Disclaimer

This presentation is issued by FVC MANAGEMENT CONSULTANTS CYPRUS LTD (“FVC”). This presentation has been prepared solely for, and is being delivered on a confidential basis to, prospective investors considering an investment in MST Travel Ltd. either directly or indirectly via a special purpose vehicle (the “Transaction”). Any reproduction or distribution of this presentation, in any format, whether in whole or in part, or the disclosure of its contents is prohibited without the prior written consent of FVC and all persons to whom this presentation is made agree that they will keep confidential all information contained herein and not already in the public domain and will use this presentation for the sole purpose of evaluating a possible investment in Transaction. The presentation materials must be returned promptly upon request by FVC. By accepting the presentation materials, each prospective investor agrees to the foregoing. This presentation is not, and under no circumstances is it to be construed as, a prospectus or an advertisement in any jurisdiction and no offer, marketing, solicitation or invitation of an offer for an interest in Transaction is being made by FVC by communication of this presentation and the information contained herein. This presentation is being provided on an “information only” basis and no reliance should be placed upon the information contained herein.

The information contained in this presentation is provided to assist prospective investors but is not intended to be comprehensive. Prospective investors should make their own investigation of the investment opportunity described herein, including the merits and risks involved and the legality and tax consequences of such an investment. Prospective investors should not treat the contents of this document as advice relating to legal, tax or investment matters and should make their own inquiries and consult their own advisers as to the Transaction and as to legal, tax and related matters concerning an investment in the Transaction. Certain information contained herein concerning economic trends and performance are based on or derived from information provided by independent third party sources. FVC believes that such information is accurate and that the sources from which it has been obtained are reliable. However, FVC cannot guarantee the accuracy of such information, and has not independently verified the assumptions on which such information is based.

All statements of opinion and/or belief contained in this presentation and all views expressed and all projections, forecasts or statements relating to expectations regarding future events or the possible future performance of Transaction are those of FVC and represent FVC’s own assessment and interpretation of information available to it as at the date hereof and are subject to change without notice. No representation is made or assurance given that such statements, opinions, projections or forecasts are correct or that the objectives of Transaction will be achieved. Prospective investors must determine for themselves what reliance (if any) they should place on such statements, opinions, projections or forecasts and no responsibility (except in the case of fraud) is accepted by FVC in respect thereof. 

Prospective investors are strongly advised to conduct their own due diligence including, without limitation, the legal and tax consequences to them of investing in the Transaction.

Certain information contained in this presentation constitutes “forward-looking statements,” which can be identified by the use of forward-looking terminology such as “may,” “will,” “should,” “expect,” “anticipate,” “target,” “project,” “estimate,” “intend,” “continue” or “believe,” or the negatives thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties, actual events or results or the actual performance of the Transaction may differ materially from those reflected or contemplated in such forward-looking statements. In considering the prior performance information contained herein, prospective investors should bear in mind that past performance is not indicative of future results, and there can be no assurance that Transaction will achieve comparable results or that any targets or results will be met. In addition, there can be no assurance that unrealised investments will be realised at the valuations shown, or that the Transaction will be able to implement its investment strategy or be able to avoid losses.