PLEASE READ THESE TERMS AND CONDITIONS OF USE CAREFULLY BEFORE USING THIS WEBSITE. By using this Website, you signify your assent to these terms of use. If you do not agree to these terms of use, please do not use the Website. SEI Investments together with its wholly-owned subsidiaries and affiliates (“We”) reserve the right, at our discretion, to change, modify, add or remove portions of these terms at any time. Please check these terms periodically for changes

General Information

This website is maintained and this information is issued by SEI Investments (Europe) Limited (FSA # 191713.) and SEI Investments Unit Trust Management (UK) Limited (196314), 4th Floor, Time & Life Building 1 Bruton Street, London W1J 6TL Both companies are authorised and regulated by the Financial Services Authority (“FSA”). If you would like further information about the FSA, you can access their website at www.fsa.gov.uk.

This password protected website and its contents are directed only at persons who have been classified by SEI Investments Europe Limited and SEI Investments Unit Trust Management (UK) Limited as market counterparties or intermediate customers, for the purposes of the FSA Conduct of Business Sourcebook ("relevant persons"). This website and its contents must not be relied upon or acted upon by anyone who is not a relevant person.

SEI Investments (Europe) Ltd acts as a distributor of SEI Funds, which also includes SEI Global Master Fund plc, SEI Global Investment Fund plc, SEI Global Asset Fund plc, UGTS funds established in Ireland. SEI Unit Trust Funds and SEI OEIC funds will collectively be referred to as “SEI Funds”.

Throughout these terms and conditions SEI Investments (Europe) Ltd and SEI Investments – Unit Trust Management (UK) Ltd will be referred to as “SEI Investments”.

This site is targeted at, and intended for the use of, UK residents only. No offer or invitation is made to any other persons in particular no offer or invitation is made to US persons whether residents of the United States or affiliates of companies incorporated in the U.S.A.

No offer of any security is made hereby. Recipients of the information in this website who intend to apply for shares in any SEI Fund are reminded that any such application may be made solely on the basis of the information contained in the Prospectus. This material represents an assessment of the market environment at a specific point in time and is not intended to be a forecast of future events, or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the funds or any stock in particular, nor should it be construed as a recommendation to purchase or sell a security, including futures contracts.

Important Information about Investing

Past performance is not a guarantee of future performance. Investment in the range of SEI’s Funds is intended as a long-term investment. The value of an investment and any income from it can go down as well as up. Investors may not get back the original amount invested. Additionally, this investment may not be suitable for everyone. If you should have any doubt whether it is suitable for you, you should obtain expert advice.

If the investment is withdrawn in the early years it may not return the full amount invested. In addition to the normal risks associated with equity investing, international investments may involve risk of capital loss from unfavourable fluctuation in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations. Narrowly focused investments and smaller companies typically exhibit higher volatility. Products of companies in which technology funds invest may be subject to severe competition and rapid obsolescence.

Please refer to our latest Full Prospectus, Simplified Prospectus and latest Annual or Interim Short Reports for more information on our funds.

No Warranty

We created this Website for the convenience of our Internet visitors. The information (including text, graphics, and functionality) is presented “As Is” and “As Available” without express or implied warranties including, but not limited to, implied warranties of non-infringement, merchantability and fitness for a particular purpose. We expressly disclaim any liability for errors and omissions regarding the information and materials contained in the Website. Due to the nature of the Internet, we cannot guarantee the accuracy or completeness of the information contained in this Website, information provided via this Website, or its/their suitability for any purpose.

Copyright

The entire content (including text and “look and feel” attributes) of this Website is © 2004 SEI Investments Developments, Inc., or other third party providers. Any commercial use of such content requires the written permission of SEI Investments Developments, Inc., which consent may be withheld in our sole discretion. All rights reserved.

Viruses

Because of the marked increase in the fabrication and proliferation of computer viruses affecting the Internet, we want to warn you about infections or viral contamination on your system. It is your responsibility to scan any and all downloaded materials received from the Internet. We are not responsible or liable for any damage or loss caused by such hazards.

Linked Websites / Frames/ Use

This Website may provide links to other Websites for your convenience in locating related information and services. We do not maintain any of these other Websites and have no control over the organizations that maintain these Websites or the information, products, or services these organizations provide. Although we believe that the information from these organizations is reliable, we cannot guarantee their accuracy, completeness or suitability for any purpose. Accordingly, we expressly disclaim any responsibility for the content of these other websites, the accuracy of the information on these websites and/or the quality of products or services provided by the organizations that maintain them. We do not recommend or endorse these organizations or their products or services in any way. You are prohibited from linking to this Website from any other World Wide Web site, from framing any of the materials on this Website, and/or from suggesting any affiliation or endorsement between us, without our prior written authorization. You may download and print copies of the material contained in this Website exclusively for your own use and in accordance with these terms and conditions. However, you are prohibited from selling; distributing; copying, amending; modifying; posting; transmitting; uploading; or similar action regarding the material in this Website including: graphics; text; content; logos or the like. Further, you are prohibited and will be responsible for any and all of your unlawful use of this Website.

Limitation of Liability

Under no circumstances including, but not limited to, negligence, shall we be liable for any direct or indirect, incidental, special or consequential damages that result from the use of, or the inability to use, the materials in this Website, even if we or our authorized representatives have been advised of the possibility of such damages. In no event shall our total liability to you for all damages, losses, and causes of action (whether in contract, tort or otherwise) exceed the amount paid by you, if any, for accessing this Website. You are solely responsible for your decision to and use of this Website. You shall indemnify and hold us harmless from and against any and all claims, damages, liability and/or costs relating to your or your agents use of this Website.

Age and Responsibility

You represent that you are of sufficient legal age to use this Website and to create binding legal obligations for any liability you may incur as a result of the use of this Website. You agree that you are financially responsible for all uses of this Website by you and those using your login information, including any data aggregation service providers that you have authorized to access your data.

Termination of Access

We reserve the right to terminate, without prior notice to you, your access to this Website in our sole discretion, including without limitation, for overuse or abuse of this Website. The laws of the Commonwealth of Pennsylvania govern this Website in all respects. Any disputes or actions shall be initiated and resolved through Pennsylvania courts. You must destroy all materials or copies of materials obtained from this Website upon termination.

Feedback

While we appreciate hearing from our valued customers, to avoid any misunderstandings, please understand that anything that you send to us, including ideas, suggestions, proposals, etc., will become our property without any right of compensation and you hereby waiver any claim therefore.

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