EMAIL DETAILS

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<p style="text-align: center;"><span style="font-family: arial,helvetica,sans-serif; font-size: 12px;"><strong><strong>Carne supports launch of River and Mercantile UK Micro Cap Investment Company </strong></strong></span><br /><span style="font-family: arial,helvetica,sans-serif; font-size: 12px;"><strong><a href="http://newsletter.ie/run/v3.aspx?m=zTVY8lvP6UtfwTDBSMG8aLZF%2B7k0FC1aky6a8muJ%2FQeNLDbE3qIP2OHgGtroonhjJrHenp%2FU7Yo%3D_zek_d7ddk">View in browser</a> | <a href="http://newsletter.ie/run/tafn.aspx?m=zTVY8lvP6UtfwTDBSMG8aLZF%2B7k0FC1aky6a8muJ%2FQeNLDbE3qIP2OHgGtroonhjJrHenp%2FU7Yo%3D_zek_d7ddk" >Tell a Friend</a><br /></strong></span></p>
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<td style="border: 0px;" bgcolor="#ffffff"> <br /> <img src="http://newsletter.ie/E/organization/CARNE/Images/carneGlobalLogo.jpg" style="display: block;" alt="Carne" title="Carne" width="622" height="102" border="0" /></td>
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<h2 style="padding-top: 4pt; line-height: 1.15; text-align: left; color: #000000; font-size: 12pt; font-family: 'Cambria'; font-weight: bold;"><span>PRESS RELEASE</span></h2>
<h1 style="line-height: 1.15; text-align: left; color: #365f91; font-size: 14pt; font-family: 'Cambria'; font-weight: bold;"><span>Carne supports launch of River and Mercantile UK Micro Cap Investment Company with Channel Islands Management Company </span></h1>
<h2 style="line-height: 1.15; text-align: left; color: #365f91; font-size: 12pt; font-family: 'Cambria'; font-weight: bold;"><span>Regulated non-EU AIFM enables distribution into the UK.</span></h2>
<p><strong>CHANNEL ISLANDS, December 2014:</strong> Carne Group, a leading provider of governance and oversight services for the global asset management industry, has been chosen to provide support for the successfully listed River and Mercantile UK Micro Cap Investment Company Limited, which is domiciled in Guernsey. The Company will be admitted to the Premium Segment of the Official List of the UK Listing Authority and commence trading on the 2nd of December 2014 on the London Stock Exchange.</p>
<p>The Company is making use of Carne’s Channel Islands management company, which was authorised as an AIFM by the Jersey Financial Services Commission (JFSC) in October. The management company is a non-EU AIFM structure which can be used to distribute funds into the UK under the National Private Placement Regime.</p>
<p>The Company’s assets will be managed by River and Mercantile Asset Management LLP, which is authorised and regulated by the Financial Conduct Authority. River and Mercantile is a UK-based investment management firm specialising in managing UK and global equities for institutional and retail investors.</p>
<p>Carne’s Managing Director in the Channel Islands, Mark Hodgson, has also been appointed to the board of the Guernsey Company.</p>
<p>Mark Hodgson commented: “We are very excited to be supporting a listing of this scale via our management company in the Channel Islands. Carne has already been chosen as a provider of AIFMD governance and oversight to several leading names in the global fund management industry. With the authorisation of our Channel Islands AIFM in October, we are now in a position to cater to those funds seeking a non-EU AIFM solution.”</p>
<p>Julian Cripps, Chief Operating Officer of River and Mercantile Asset Management LLP, commented: “We are pleased to have been able to work with a firm of Carne’s experience and professionalism in what has been a successful initial placement. Their deep understanding of the regulatory and oversight requirements of AIFMs has played a valuable role in the launch of the Company.”</p>
<p>Carne was the first independent provider to launch an AIFMD management company in Ireland in 2013. Since then it has also received authorisation for a Luxembourg AIFMD management company. Carne’s management companies are supported by a team of highly experienced risk management professionals and independent fund directors in Ireland, Luxembourg and the Channel Islands.</p>
<p>ENDS</p>
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<div style="border: 1px solid #353535; padding: 2px;">For further information, please contact:
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<td style="width: 50%; text-align: left; color: #353535; font-size: 11pt; font-family: 'Cambria'; padding: 2px; font-weight: bold;">London</td>
<td style="width: 50%; text-align: left; color: #353535; font-size: 11pt; font-family: 'Cambria'; padding: 2px; font-weight: bold;">Channel Islands</td>
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<td style="width: 50%; text-align: left; color: #353535; font-size: 11pt; font-family: 'Cambria'; padding: 2px;">Aymeric Lechartier</td>
