Sure Ventures (SURE) Ordinary Shares

Sure Ventures PLC is a United Kingdom-based venture capital fund which invests in early-stage software companies in the rapidly growing technology areas of artificial intelligence (AI), augmented reality (AR), virtual reality (VR) and the Internet of things (IoT). The Company's investment objective is to achieve capital growth for investors. The Company may invest directly in investee companies or obtain exposure to such companies through investment in collective investment vehicles, including the fund and any further funds, which have investment policies that are complementary to that of the Company. It is intended that the Company would ordinarily acquire a significant interest, consisting generally of between 20% and 50% of an investee company's equity capital. The Company will not seek to invest directly in quoted companies. No single investment of the Company will exceed 15% of net asset value. The Company's investment manager is Shard Capital AIFM LLP.

The investment policy of the Company is to seek exposure to early stage technology companies, with a focus on software-centric businesses in three chosen target markets: Augmented reality and virtual reality; Financial technology; The internet of things. The Company may invest directly in investee companies or obtain exposure to such companies through investment in collective investment vehicles, including the Suir Valley Ventures (a sub-fund of Suir Valley Funds ICAV) and any further funds, which have investment policies that are complementary to those of the Company.

• Ongoing charge1.25%
• Annual management charge -
• Performance feeYes

A management fee payable quarterly is 1.25% p.a. of the NAV payable quarterly. A performance fee equal to 15% of any excess returns over a high watermark to a hurdle rate of 8%.