1INFORMATION MEMORANDUM PROFESSIONAL INVESTORS

J&O GLOBAL FORESTRY INVESTMENT FUNDSUSTAINABLE AND DIVERSIFIEDTIMBER INVESTMENTS

J&OASSET MANAGEMENT

www.jo-am.com

2

INFORMATION MEMORANDUM

FOR SHARE CLASS A AND C IN THE ALTERNATIVE INVESTMENT

FUND J&O GLOBAL FORESTRY INVESTMENT FUND LTD

PUBLISHED IN SEPTEMBER 2014

This information memorandum has been prepared in accordance with the requirements set forth in the Alternative Investment Funds Managers Act (2013:561) (”LAIF”), which is the Swedish implementation of the directive on alternative investment fund managers (2011/61/EU), and the Swedish Financial Supervisory Authority’s regulations regarding managers of alternative investment funds (2013:10).

The information memorandum has not been approved by or registered with the Swedish Financial Supervisory Authority pursuant to the Swedish Financial Instruments Trading Act (1991:980). Accordingly, the shares may only be offered in Sweden in circumstances that will not result in a requirement to prepare a prospectus pursuant to the Swedish Financial Instruments Trading Act.

J&O GLOBAL FORESTRY INVESTMENT FUND

This document provides you with information about this fund. It is not marketing material and does not constitute investment advice. The information is required by law to help you understand the nature and the risks of investing in this fund. You are advised to read it so you can make an informed decision about whether to invest. For further information regarding the fund, please see the prospectus which is available at www.jo-am.com.

Please note that only applications from insurance companies, banks, funds, professional investment managers, financial advisors and other regulated bodies or other professional investors are accepted for share class A shares and share class C shares of the fund.

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J&O GLOBAL FORESTRY INVESTMENT FUND

We live in extraordinary times that require new approaches toasset management. As an independent timber investment promoter, J&O Global Forestry Investment Fund is committed to focus fully on one asset class; managed forest land.

Managed forest land is a unique investment. It has a long andwell-proven track record of producing outstanding returns based on real assets. But that is not all. Unlike many other investments it also assists in preserving natural forests and is an excellent CO2 binder.

J&O Global Forestry Investment Fund gives the investor the opportunity to invest in three different forest regions represen-ting different characteristics: South America Europe and North America.

35% EUROPE

15% NORTH AMERICA

50% SOUTH AMERICA

SINCE THE BEGINNING OFTHE 20TH CENTURY TIMBERHAS OUTPACED THE S&P 500.

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WHY TIMBER INVESTMENTS?

Drivers of timber returnsThe equation of the annual return from a managed forest estate is simple: [Timber price x Harvested timber volume = Annualreturn]

As with all other commodities, the price of timber is driven by simple supply and demand factors. The megatrend towards a more sustainable world suggest demand for forest products for energy, construction and new materials will even increase. The other part of the equation, timber volume, comes from thinning and harvesting and this is something we can control. The better we manage the forest land, the higher the output in terms of vo-lume it will produce. Any forest produces three different kind of raw materials: timber being the obvious one, but also pulp and biofuel made of smaller trees and branches. All together they represent three different commodity markets.

Just like any other real asset we expect to see a value increasein the forest land due to the fact that “they simply don´t makemore of it”.

[Forestland purchase price – forestland selling price = profit] When we take both the annual return and the profit from selling the asset into account, forestland has outperformed most other asset classes with an annual return of 8–15% depending on region and period. The reason is simple: Forest grows.

DRIVERS OF TIMBER RETURNS

Source: Forest Investment Assoc., National Council of Real Estate Investment Fiduciaries 2008

100%

75%

50%

25%

0

TIMBER PRICE

LAND PRICE

BIOLOGICAL GROWTH61%

33%

6%

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WHY TIMBER INVESTMENTS?

Competitive Investment ReturnsAlthough past performance is not a sign to future performance, timber investment returns have performed well against global equity markets.

Low correlation to stocksTimber investments have shown to produce competitive returns while offering low correlation to financial assets like stocks and mutual funds. Timber is also a proven inflationary hedge.

