DISCLAIMER

Please read the following disclaimer for permitted use of this website.

The information contained in this website (the “Website”) constitutes a financial promotion pursuant to section 21 of the Financial Services and Markets Act 2000 (“FSMA”) and is issued by Amersham Investment Management Limited (the “Manager”) which is authorised and regulated by the Financial Services Authority in the United Kingdom and whose registered office is at 1st Floor, 27-28 Poland Street, London W1F 8QN.

The Website is not directed at, and should not be accessed by, persons in any jurisdiction other than the United Kingdom.

If you are in any doubt about the action you should take in regard to the contents of the Website, you should contact an independent financial adviser or other professional adviser authorised under FSMA who specialises in advising on investments of the type referred to in the Website. Reliance on the information in the Website for the purpose of engaging in any investment activity may expose an individual to a significant risk of losing all of the property or other assets invested. Nothing in the Website constitutes investment, tax, financial, regulatory or other advice by the Manager or Seed Mentors Limited.

The Website contains general information regarding the Seed Advantage SEIS Fund 1 (the “Fund”). The contents of the Website is provided for information purposes only and does not, nor is it intended to, constitute an offer or solicitation to any person in any jurisdiction to purchase or sell any investment. The information available on the Website is subject at all times to the full terms of the Information Memorandum relating to the Fund (the “Information Memorandum”), which should be read in its entirety before a decision to invest in the Fund is made. In particular, your attention is drawn to the risk factors relating to an investment in the Fund set out at Part Six of the Information Memorandum.

Hyperlinks contained in the Website to any other website are not an endorsement, approval or certification of information, projections or opinions on such websites.

The Information Memorandum is issued solely for the purpose of seeking subscriptions from prospective investors for investments in the Fund. Information on the Website and the Information Memorandum are confidential and must not be copied, reproduced or distributed in whole or in part to any other person at any time without the Manager’s prior written consent.

The tax treatment referred to in the Website and the Information Memorandum depends on the individual circumstances of each investor and may be subject to change in future. In addition, the availability of any tax reliefs depends on the investee companies in which investments are made from time to time maintaining their qualifying status. Past performance is not a guide to future performance and may not be repeated. The value of an investment may go down as well as up and an investor may not get back the full amount invested.

Investment in the Fund carries substantial risk. Any investment in the Fund should be regarded as being medium to long term in nature. There can be no assurance that the Fund’s investment objective will be met and results may vary substantially over time. Investors’ money subscribed to the Fund will be committed to investments which may be of a long term and illiquid nature. The companies in which the Fund invests will not be quoted on any regulated market and, accordingly, there will not be an established or ready market for any such shares. It may be difficult to obtain information regarding how much an investment is worth or how risky it is at any given time and the Manager may experience difficulty in realising the investments (for value or at all).

An investment in the Fund may only be made on the basis of the Information Memorandum and the Investment Management Agreement set out therein. Prospective investors should not regard the contents of the Website or the Information Memorandum as constituting a recommendation or advice relating to any legal, taxation, regulatory or investment matters and are advised to consult their own professional advisers before contemplating any investment. The Manager, its directors, officers, employees and agents do not accept any liability for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on any information or opinions contained herein or in any other communication in connection with an investment in the Fund except where such liability arises under FSMA, regulations made under FSMA or the Handbook of Rules and Guidance of the Financial Services Authority (the “FSA Rules”) and may not be excluded.

The Manager believes that the factual content of the Information Memorandum is accurate and that statements of opinion therein are reasonably held. Subject to the Manager’s overriding duty under the FSA Rules to ensure that the content of the Website and the Information Memorandum is presented in a manner which is fair, clear and not misleading with respect to the persons to whom the Fund is promoted by it, the Manager accepts no responsibility to any person accessing the Website or any recipient of the Information Memorandum for inaccuracies in factual representation or for any consequences to such persons of placing reliance upon statements of the Manager’s or Seed Mentors Limited’s opinion except to the extent required by law. Additionally, some material included in the Website and Information Memorandum is derived from public or third party sources, and the Manager disclaims all liability for any errors or misrepresentations which any such inclusions may contain.

