UK Agricultural Land Cell Class A SEDOL: B2PZFN1 ISIN: GG00B2PZFN11 Student Accommodation Cell Class B SEDOL: B64Y2R0 ISIN: GG00B64Y2R01 UK Agricultural Land Cell Class B SEDOL: B66P9C5 ISIN: GG00B66P9C53 Braemar Group PCC Limited Application pack
Notes on completing the Application Forms How to invest Please refer to the Notes on the following page when completing the Application Form(s). Use of these forms Please use these Application Forms to apply for Shares in one or more of the following Cells of Braemar Group PCC Limited: Name of Cell SEDOL number ISIN number UK Agricultural Land Cell Class A B2PZFN1 GG00B2PZFN11 Class B B66P9C5 GG00B66P9C53 Student Accommodation Cell Class B B64Y2R0 GG00B64Y2R01 Please ensure that you have read the Information Memorandum dated 14 September 2015 in respect of the UK Agricultural Land Cell and the Information Memorandum dated 11 March 2013 in respect of the Student Accommodation Cell, as appropriate, for which you are making this application before completing and returning these Application Forms. Copies of each Information Memorandum and the latest copy of the Financial Statements of the Company are available by download from www.brooksmacdonald.com/funds or from Brooks Macdonald Funds Limited, whose address is set out in the Note F Other information section of this application pack. Definitions used in these Application Forms are consistent with those used in each Information Memorandum. Anti-money laundering regulations The Fund, Promoter and Administrator are required to comply with applicable laws, rules and regulations regarding countering financial crime and terrorist financing, in particular, The Criminal Justice (Proceeds of Crime) (Financial Services Businesses) (Bailiwick of Guernsey) Regulations, 2007 (as amended) and The Terrorism and Crime (Bailiwick of Guernsey) Regulations, 2007 (as amended) and under these regulations are required to be satisfied as to the identity of all beneficiaries*/underlying principals** of all investments made in the Cells. Neither the Fund nor its agents accept cash or money derived from, or intended for use in, any illegal activity. The Promoter and Administrator will seek, and investors will be required to provide, information and documentation to ensure compliance with the relevant laws, rules and regulations. If you are introduced to us by a professional adviser, they will be required to supply a copy of your passport and evidence of your address, such as a bank statement or recent utility bill. Your professional adviser will then pass this copy documentation to us, certifying its validity. See Note A in the following section entitled Notes. Please note that in certain circumstances we may need to request additional evidence of identification from you prior to investing your funds and also note that your funds may not be invested until all verification procedures have been completed. * Beneficiary - A beneficiary is the person(s) who is (are) the ultimate beneficial owner(s) of the investment. ** Underlying principal - An underlying principal is any person who is not a beneficiary but who is a settlor, trustee or a protector of a trust (which is the applicant), or who exercises effective control over the investment. Which form to use: Form A - Individual Application Form for use by an individual applicant, including individual trustees Form B - Corporate Application Form for use by nominee/sipp/ssas/trust/ corporate trustee/company or offshore bond applicants Form C - Identity verification document For use by professional advisers Form D - Application Form checklist For use by all applicants Form E - Bank Instruction Letter - For use by all applicants Form F - Correspondent bank list - For use by all applicants Form G - Entity self-certification questionnaire - For use by all corporate applicants (including nominee/sipp/trust/company/corporate trustees and offshore bonds) Please ensure that all fields marked as mandatory are completed Minimum investment The current minimum initial subscription amounts and the current minimum subscription amounts per additional investment by a Shareholder are set out below: Initial subscription Additional investment UK Agricultural Land Cell Class A Shares 10,000* 3,000*; Class B Shares 10,000* 3,000*; Student Accommodation Cell Class B Shares 10,000* 3,000*; (*or any such currency equivalent). Applications received below these amounts will be returned and any funds received in respect of such applications will be returned to source, less any charges incurred. Please note the base currency of the Braemar Group PCC Limited Cells is Sterling. Any funds received in a currency other than Sterling will be converted (at the applicant s risk and expense) into the base currency at the prevailing rate at the time of the exchange (no assurances can be given as to the rate or timing of the exchange). The Administrator will take no responsibility for the rate of exchange obtained. Bank-to-bank transfer If you are paying by bank transfer, please complete the accompanying bank instruction letter (Form E) and return the form to your bank. Please refer to the correspondent bank list (Form F) for the payment details of the Fund. Cheque If you are paying by cheque, please make your cheque payable to Braemar Group PCC Limited Client Monies Account. In the case of a building society cheque, the building society must identify on the cheque the holder(s) of the account and the account number from which the funds are drawn. Your cheque must come from a bank account held in your own name. Dividends Braemar Group PCC Limited distributions will be paid gross of income tax. All investors will receive a tax voucher to reflect the amount of dividend received whether the amount of dividend due is paid in cash or re-invested. For investors who are resident (for tax purposes) in Guernsey, Alderney, Sark or Herm, Braemar Group PCC Limited will report annually to the Guernsey tax authorities all gross distribution amounts paid. The Company will be required to identify any direct or indirect United Kingdom residents which invest in the Cells and obtain and provide to the Guernsey Director of Income Tax certain information about such United Kingdom resident account holders. Such information is then automatically exchanged by the Guernsey Director of Income Tax with the United Kingdom tax authorities. A Shareholder that is resident in the United Kingdom for tax purposes or is an entity that is identified as having one or more controlling persons that is resident in the United Kingdom for tax purposes will generally be required to provide information which identifies such United Kingdom tax resident persons and the extent of their respective investment in the Fund. 1