AVERAGE ANNUALISED RETURN BETWEEN 1987–2010

CORRELATION WITH INFLATIONON OF DIFFERENT ASSET CLASSES 1960-2012

TIMBERLAND

U.S. T-BILLS

INTERMEDIATE GOVT BONDS

LONG-TERM GOVT BONDS

CORPORATE BONDS

SMALL CAP STOCKS

S&P 500

0.4 0.3 0.2 0.1 0 0.1 0.2 0.3 0.4 0.5 0.6 0.7NCREIF

TIMBERLANDFTSE 100 DOW JONESNIKKEI 225

12%

10%

8%

6%

4%

2%

0%

Source: National Council of Real Estate Investment Fiduciaries 2013 Source: National Council of Real Estate Investment Fiduciaries 2013

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UNLIKE GOLD, STOCKS OR REAL ESTATE FOREST GROWS.

WHY TIMBER INVESTMENTS?

Environmental and SustainableWorldwide forests, at four billion hectares (31% of total land area) play an important part in climate change mitigation. Sustained pressure from international organisations, govern- ments and climate change groups has substantially decreased the rate of deforestation. As a result the net loss of forest area was reduced to 5.2 million hectares per year between 2000 and 2010, down from 8.3 million hectares annually in the 1990s.

The rise of plantation forests has helped to reduce this rate. There are approximately 140 million hectares of plantation for- ests worldwide. Over 80% of these forests are production driven. Plantation forests have been increasing by an average 2% annu- ally, mostly created for wood production. Over a third of the world´s industrial wood is sourced from these forests.

Proper long-term forest management, which amongst other activities include re-forestation and setting off protected areas, maintains the natural conifer forests of the Northern hemisphere.

Portfolio DiversificationTimber investments have a low or negative correlation to several traditional asset classes. Asset allocation has evolved in recent years to reduce portfolio volatility; timber investments provide excellent diversification.

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INVESTMENT STRATEGY AND POLICY

The fund has a long-term asset allocation target compromising of a 50 % allocation to productive forest land in South America, primarily large sustainably managed teak plantations. Teak offers great cashflow income to the fund as it is a fast growing and highly demanded forest resource. Another 35 % of the targeted allocation is invested in European forest land, primarily in Eastern Europe. This forest land offers a lower annual cashflow but a higher potential yield from the value increase of the forest land. The remaining 15 % are invested in forest-related indices and REITs (Real Estate Investment Trusts) based on North Ame-rican timber, thus providing the fund a further diversification as well as a source of liquidity as these are listed products. The assets of the fund can be invested in transferable securities and through direct investments in forest.

Forest, unlike most assets, has the built in quality of biological growth. That is also why forest as an asset has outperformed almost every other asset class over time with an annual average return of 12,2 % since 1992.1The targeted annual return of the fund is 10–12 %. The return for 2013 was 13,1 %.

1) Forest Investment Association.

50% Direct ownership of managed teak plantations.

15% Indirect ownership of managed natural and plantation US forest of various kinds. Mainly pine and spruce.

35% Direct ownership of managed natural European forest. Mainly pine, spruce, birch.

PORTFOLIO OF FOREST TYPES

50%

35%15%

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TEAK IS ONE OF THEMOST VALUABLE WOODSIN THE TIMBER MARKET.

WHY TEAK INVESTMENTS IN BRAZIL?

The Fund has a target investment level of 50% into forestplantations in Brazil.

Research methodology on preferential species has indicated teak as not only a strong and valuable asset, but versatile and high in carbon sequestration. Our team of investment and forestry professionals believe these characteristics are highly advanta-geous for continued demand for teak.

50%DIRECT OWNERSHIP OF MANAGED TEAK PLANTATIONS

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WHY TEAK INVESTMENTS IN BRAZIL?

PriceOpen market value of teak has steadily increased over the past 20 years. It is one of the most valuable woods in the timber mar-ket. According to the International Tropical Timber Organisation, teak price has grown 6.75% per annum from 2003 – 2013.

Strength Its unique physical and mechanical properties makes teak a superior species for the Timber market. It can withstand even the most challenging weather conditions due to its natural oil content. Furthermore, teak trees are highly fire resistant and resistant to acids, insects and fungus.

Versatility A multitude of uses, the wood is excellent timber for bridge building and other water exposed construction activity (docks, quays, piers). For the housing construction industry, teak is par-ticularly used for interior and exterior joinery and also wood flooring. Additionally, the majority of boat decking is teaktimber.

Carbon Sequestration Carbon is removed from the atmosphere and stored in the wood at very high levels.

FORESTS PLAY A KEY ROLE INCLIMATE CHANGE MITIGATION.

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10

WHY BRAZIL?

Politically Stable A stable political environment has helped the Brazilian economy to thrive in recent years. In 2010, Dilma Rouseff became the first female president in the history of the country. She is following her predecessor, President Luiz da Silva’s platform of social and economic reforms. On her arrival to office, Ms Rouseff promised to eliminate extreme poverty and continue a sustainable deve-lopment approach.