<td style="width: 50%; text-align: left; color: #353535; font-size: 11pt; font-family: 'Cambria'; padding: 2px;">Mark Hodgson</td>
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<td style="width: 50%; text-align: left; color: #353535; font-size: 11pt; font-family: 'Cambria'; padding: 2px;">T: +44 207 936 9139</td>
<td style="width: 50%; text-align: left; color: #353535; font-size: 11pt; font-family: 'Cambria'; padding: 2px;">T: +44 1534 511786</td>
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<td style="width: 50%; text-align: left; color: #353535; font-size: 11pt; font-family: 'Cambria'; padding: 2px;">e: <a style="text-decoration: none; color: #365f91; border-bottom: 1px dotted #365f91;" href="mailto:aymeric.lechartier@carnegroup.com">aymeric.lechartier@carnegroup.com</a></td>
<td style="width: 50%; text-align: left; color: #353535; font-size: 11pt; font-family: 'Cambria'; padding: 2px;">e: <a style="text-decoration: none; color: #365f91; border-bottom: 1px dotted #365f91;" href="mailto:mark.hodgson@carnegroup.com">mark.hodgson@carnegroup.com</a></td>
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<td style="width: 50%; text-align: left; color: #353535; font-size: 11pt; font-family: 'Cambria'; padding: 2px; font-weight: bold;">Ireland</td>
<td style="width: 50%; text-align: left; color: #353535; font-size: 11pt; font-family: 'Cambria'; padding: 2px; font-weight: bold;">Luxembourg</td>
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<td style="width: 50%; text-align: left; color: #353535; font-size: 11pt; font-family: 'Cambria'; padding: 2px;">John Skelly</td>
<td style="width: 50%; text-align: left; color: #353535; font-size: 11pt; font-family: 'Cambria'; padding: 2px;">Thomas Nummer</td>
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<td style="width: 50%; text-align: left; color: #353535; font-size: 11pt; font-family: 'Cambria'; padding: 2px;">T: +353 489 6806</td>
<td style="width: 50%; text-align: left; color: #353535; font-size: 11pt; font-family: 'Cambria'; padding: 2px;">T: +352 2673 231</td>
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<td style="width: 50%; text-align: left; color: #353535; font-size: 11pt; font-family: 'Cambria'; padding: 2px;">e: <a style="text-decoration: none; color: #365f91; border-bottom: 1px dotted #365f91;" href="mailto:john.skelly@carnegroup.com">john.skelly@carnegroup.com</a></td>
<td style="width: 50%; text-align: left; color: #353535; font-size: 11pt; font-family: 'Cambria'; padding: 2px;">e: <a style="text-decoration: none; color: #365f91; border-bottom: 1px dotted #365f91;" href="mailto:thomas.nummer@carnegroup.com">thomas.nummer@carnegroup.com</a></td>
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<td style="width: 50%; text-align: left; color: #353535; font-size: 11pt; font-family: 'Cambria'; padding: 2px; font-weight: bold;">Chicago</td>
<td style="width: 50%; text-align: left; color: #353535; font-size: 11pt; font-family: 'Cambria'; padding: 2px; font-weight: bold;">New York</td>
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<td style="width: 50%; text-align: left; color: #353535; font-size: 11pt; font-family: 'Cambria'; padding: 2px;">Scott Craven Jones</td>
<td style="width: 50%; text-align: left; color: #353535; font-size: 11pt; font-family: 'Cambria'; padding: 2px;">Joe Hardiman</td>
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<td style="width: 50%; text-align: left; color: #353535; font-size: 11pt; font-family: 'Cambria'; padding: 2px;">T: +1 312 804 1823</td>
<td style="width: 50%; text-align: left; color: #353535; font-size: 11pt; font-family: 'Cambria'; padding: 2px;">T: +1 732 642 5808</td>
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<td style="width: 50%; text-align: left; color: #353535; font-size: 11pt; font-family: 'Cambria'; padding: 2px;">e: <a style="text-decoration: none; color: #365f91; border-bottom: 1px dotted #365f91;" href="mailto:scott.cravenjones@carnegroup.com">scott.cravenjones@carnegroup.com</a></td>
<td style="width: 50%; text-align: left; color: #353535; font-size: 11pt; font-family: 'Cambria'; padding: 2px;"><a style="text-decoration: none; color: #365f91; border-bottom: 1px dotted #365f91;" href="mailto:joe.hardiman@carnegroup.com">joe.hardiman@carnegroup.com</a></td>
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<td style="width: 50%; text-align: left; color: #353535; font-size: 11pt; font-family: 'Cambria'; padding: 2px; font-weight: bold;">Asia Pacific</td>
<td style="width: 50%; text-align: left; color: #353535; font-size: 11pt; font-family: 'Cambria'; padding: 2px; font-weight: bold;">Cayman Islands</td>
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<td style="width: 50%; text-align: left; color: #353535; font-size: 11pt; font-family: 'Cambria'; padding: 2px;">Chris Day</td>
