Estate Planning Guide

Target Dividend Income p.a. Target Capital Growth Actual Annualised Return (1 year to 31 May 2018)* Actual Annualised Return (3 years to 31 May 2018)* Target Access to Capital Actual Average Withdrawal Time Income 4% 4% (fixed dividend) N/A 6 months 8 days Growth with Return 5% 6.1% 6.2% 6 months 22 days Growth with Access 3% 4.4% 4.1% 1 month 18 days Data at June 2018 *Based on compound share price, not including entry or exit fees, but including ongoing fees taken from underlying companies Note: Past performance is not a reliable indicator of future results 117 116 PROVIDERS IN FOCUS PROVIDERS IN FOCUS About the provider Puma Investments is part of the Shore Capital Group, an AIM quoted investment banking group with a 30+ year history of successfully focussing on equity capital market activities, asset management and principal finance. We have offices in London, Edinburgh, Liverpool, Guernsey and Berlin. We have over £800m Assets Under Management. Historically we have focused on tax-efficient investments including VCTs, EIS and BR qualifying offers. Our Estate Planning Solutions In late 2017, Puma Investments launched the first Estate Planning solution to offer investors access to listed and unlisted investments via one service. The Puma Multi-Strategy Estate Planning Service is a portfolio managed service providing access to a range of strategies that intend to qualify for BR. The minimum investment amount is £15,000, and investors can choose to invest in Private Trading Companies, AIM Shares, or a combination of the two, via one service. Private Trading Companies: Invest in companies that have a strong reputation for providing senior secured loans to the real estate sector. Puma acts as the Trading Adviser to Puma Heritage plc, which focuses on secured loans that are underpinned by real estate, at conservative loan to value ratios. The investment strategy offers the opportunity to deliver steady returns to investors with the benefit of downside protection. About the provider Founded in 1999, Oxford Capital is an experienced investment manager specialising in tax efficient investments. We have raised and invested more than £390m. We have three specialist investment strategies – Venture, Infrastructure and Media. The capital we invest is raised predominantly from private individuals, but we also manage capital on behalf of family offices, endowments, pension funds and other institutional investors. We take our investment responsibilities seriously and we have built our in-house expertise and strategic partnerships accordingly. The investments within the Oxford Capital Estate Planning Service (EPS) are managed by our Infrastructure investment team. This team specialises in long-term, asset-backed investment and financing that meets the criteria for Business Relief qualification. We also currently offer EIS investments in small UK companies, with a particular focus on technology. Our Estate Planning Solutions The service invests in real companies that offer the potential to deliver stable and predictable returns, while qualifying for the tax reliefs. These are active trading companies which, for example, operate in sectors helping the UK towards AIM Shares: Investments are selected on strict valuation criteria, with a focus on defensive growth. The team invests in quality companies with strong margins, good returns and a track record of cash generation. Allows investors to mitigate IHT while retaining the benefits of an ISA. www.pumainvestments.co.uk www.o xcp.com 95.00 97.00 99.00 101.00 103.00 105.00 Dec - 13 Mar - 14 Jun - 14 Sep - 14 Dec - 14 Mar -15 Jun - 15 Sep - 15 Dec - 15 Mar - 16 Jun - 16 Sep -16 Dec - 16 Mar - 17 Jun - 17 Sep - 17 Dec - 17 PUMA HERITAGE PLC NAV PERFORMANCE FOR GROWTH SHARES SINCE LAUNCH Optional Life protection Investors have the option to protect themselves from IHT during the initial two year holding period. Puma Investments has taken out a master policy to provide investors with the peace of mind that should they die within two years of their investment in the portfolio, an amount equal to 40% of the investment will be paid (subject to terms and medical exclusions). SOURCE: PUMA INVESTMENTS, FTSE INTERNATIONAL FTSE AIM All Share Index Puma AIM IHT Portfolio AIM SHARES: PERFORMANCE GRAPH OF THE PUMA AIM IHT SERVICE PORTFOLIO 80.0 140.0 100.0 160.0 120.0 180.0 Apr - 14 Aug - 14 Dec - 14 Apr -15 Apr - 16 Apr -17 Aug - 15 Aug - 16 Aug - 17 Dec - 16 Dec - 16 Dec - 17 Past performance is no guarantee of future results 165.8 133.6 achieving energy independence and addressing the UK housing crisis. Security and risk mitigation are core to our philosophy, so all our investments are asset- backed and offer reliable returns. Our approach is conservative, but we seek to deliver real, inflation beating, returns, so there is no need to make a choice between tax planning and investment return. The EPS can provide investors with the flexibility and control that allows them to efficiently deal with the unpredictable nature of their circumstances as they age; the EPS allows advisers and their clients to select their underlying investment strategy based on the need for income, faster access to capital and the potential for higher returns through the availability of three core investment options that can be combined for even greater flexibility (making five in total). The core investment options are Growth with Access (3% annual targeted return), Growth with Return (5% annual targeted return) and Income (4% annual dividend). We were one of the first in the market to offer the dividend option and are still one of only a very small number of providers doing so. The ability to switch between options as investor’s needs evolve, removes the risk of having to exit and reinvest. This can be expensive and time-consuming, and if an investor dies in between BR investments, the relief is lost. Disclaimer: The Estate Planning Service invests in unquoted securities. Capital is at risk. Tax treatment depends on an individual’s circumstances and may be subject to change in the future. Puma Investments is the trading name of Puma Investment Management Limited (FRN 590919) which is authorised and regulated by the FCA. An investment in this service can be viewed as high risk and the value may go down as well as up. Past performance is not a guarantee of future performance. Investors should refer to the investment Details and Investor Agreement. Oxford Capital Estate Planning Service (EPS)