Strong Economy Brazil’s economy grew 7.5% in 2010, its fas-test expansion in 24 years. The economy has slowed in 2011, but still produced a healthy 2.7% growth. In 2010, the Brazilian economy was worth $2.09tn, compared with the UK’s $2.25tn total output, in cur-rent US dollars, according to the International Monetary Fund. However, according to the National Institute of Economic and Social Research (NIESR), using the IMF’s figures at current ex-change rates, Brazil’s economy is now $2.52tn and the UK’s is $2.48tn, making it the sixth largest in the world. Its high GDP growth alongside the strength of the Real, has delive-red this result much sooner than anticipated and ahead of the United Kingdom and France respectively.

Brazil has an impressive calendar of international events, hosting both the 2014 FIFA World Cup and the 2016 Olympic Games.

Excellent Climatic Conditions The Brazilian timber investments are located in Para, North East Brazil. Para has a tropical rainforest climate, allowing excellent conditions to grow and harvest teak.

Environmentally Conscious Following the Kyoto Protocol, Brazil has vowed to reduce de- forestation by 80% in 2020. Forests in Brazil cover approximately 524 million hectares (61.5% area sur-face) of natural and plan-ted forests − surpassed only by Russia. With the Amazon rain-forest contributing to approximately 40% of the world´s oxygen levels, the need for the government and the timber industry to utilise sustainable forestry is pressing.

Source: Value Stock Guide 2013

8%

7%

6%

5%

4%

3%

2%

1%

0%

-1%-01 -02 -03 -04 -05 -06 -07 -08 -09 -10 -11 -12 -13

BRAZIL GBP CHANGE 2001-2013

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FOREST LAND IN EASTERN EUROPE IS STILL UNDERPRICED.

WHY INVEST IN BOREAL FORESTS IN EUROPE?

In line with our strategy to diversify our forestry portfolio the fund´s targeted allocation of forest assets in Europe is at 35% of the assets. Europe is quite the contrary to South America. Whereas South America has vast land areas, Europe is densily populated and has smaller areas of forestland. Additionally, the managed forests in Europe are natural forests, not plantations as in South America. The local market in Europe is close and strong due to the high level of industrialisation.

J&O Global Forestry Investment Fund invests within the EU in countries with large areas of boreal forests, primarily in the Baltic States and Eastern Europe. The investments are done through local forestry funds with direct forest holdings such as Baltic Forest Fund and European Forest Fund as well as direct investments into forest land.

35%DIRECT OWNERSHIP OF MANAGED NATURAL EUROPEAN FOREST. MAINLY PINE, SPRUCE, BIRCH.

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WHY INVEST IN BOREAL FORESTS IN EUROPE?

Political StabilityIn Europe we only invest within the EU, thus lowering the politi-cal risk substantially. Although Russia is a large forest producer, foreign ownership is not possible, thus Russian forestry is not part of the portfolio.

Close to IndustriesEurope is dense with forestry industries like sawmills and pulp factories. The raw material is cheap and not worth shipping from countries far away. Two thirds of industrial wood is sourced from natural forests.

Bioenergy DemandThe EU has set a target of 20% bioenergy use by 2020. Most countries within the union need to increase the use of bioenergy to meet this demand. Using forest products from European forests is by far the easiest way to do this, for instance by converting coal power plants to bio-energy plants. This creates an increa-sed local demand for forest products.

Excellent Historic ReturnsHistorically, forestland in Europe has had a tremendous de-velopment in terms of value increase. Land being an ever more scarce resource in a ever more poulated and industri-alised corner of the world has pushed the price of forest land. For the last 20 years, forest land in the largest forest nations in Europe have increased by 16% per annum while leaving a 3–4% annual direct return from managing the forest. DEMAND FOR BIOENERGY

WITHIN THE EU ISINCREASING SHARPLY.

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WHY INVEST IN TIMBER REITS?

To invest in forest land in the US we use so called REITs, listed Real Estate Investment Trusts that own and manage US forestland. Another benefit of using this investment tool is that it provides fast liquidity to the fund, necessary to make fast investments or to meet redemptions.

There are five available Timber REITs, Weyerhaeuser Co. (WY), Plum Creek Timber Co. (PCL), Potlatch Corp. (PCH), Catchmark Timber Trust (CTT) and Rayonier (RYN). These stocks are the only way individual investors can invest in US timberlands without going out and buying their own timberland acreage. These stocks also stand to see marked improvements in income and cash flow going forward as housing rebounds.

