DISCLOSURE 

This text was prepared by Galapagos Capital and contains proprietary and confidential information and may not be reproduced distributed or duplicated without the express written consent of Galapagos Capital.

Distribution or use by any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or would subject Galapagos Capital or its affiliates to any registration requirement within such jurisdiction or country is prohibited. No information provided herein regarding services shall constitute or be construed as an offer to sell or as a solicitation of an offer to acquire instruments in any jurisdiction where such offer or solicitation is prohibited by law or in which the person making an offer or solicitation is not licensed or registered to do so or to any person to whom such offer or solicitation is contradictory to local law or regulation.

The opinions and information contained in this presentation are provided for informational purposes only. While the data contained herein has been prepared from information that we believe to be reliable, Galapagos Capital does not warrant the accuracy or completeness of such information.

This presentation is intended solely to facilitate your discussion with your Galapagos Capital Group representative. Information about indices or benchmarks is provided for information purposes only. You cannot invest directly in an index, as it does not account for trading commissions and costs. The performance of indices or benchmarks may be materially different from the performance of the Adviser. In addition, our recommendations may differ significantly from the components of any index or benchmarks indicated. Past performance is not a guide to future results, and the value of the investments and the income derived from them can fluctuate and result in a loss of all or part of your investment. The services discussed in this presentation may not be available in all jurisdictions and may not be suitable for all investors. We ask that you contact your Galapagos Capital Group representative to ask questions regarding our services and the information in this presentation.

For information regarding Galapagos Advisory LLC, our U.S. entity’s services, fees, and business practices, please refer to the Form ADV Part 2A Disclosure Brochure filed with the SEC and available at the Investment Advisor Public Disclosure website (www.adviserinfo.sec.gov), or by contacting us.