DISCLOSURES

Kora Management LP (together with its affiliates, “Kora”) is an investment adviser registered with the Securities and Exchange Commission (the “SEC”) pursuant to the Investment Advisers Act of 1940.  For more information about registered investment advisers, please visit the SEC’s investor information page here.

This page is for informational purposes only. Information contained on this page is current only as of the date specified with respect to such information, regardless of the time of delivery or of any investment, and is not complete, nor does Kora undertake any duty to update the information set forth herein.

This page does not constitute an offer to sell or the solicitation of an offer to purchase any securities, including of any fund or account managed by Kora.  Any such offer or solicitation may be made only by means of the delivery of a confidential offering memorandum or other offering materials, which will contain material information not included herein regarding, among others matters, risks and potential conflicts of interest.

This page should not be used as the sole basis for making a decision to invest in any securities, including of any fund or account managed by Kora.  In making an investment decision, you must rely on your own examination of such securities and the terms of the offering.  You should not construe the contents of this page as legal, tax, investment or other advice, or a recommendation to purchase or sell any particular security.

The information contained on this page does not purport to present a complete picture of the financial position, activities, results, actions, and/or plans of Kora or any fund or account managed by Kora.

This page presents certain information of Kora in various categories and classifications.  The various categories and classifications presented represent the opinion of Kora.  The categories and classifications presented could be materially different from other third-party classification systems.

 Notwithstanding the information presented on this page, Kora is not limited with respect to the types of investment strategies it may employ or the markets or instruments in which it may invest, subject to the terms of applicable offering and governance documents.  Over time, markets change and Kora seeks to capitalize on attractive opportunities wherever they might exist.  Depending on conditions and trends in the capital markets and the economy, Kora may pursue objectives or employ techniques it considers appropriate, which may differ from the objectives, techniques or investments presented on this page. The information included on this page is based upon information reasonably available to Kora as of the date noted herein.  Furthermore, the information included on this page has been obtained from sources Kora believes to be reliable; however, these sources cannot be guaranteed as to their accuracy or completeness.  No representation, warranty or undertaking, express or implied, is given as to the accuracy or completeness of the information contained herein by Kora, its members, partners, or employees, and no liability is accepted by such persons for the accuracy or completeness of any such information.

This page contains certain “forward-looking statements,” which may be identified by the use of such words as “believe,” “expect,” “anticipate,” “should,” “planned,” “estimated,” “potential,” “outlook,” “forecast,” “plan” and other similar terms.  Examples of forward-looking statements include, without limitation, estimates with respect to financial condition, results of operations, and success or lack of success of Kora’s investment strategy or the investment strategy.  All are subject to various factors, including, without limitation, general and local economic conditions, changing levels of competition within certain industries and markets, changes in interest rates, changes in legislation or regulation, and other economic, competitive, governmental, regulatory and technological factors affecting Kora’s operations and the operations of any company in which an investment is made, any or all of which could cause actual results to differ materially from projected results.