The five Timber REITs on the market have all had an excellent and solid value growth.

15% 15% INDIRECT OWNERSHIP OF U.S. FOREST THROUGH TIMBER REITS

10 YEAR RETURNS OF TIMBER REITS

660

Forisk Timber Reit (FTR) Index

560

460

360

260

160

60

9/3/2

004

9/3/2

005

9/3/2

006

9/3/2

007

9/3/2

008

9/3/2

009

9/3/2

010

9/3/2

012

9/3/2

013

9/3/2

014

Source: forisk.com

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SHARE CLASSES AND FEES

CostsCosts are charged in the form of management and incentive fees to J&O Asset Management Ltd. for the management of the fund. In addition, costs are charged for other costs of the fund, including compensation to the board, administration, audit, depositary, legal costs and out of pocket expenses.

SHARE CLASS A B C D

SHORT NAME ”Insurance Company Class” ”Platform Class” ”Private Banking Class” ”Retail Class”

INVESTOR TYPE Professional Non-professional Professional Non-professional

MINIMUM INVESTMENT 5 000 EUR 50 000 SEK 100 000 EUR 50 000 SEK

CURRENCIES

SEK BMG4988Y1488 BMG4988Y1975 BMG4988Y2056 BMG4988Y2544 NOK BMG4988Y1892 BMG4988Y2478 EUR BMG4988Y1553 BMG4988Y2130 GBP BMG4988Y1637 BMG4988Y2213 USD BMG4988Y1306 BMG4988Y2395

ANNUAL FEE 1,50% 1,00% 1,00% 2,00%

PERFORMANCE FEE 15% 20% 10% 20%

REDEMPTION FEE 5-0%1 0% 0% 6-0%2

REDEMPTION Quarterly Quarterly Quarterly Quarterly

REDEMPTION NOTICE 60 days 60 days 60 days 60 days

SUBSCRIPTION Monthly3 Monthly3 Monthly3 Monthly3

SECONDARY MARKET No Yes4 No Yes4

1) Redemption within first 12 months 5% fee will be levied. Redemption after one year 4%, two years 3% etc. down to 0% after 5 years.

2) Redemption within first 12 months 6% fee will be levied. Redemption after one year 5%, two years 4% etc. down to 0% after 6 years.

3) Seven days before month’s end.

4) Shares can be redeemed by the fund or sold on the secondary market which is LxSE.

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RETURNS PAST RETURNS

The graph below shows the past returns in Swedish kronor (SEK). The return is calculated based on that dividends are inve-sted in the fund. Inflation is not reflected in the calculations. The returns are disclosed after deduction of tax and fees. Subscrip-tion and redemption fees, if applicable, are not included. The net asset value (NAV) is published monthly on the webpage of the fund, www.jo-am.com, and on bloomberg.com. Past returns are not a guarantee for future returns. The fund was established in 2005, but has been under management of the current invest-ment manager since mid 2012.

Financial leverageThe fund may, according to the prospectus of the fund, use fi-nancial leverage as a part of the investment emphasis to gene-rate returns. The fund does not intend to use financial leverage in the management of the assets.

1 200

1 000

800

600

400

200

2005-07-0

1

2006-02-0

1

2006-09-0

1

2007-04-0

1

2007-11-0

1

2008-06-0

1

2009-01-0

1

2009-08-0

1

2010-03-0

1

2010-10-0

1

2011-05-0

1

2011-12-0

1

2012-07-0

1

2013-02-0

1

2013-09-0

1

2014-03-0

1

2014-08-3

0

-2,5

-2,0

-1,5

-1,0

-0,5

0,0

0,5

1,0

1,5

2,0

2,5

3,0

3,5%

JAN FEB MAR APR MAJ JUN JUL AUG SEP OCT NOV DEC

Class A Class C

PERFORMANCE CLASS A AND C 2013

Period under current investment manager.

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INVESTMENT RISK

Risk profile of the fundThe fund strives for the fund’s average risk level, measured as an annual standard deviation over a rolling 12-month period, to amount to 0-5 %. It should be particularly noted that the average risk level strived for may be higher or lower upon unusual market conditions or extraordinary events.

Physical RisksInvesting in forest land naturally carries physical risks like fire, storm, insects, disease and theft. All these risks are traditionally covered by insurance policies.

