ARTICLE · 17 JUNE 2016

Ultimate Beneficiary

KPK Law LLP

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On April 8, 2016, a UK-Cayman Islands exchange of notes was signed regarding the sharing of beneficial ownership information.

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TaxChambers LLP

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Cayman Islands and BVI. On April 8, 2016, a UK-Cayman Islands exchange of notes was signed regarding the sharing of beneficial ownership information. Also on that day, a similar UK-British Virgin Islands (BVI) agreement was entered into. The notes are the same, mutatis mutandis. Articles 2 and 3 of the technical protocol attached to the UK-Cayman Island notes read as follows:

The Government of the United Kingdom has established a comprehensive central register of people with significant control ("PSC register") to be held and maintained by the Companies House. This will be a publicly accessible central register in respect of companies, limited liability partnerships (LLPs) and Societates Europaeae (SEs) incorporated in the United Kingdom. This will be online and searchable free of charge by both name of corporate entity and name of individual. Some PSC information is suppressed from the public central register under exceptional circumstances. All PSC information,

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