of any capital or income return. There will be no right of cancellation. There is currently no market for interests in the Fund therefore it is highly unlikely that disinvestments will be permitted. You may not get back the amount you originally invested at the end of the period. The Fund may not achieve its objectives or its performance targets.

The Fund is not regulated or authorised by the Financial Services Authority and therefore not subject to investor protection rules. Participants will not have any protection under the Financial Ombudsman Scheme or the Financial Services Compensation Scheme.

The information set forth herein does not purport to be complete and is subject to change. Statements contained in this information that are not historical facts are based on current expectations, estimates, projections, opinions and beliefs of Big Issue Invest. Such statements involve known and unknown risks, uncertainties and other factors, and undue reliance should not be placed thereon.

Certain economic and market information contained herein has been obtained from published sources prepared by third parties and in certain cases has not been updated through the date hereof. Neither Big Issue Invest, the Fund, its general partner nor their respective affiliates nor any of their respective employees or agents (collectively, “Big Issue”) assume any responsibility for the accuracy or completeness of such information.

Big Issue has not made any representation or warranty, express or implied, with respect to the fairness, correctness, accuracy, reasonableness or completeness of any of the information contained herein (including but not limited to information obtained from third parties), and they expressly disclaim any responsibility or liability therefore. Big Issue does not have any responsibility to update or correct any of the information.

Prior to investing in the Fund, prospective investors should consult with their own investment, accounting, regulatory, tax and other advisors as to the consequences of an investment in the Fund.

The Private Placement Memorandum must be read and understood prior to investing in the Big Issue Invest Social Enterprise Fund which details the full regulatory and risk warnings.

Investment in the Fund will involve significant risks, including loss of the entire investment.