New Income Partnership Opportunity from

Custodian Capital, part of the Mattioli Woods group:

Commercial property for private investors in Bath – FULLY FUNDED

The property is situated in a prime location in Bath, one of the most popular tourist destinations in the UK with an estimated 1 million overnight and 3.8 million day tourists per annum in addition to a 169,000 local population and substantial student numbers.

Investment summary:

• The property is let to Prezzo plc
• The property comprises of ground, lower ground and part first floor
• Purchase price £1,837,000
• Initial rent £122,500 per annum
• Open market, upwards only rent reviews in 2017 and 5 yearly thereafter
• Outside seating land price agreed at £150,000
• £105,000 of initial debt to be fully repaid by October 2014

Forecast returns:

• Distributions to commence in 2015, with an estimated net annual income return of 5.65%*

Timing:

• Exchange of contracts took place on 3 April
• Completion is scheduled for February 2013 following practical completion of the redevelopment and grant of lease to Prezzo plc.

Operation:

This partnership is operated by Custodian Capital Limited, part of the Mattioli Woods group, which has a £110 million nationwide portfolio of syndicated commercial property under management on behalf of over 1,000 investors.

Structure:

This partnership is defined by the Financial Services Authority (FSA) as an unregulated collective investment scheme (‘UCIS’). This information is intended for the sole use of investment professionals falling within article 14 of the Financial Services and Markets Act 2000.

Further information:

Prospective investors and their appointed representatives who are interested in this investment model must seek their own independent financial advice from an appropriate adviser who is authorised and regulated by the Financial Services Authority.

*These figures are estimated returns for illustrative purposes only, actual returns may differ.