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You can review reputable foreign institutional investors’ recommendations on BEF Fund on Testimonials link on our webpage.

You can also check recording of Mr. Giovanni de Francisci‘s speech at International Banking CEE/CIS Forum held in Riga, Latvia in September 2014. Mr. Francisci originates from a very wealthy family (Petschek), which fled from Czech Republic (where they had owned Budwar brewery and the largest Czech mines) to US on the brink of WW II. Mr. Francisci is extremely intelligent person and one of best-known speakers at hedge fund conferences. Therefore, we (credits goes to entire team) are honoured that he mentioned investment manager of BEF Fund as one of best fund managers in the world. Especially considering the fact that there are more than 100,000 mutual funds and more than 10,000 hedge funds in the world; together with other managed structures therefore more than 150,000 managed financial products. BEF Fund investment manager is mentioned at 8:40 of the clip (Slovenia refers to whole region of former Yugoslavia). If time permits you, we suggest you to view the entire recording, as it is very interesting and informative.

Yours faithfully,
Yours Balkan Emerging Frontiers Fund

Telephone/fax: +41 22 518 02 39

www.bef-fund.com

The Fund is a Segregated Portfolio of JP SPC 5, a segregated portfolio company with limited liability.

This document is intended for institutional investors or high net worth individuals. If you do not fall into those categories please disregard and delete it. Portions of this document may contain information about funds and services, which may be restricted by law in certain jurisdictions. Any information in this document is not an invitation to invest in the funds, nor does it constitute an offer for sale of shares in the funds or any investment whatsoever. Further information is only available to pre-qualified, qualified or accredited investors. Subscriptions for any class of shares in the funds can only be made by completing the subscription agreement for the relevant shares and after having been provided the offering documents as described in the subscription agreement.

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