Economic RisksThe price of forest products like timber, as well as the price of forest land, are determined by supply and demand factors outside the fund´s control. The investor may be exposed to a currency risk depending on investment

currency.

Political RiskThe Fund invests in Brazil for its stable government and healthy eco-nomy, relative to other teak growing locations like Sri Lanka. The Fund´s boreal forest investments are held within the EU or in the US, thus redu-cing the political risk.

Limited LiquidityAn investment in the Fund is suitable for certain sophisticated investors who have no immediate need for liquidity in the investment.

Financial LeverageThe fund may, according to the prospectus of the fund, use financial leverage as a part of the investment emphasis to generate returns. The fund does not intend to use financial leverage in the management of the assets.

THE FUND IS A NON-LEVERAGEDLOW RISK FUND INVESTING INTOREAL ASSETS.

16

17

FORESTRY INVESTMENT IS ANEFFICIENT WAY TO REDUCE THECARBON PRINT IN THE WORLD.

ASSET SECURITY

SUSTAINABLE AND ETHICAL

Forests grow regardless of financial market turmoil. That in it-self is very reassuring. In order to not add unnecessary financialrisks to the investment, it is not in the Fund´s strategy to employleverage, i.e. to borrow money from banks to invest. For the Fund´s Brazilian and European investments it aims to invest in sub-funds with non-leveraged direct forest ownership. This provides the investment with solid backing of the underlying real asset.

Investments into forestry are among the most efficient ways toreducing the carbon print in the world, as forests are the largestCO2 binders.

Unlike investments into regular share trading funds, or listed shares, where it is always a problem to guarantee ethical and social responsiblity at all levels, forest management is far moresimple. As part of the investment prerequisites we demand thatthe underlying funds support the local communities, be it in Brazil or the Baltic States through education and use of properwork codes.

17

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SUBSCRIPTION AND REDEMPTION OF SHARES

Subscription and redemptionSubscription (shareholder’s subscription) can take place on the first business day3 in each calendar month (“Subscription day”). Redemption (shareholder’s redemption) can take place at the beginning of each quarter (“Redemption day”).

The shareholder shall notify the fund or part designated to act on behalf of the fund that subscription shall be made and in what amount. The subscription notice shall be made on a form provided by the fund set out at the back of the prospectus, accompanied with funds wired for the sum to be invested.

Duly completed applications received and accepted by the fund are irrevocable. The fund reserves the right to reject and return any application and remittance if it considers it appropriate and not to accept further remittances until such time as it thinks fit. All applications are subject to anti-money launder provisions.

The minimum amount to be invested in share class A is 5.000 EUR or the SEK, USD, NOK or GBP equivalent and for share class C 100.000 EUR or the SEK, USD, NOK or GBP equivalent.

The notice for subscription of shares should be sent by courier or facsimile to:

J & O Alternative Investment Fund Ltd.,c/o Apex Fund Services (Ireland) Ltd, 1st Floor, Block 2, Harcourt Centre, Harcourt Street, Dublin 2, IrelandFax number: +353 1 948EmaiL: JO@apexfunds.ie

Only applications from insurance companies, banks, funds, professional investment managers, financial advisors and other regulated bodies or other professional investors are accepted for share class A shares and share class B shares.

Any redemption notice should contain the following informa-tion: the exact name and address of the person requesting redemption, the number of shares to be redeemed and the name of the person to whom payment is to be made.

Time of subscription and redemptionThe subscription notice and payment for the shares shall have been received by the fund no later than seven bank days before Subscription day. Should the notice arrive at the fund later than seven bank days before Subscription day or if payment is not available within the stipulated time, the fund shall carry out the request on the next Subscription day for the fund.

The redemption notice shall have been received by the fund not later than 60 days before Redemption day. Should the request arrive at the fund later than 60 days before Redemption day, the fund shall carry out the request on the next Redemption day. Redemption day is on 1 January, 1 April,1 July and 1 October each year.

Subscription and redemption feeThe subscription and redemption fee is calculated pursuant to what is stated in the prospectus of the fund.

OtherThe net asset value (NAV) of the fund is published on the fund’s website, www.jo-am.com, and on bloomberg.com.

3) ”Business day” means any day normally treated as a business day in the Islands of Bermuda, New York and London.

19

LEGAL

ValuationThe fund’s value is calculated monthly by deducting the liabili-ties related to the fund from the fund’s assets.

The fund’s assets are comprised of: - Financial instruments.- Cash and cash equivalents.- Accrued interest.- Accrued dividends.- Unliquidated sales.- Other assets and receivables related to the fund.