All statements of opinion and/or belief contained in the Website, and all views expressed and all projections, forecasts or statements relating to expectations regarding future events or the possible future performance of the Fund, represent Seed Mentors’ and/or the Manager’s own assessment and interpretation of information available to it at the time of writing. Any such statements contained in the Website may change without notice. No representation is made or assurance given that such statements, views, projections or forecasts are correct or that the objectives of the Fund will be achieved. Prospective investors must determine for themselves what reliance (if any) they should place on such statements, views, projections or forecasts and no responsibility is accepted by Seed Mentors Limited or the Manager in respect thereof.

The Website and Information Memorandum contain certain information that constitutes “forward-looking statements” which can be recognised by use of terminology such as “may”, “will”, “should”, “anticipate”, “estimate”, “intend”, “continue”, or “believe” or their respective negatives or other comparable terminology. Forward-looking statements are provided for illustrative purposes only. Due to various risks and uncertainties, actual events, results or performance may differ materially from those reflected or contemplated in such forward-looking statements.

No person has been authorised to give any information, or to make any representation concerning the Fund other than the information contained in the Website and in the Information Memorandum, and if given or made, such information or representation must not be relied on. The Website and the Information Memorandum may only be accessed by persons within the United Kingdom and do not constitute an offer, or the solicitation of an offer, in any jurisdiction in which such offer or solicitation is unlawful. It is the responsibility of any person outside the United Kingdom wishing to access the Website or make an application to invest in the Fund to satisfy himself as to full observance of the laws of any relevant territory in connection therewith.

Prospective investors should be aware that the arrangements described in the Website and the Information Memorandum represent a discretionary portfolio management service subject to the terms of the Investment Management Agreement set out in Appendix 2 of the Information Memorandum. Investors appoint the Manager to invest their subscription monies on a discretionary basis into a portfolio of SEIS Qualifying Companies. All investments made will be held in the name of a nominee in a way that enables each Investor’s entitlement to be separately identified. The Fund is not treated as an unregulated collective investment scheme (as defined in section 235 of FSMA).

The Fund has not been approved by HMRC under section 251 of the Income Tax Act 2007.

The information set out in the Information Memorandum is dated 4th January 2013. The Manager and Seed Mentors Limited reserve the right to update the Website and the Information Memorandum from time to time.

The information contained in the Website and the Information Memorandum makes reference to the current laws concerning SEIS Income Tax Relief, SEIS Carry Back Relief and SEIS Loss Relief (together, the “SEIS Reliefs”), CGT Reinvestment Relief and the CGT Exemption (together, the “CGT Reliefs”), and IHT Relief. These levels and bases of relief may be subject to change. The tax reliefs referred to in the Website and the Information Memorandum are those currently available and their value depends on individual circumstances.

There is no guarantee that SEIS Reliefs or CGT Reliefs will be available on any investment made by the Fund or that if it is initially available it will not be subsequently withdrawn. Any references to tax laws or rates in the Website or the Information Memorandum are based on current legislation, which is subject to change and provided as a guide only. Prospective investors are advised to take their own taxation advice and should consult their own professional advisers on the implications of investing in the Fund.

By using this website, you warrant and agree as follows:

1. you have read and understood the regulatory information set out above;

2. you are not aware of any limitation or restriction prohibiting you from accessing the information contained in the Website; and

3. to be bound by the terms and conditions set out above.

If you are unable to agree to the terms outlined above, or you are resident in any jurisdiction where access to the Website and the information contained within it is not permitted, then please exit the Website immediately.Neither Seed Mentors Limited nor Amersham Investment Management Limited accept any responsibility for any unauthorised access to the Website. Seed Mentors Limited is not authorised or regulated by the Financial Services Authority or the Financial Conduct Authority,.Seed Mentors Limited does not give advice and the information contained in this website is for information only. The Seed Advantage SEIS Fund 1, The Second Seed Advantage SEIS Fund and The Dragon SEIS Fund is a discretionary investment management service managed by the manager, with support from Seed Mentors Ltd.’