<td style="width: 50%; text-align: left; color: #353535; font-size: 11pt; font-family: 'Cambria'; padding: 2px;">John Ackerley</td>
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<td style="width: 50%; text-align: left; color: #353535; font-size: 11pt; font-family: 'Cambria'; padding: 2px;">T: +44 207 936 9692</td>
<td style="width: 50%; text-align: left; color: #353535; font-size: 11pt; font-family: 'Cambria'; padding: 2px;">T: +1 345 769 9902</td>
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<td style="width: 50%; text-align: left; color: #353535; font-size: 11pt; font-family: 'Cambria'; padding: 2px;">e: <a style="text-decoration: none; color: #365f91; border-bottom: 1px dotted #365f91;" href="mailto:chris.day@carnegroup.com">chris.day@carnegroup.com</a></td>
<td style="width: 50%; text-align: left; color: #353535; font-size: 11pt; font-family: 'Cambria'; padding: 2px;"><a style="text-decoration: none; color: #365f91; border-bottom: 1px dotted #365f91;" href="mailto:john.ackerley@carnegroup.com">john.ackerley@carnegroup.com</a></td>
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<p><span style="font-weight: bold; text-decoration: underline;">About Carne</span></p>
<p>Carne is a leading international specialist in the provision of independent governance services and European management company solutions to the global asset management industry. We advise both hedge fund and traditional fund managers on their governance, oversight and management needs, as well as providing independent Directors to the boards of some of the most respected investment funds globally. Carne has fund directors resident in the key fund jurisdictions, including the Cayman Islands, Channel Islands, Ireland, Luxembourg, Switzerland, the UK and USA.</p>
<p><strong><a style="text-decoration: none; color: #365f91; border-bottom: 1px dotted #365f91;" href="http://www.carnegroup.com">www.carnegroup.com</a></strong></p>
<p><img src="http://newsletter.ie/E/organization/CARNE/Images/watermark.jpg" style="float: right;" width="100" height="100" border="0" /></p>
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<p style="text-align: center;"><span style="font-family: arial,helvetica,sans-serif; font-size: 12px;"><strong><br /> <br />This email was sent to HBiden@rosemontseneca.com.<br /><a href="http://newsletter.ie/run/OO.aspx?m=zTVY8lvP6UtfwTDBSMG8aLZF%2B7k0FC1aky6a8muJ%2FQeNLDbE3qIP2OHgGtroonhjJrHenp%2FU7Yo%3D_zek_d7ddk">Unsubscribe </a>| <a href="http://newsletter.ie/run/mcp.aspx?m=zTVY8lvP6UtfwTDBSMG8aLZF%2B7k0FC1aky6a8muJ%2FQeNLDbE3qIP2OHgGtroonhjJrHenp%2FU7Yo%3D_zek_d7ddk" >Update Details</a> | <a href="http://newsletter.ie/run/tafn.aspx?m=zTVY8lvP6UtfwTDBSMG8aLZF%2B7k0FC1aky6a8muJ%2FQeNLDbE3qIP2OHgGtroonhjJrHenp%2FU7Yo%3D_zek_d7ddk" >Tell a Friend</a><br /></strong></span></p>
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<p><br /><span style="font-size: 10px; font-family: arial,helvetica,sans-serif;"><span style="color: #ffffff;">Carne Global Financial Services Limited</span></span></p>
<p><span style="font-family: arial,helvetica,sans-serif; font-size: 10px;"><a style="text-decoration: none;" href="http://www.carnegroup.com/"><span style="color: #ffffff;">http://www.carnegroup.com/</span></a></span></p>
<p><span style="font-size: 10px; font-family: arial,helvetica,sans-serif;"><span style="color: #ffffff;">Dublin - Cayman Islands - Channel Islands - Chicago - London - Luxembourg - New York - Switzerland </span></span></p>
<p style="text-align: justify; padding: 2px;"><span style="font-family: arial,helvetica,sans-serif; font-size: 10px;"><span style="color: #ffffff;">The information in this e-mail and any attachments is confidential and may be legally privileged. It is intended solely for the addressee or addressees. If you are not an intended recipient, please delete the message and any attachments and notify the sender of misdelivery: any use or disclosure of contents of either is unauthorised and may be unlawful. All liability for viruses is excluded to the fullest extent permitted by law. Any views expressed in this message are those of the individual sender, except where the sender states them, with requisite authority, to be those of Carne Global Financial Services Limited. If the e-mail is addressed to a client, any opinion or advice contained in this e-mail is subject to the terms and conditions expressed in the governing client agreement. </span></span><span style="font-family: arial,helvetica,sans-serif; font-size: 10px;"><span style="color: #ffffff;">Carne Global Financial Services Limited; Registered Office: 2<sup>nd</sup> Floor, Block E, Iveagh Court, Harcourt Road, Dublin 2, Ireland; Registered in Ireland: Registration No. 380564.</span> </span> </p>
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