The fund’s liabilities are mainly comprised of: - Compensation to directors of the fund and delegates.- Compensation to the custodian.- Unliquidated purchases.- Tax liabilities.- Other liabilities related to the fund.

The fund’s assets are valued at the current market value. Please see the prospectus of the fund for more information relating to the valuation principles of the fund.

Own funds or professional indemnity insurance to cover potential liability risksThe fund will not have any funds or hold a professional indem-nity insurance to cover potential professional liability risks re-sulting from the activities of the fund within the meaning of the Alternative Investment Funds Managers Act (2013:561) (“LAIF”). However, the fund and the investment manager of the fund holds professional indemnity insurance and insurance for directors’ and officers’ liability.

Delegation and other parties involved in the fundInvestment management:J & O Asset Management Ltd. has been appointed as the invest- ment manager of the fund.

Custodian:Mangold Fondkommission AB has been appointed as the custodian of the fund.

Fund-administration, registrar and transfer agent:Apex Fund Services Ltd has been appointed as administrator of the fund.

The administrator shall perform all general administrative tasks for the fund, including the preparation of valuations, keeping of financial records and acting as registrar and transfer agent.The administrator has delegated certain of its administrative functions to another office of the administrator, Apex Fund Ser-vices (Ireland) Limited.

Conflicts of interestThe fund has not identified any particular conflicts of interests in relation to its delegates or other parties of the fund, please see further in the prospectus of the fund.

20

Amendment of the by-laws of the fundThe bye-laws of the fund may be amended from time to time by resolution of the board of directors of the fund, but subject to approval by resolution provided that no such amendment shall affect the special rights attaching to any class and/or series of shares without the consent or sanction provided for in the bye-laws in relation to variation of rights. The changes may affect the fund’s characteristics, such as fees and risk profile.

Equal treatment and legal consequences of an investment in the fund All shareholders in the fund are treated equal meaning that the shares in each share class are equally large and entail equal rights to the assets of the fund. The fund is registered in Bermuda and falls under Bermuda ju-risdiction. A judgment obtained in superior courts of a territory to which the Judgments (Reciprocal Enforcement) Act 1958 applies would be enforced by the Supreme Court of Bermuda without re-examination of the merits of the case provided that: (i) the judgment is final and conclusive; (ii) has not been given on appeal from a court which is not a superior court; and the judgment has been duly registered in the Supreme Court of Bermuda in circumstances in which registration is not liable to be set aside. If the Act is not applicable a final and conclu-sive judgment of a foreign court under which a sum of money is payable may be subject to enforcement proceedings in the Supreme Court of Bermuda under the common law doctrine of obligations by action on the debt evidenced by the foreign court judgment.

The liability of the shareholders is limited to the amount unpaid on the shares in respect of which he is liable. Typically, the sha-res of a fund are fully paid and therefore would not have to pay additional sums.

Information about the fundThe fund will, in its annual report, provide shareholders of the fund with information on:- the share of non-liquid assets in the fund, - changes to the fund’s liquidity management, and - the fund’s current risk profile and the risk management

system applied.

The fund will not use financial leverage in the management of the fund and information relating to financial leverage will not be provided to the shareholders.

Annual reportThe fund will submit an annual report for the fund within six months of the end of the financial year.

The annual report will, upon request from the shareholder, be available for shareholders.

21

KEY BENEFITS SYNOPSIS KEY FACTS

Portfolio DiversificationWith a low correlation to several equity and bond markets, the Fund can offset stock and bond market volatility.

Flexible ExitPossibility to invest into real assets that traditionally are illiquid with an exit possibility.

Preserving Nature Reducing further deforestation through sustainable timber plantations.

Excellent Track record Managed forestry has historically produced returns far above most stock markets in the range of 12–14% annually. The reason is simple: Unlike gold or real estate forest grows. The fund performed 13.1% (Class A) in 2013.

The fund J&O Global Forestry Investment Fund Ltd. The fund is an internally managed alternative investment fund

Regulators Bermuda Monetary Authority and Finansinspektionen, the Swedish Financial Authority

Fund administrator Apex Fund Services Ltd

Bank Swedbank and HSBC

Auditor KPMG

Custodian Mangold Securities

Depositary The fund has not appointed a depositary within the meaning of the Alternative Investment Funds Managers Act (2013:561) (“LAIF”)

Currency EUR, SEK, USD, GBP and NOK

Buy Monthly

Sell Quarterly

J&OASSET MANAGEMENT

www.jo-am.com