What is the minimium and maximum amount that I can invest?

The minimum amount of investment is €10,000 and the maximum amount is €150,000 per investor per annum. So if a husband and wife are both earning, they could invest up to €300,000.

At what rate?

Available at top rate if the taxpayer has income fixed at that rate.

How long is the term of investment?

The minimum investment peiod is 5 years from the date the fund invests in the respective companies. It is anticpiated that the fund will distribute between year 5 and 6.

Why Invest in BES?

The 2007 Finance Act significantly strengthened the Business Expansion Scheme: Investors can qualify for tax relief on investments up to a maximum of €150,000 meaning BES can fully satisfy most taxpayer’s total shelter needs; BES is one of the few sources of Total-Income-Relief available. BES relief is available in full, in the year in which the investment is made. Funds are only committed for 5 years. The Investor’s exposure is limited to the up-front equity investment. The Investor does not need to have recurring tax exposure for a number of years. The increase to €2m per Investee Company allows more resources into structuring deals.

How much will my investment cost me?

A commision of 3.5% will be payable by Investors on the amount of and in addition to their subscriptions at the date of application.

How do I subscribe to the Fund?

• You must read and agree to be bound by the terms and conditions as outlined in the Prospectus and as described in sections (i) through (ix)on page 26 of the Prospectus.
• Complete the Application Form and submit it to Quintas Wealth Management Ltd. by the Closing Date.  
• Completed application forms must be accompanied by a personal cheque or bank draft drawn on an applicant's own bank account payable to IFG Trust Company Ltd a/c 2008 Quintas BES Fund for the amount of the subscription plus the commission (3.5% of the subscription amount). To ensure compliance with the Criminal Justice Act 1994 the completed Application Form must be accompanied by the following – 1. Certified copy of the applicant's current passport or current driving license (i.e. a copy which has been signed, stamped and dated by a Solicitor, Commissioner for Oaths, Garda, Accountant or Bank Manager as evidence that the photocopy supplied is a true copy of the original) 2. Original or certified copies of two different forms of proof of address which are not more than 6 months old and bears the name and address of the applicant. Acceptable forms of proof of address are bank statements or recent utility bill (electricity, gas, telephone or mobile phone). The Manager reserves the right to refuse any application which is incorrectly presented or fails to comply with the provisions contained in the Prospectus without liability for interest and any resulting loss or damage.

What are the risks associated with BES Investment?

As with any equity investment, Investors are at risk of the possible loss of the full amount of equity invested in any individual Investee Company, should that company suffer commercial failure during the period of investment. Even in successful private companies (i.e. unquoted), there may be limitations on the saleability of their shares. Taxation relief granted to Investors under the provisions of the Business Expansion Scheme may be lost if an Investee Company ceases to be a Qualifying Company engaged in a Qualifying Trade. The Portfolio effect of a BES fund and the increased individual investment which can be made in each qualifying company means far greater resources can be utilised in managing the fund and structuring investment deals, thus mitigating some risks to an extent.

What is the term of my investment?

Five years from the date on which the final shares are issued.

Who is the Manager of the Fund?

The Fund is managed by Quintas Wealth Management, a private company established for the purpose of managing a Designated Investment Fund.

Who is the Trustee to the fund?

The investment strategy is to invest in companies where the Manager is reasonably satified with: Strong profile of existing management and shareholders - legally and commercially committed. History of strong performance and/or benchmark company. High proposed shareholding percentage to minimise risk of loss of funds invested. Readily available enforcable exit - typically by Put and Call Option with parties of financial strength. Appropriate legal agreements in place with Investee Companies and related parties. Significant spreading of risk across portfolio.

Will I get shares in each Investee Company?

The trustees will be the registered shareholder for all BES shares issued by Investee Companies and shall hold the shares on behalf of hte individual Investors. After the entire fund has been invested in eligible shares, each Investor will be provided with a statement giving particulars of the nature and number of shares held on their behalf.

Will I recieve performance updates on my investment?

Throughout the life of the Fund the Manager will prepare and circulate half yearly performance reports for the period ending 30th June and 31st December. This document will provide feedback in a consistant format and will outline key financial and operational information on each investment. The first report for the 2008 Fund will be made in respect of the period ending 30th June 2009. Audited Financial Statements for the Fund to 31st October of each year will be made available to Investors as soon as is practical after the year end.

Can I transfer or realise my investment early?

Investors in the Fund shall not be entitled to require any particular share to be either realised or transferred into his name before expiration of the Minimun Investment Period (five year from the date on which the final shares are issued).

What is the exit process for my Investment?

The Manager will co-ordinate the Exit of the Fund after expiration of the Minimum Investment Period. In most cases, the Exit will be governed by a Put and Call Option Agreement but various other transactions may also result in a partial or complete or exit depending on the circumstances ar exit (e.g. share redemption by the Investee Company, sale to a third part or public issue, etc.)