Self-Assessment

I am a self-certified sophisticated investor because at least one of the following applies—

• (a) I am a member of a network or syndicate of business angels and have been so for at least the last six months prior to the date below;
• (b) I have made more than one investment in an unlisted company in the two years prior to the date below;
• (c) I am working, or have worked in the two years prior to the date below, in a professional capacity in the private equity sector, or in the provision of finance for small and medium enterprises;
• (d) I am currently, or have been in the two years prior to the date below, a director of a company with an annual turnover of at least £l million.

I am a certified high net worth individual because at least one of the following applies—

(a) I had, during the financial year immediately preceding the date below, an annual income to the value of £100,000 or more;

(b) I held, throughout the financial year immediately preceding the date below, net assets to the value of £250,000 or more. Net assets for these purposes do not include—

1. (i) the property which is my primary residence or any loan secured on that residence;
2. (ii) any rights of mine under a qualifying contract of insurance within the meaning of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001; or
3. (iii) any benefits (in the form of pensions or otherwise) which are payable on the termination of my service or on my death or retirement and to which I am (or my dependants are), or may be, entitled.

Authorised persons; persons exempt in relation to the promotion of investments of this nature; persons involved ordinarily in investing in unregulated schemes; governments, local authorities or international organisations; or a director, officer or employee acting for these entities in relation to engaging in investment activity (provided that the communication is made to the director, officer or employee in this capacity and when acting in this capacity they are involved in the entities’ participation in investments of this nature)

High net worth companies, unincorporated associations etc”): bodies corporate with minimum called-up share capital/net assets of £5 million (except where the body corporate has more than 20 members in which case the minimum share capital/net assets should be £500,000); unincorporated associations or partnerships with minimum net assets of £5 million; trustees of high value trusts; or a director, officer or employee acting for any of these in relation to engaging in investment activity (provided that the communication is made to the director, officer or employee in this capacity and when acting in this capacity they are involved in the entities’ participation in investments of this nature);