Investors have the option of either receiving a cash payment of a dividend or may elect to re-invest the cash equivalent at the next available dealing date. Any re-investment will be dealt with no initial charge. Please ensure Part 6 - Income distribution of Form A or B (as appropriate) of this application pack is completed. Notes The notes on this section refer to the Application Forms overleaf. If your Application Form is received by us incomplete, unclear or incorrectly filled in, we will return it to you together with your cheque/remittance as we will be unable to process your application. Please see the notes on completing the verification of client identity in Note A below. Note A - Application details Individual applicants Form A In order for an individual applicant to invest, we require the following: a fully-completed Application Form A all money to be invested must be from the client s own bank account, either by way of a bank transfer or personal cheque. We require the full name, address and account number of this bank account a telephone number and email address for each registered holder. There are circumstances when we may need to contact you to confirm instructions and, if we are unable to do so, this may result in a delay in processing your instructions. Also for you to receive our quarterly newsletter, we require a valid email address a completed identity verification document (Form C), signed by your professional adviser, who must be regulated in an Appendix C jurisdiction (listed on Form C), together with original certified copies of the verification documents held in their files. Your professional adviser must certify that they have seen original documentation verifying identity and residential address. For identity verification, they must certify that the photo bears a true likeness of the individual. The certifier must also sign and date the copy identification data (not more than 12 months old) and provide adequate information so that contact can be made with the certifier in the event of a query and should include the original stamp/seal of the relevant certifying authority/company (where relevant) In the absence of a Form C, the following additional information must be provided: an original certified copy of a valid passport which bears a clear photograph, signature, date and place of birth of each registered holder, independently certified by a member of a professional body, eg a notary, lawyer or accountant. The certification must be dated and the name and address of the certifier clearly marked. The certifier must also certify that these are copies of the original documents that they have seen an original or original certified correspondence to the investor(s) from a bank or utility company, no more than three months old, for example a bank statement or a utility bill, to verify each registered holder s permanent residential address. (Note: mobile or internet bills and PO Box addresses are not acceptable forms of address verification) certified by a member of a professional body, eg a notary, lawyer or accountant. The certification must be signed and dated and the name and address of the certifier clearly marked. The certifier must also certify that these are copies of the original documents that they have seen Information for individual trustee applicants Form A In order for trustee applicants to invest, we require the following: a fully-completed Application Form A all money to be invested must be from the Trustees own bank account either by way of a bank transfer or personal cheque. We require the full name, address and account number of this bank account a telephone number and email address for each Trustee. There are circumstances when we may need to contact you to confirm instructions and, if we are unable to do so, this may result in a delay in processing your instructions. Also, for you to receive our quarterly newsletter, we require a valid email address evidence verifying proper appointment of trustees (eg an original certified copy of relevant extracts from the trust deed or declaration of trust or a letter from an advocate/solicitor verifying the same) a completed identity verification document (Form C), signed by your professional adviser, who must be regulated in an Appendix C jurisdiction (listed on Form C), together with original certified copies of the verification documents held in their files. Your professional adviser must certify that they have seen original documentation verifying identity and residential address. For identity verification, they must certify that the photo bears a true likeness of the individual. The certifier must also sign and date the copy identification data (not more than 12 months old) and provide adequate information so that contact can be made with the certifier in the event of a query and should include the original stamp/seal of the relevant certifying authority/company (where relevant) In the absence of a Form C, the following additional information must be provided: verification of identity of the trustees, eg an original certified copy of their valid passport(s) which bears a clear photograph, signature and date and place of birth, independently certified by a member of a professional body, eg a notary, lawyer or accountant. The certifier must also sign and date the copy identification data (not more than 12 months old) and provide adequate information so that contact can be made with the certifier in the event of a query and should include the original stamp/seal of the relevant certifying authority/company (where relevant) an original certified confirmation from a bank or utility company, no more than three months old, for example a bank statement or a utility bill, to verify each trustee s permanent residential address. (Note: mobile or internet bills and PO Box addresses are not acceptable forms of address verification). The certification must be signed and dated and the name and address of the certifier clearly marked. The certifier must also certify that these are copies of the original documents that they have seen verification of the names and addresses of the settlor, any protector and all beneficiaries/underlying principals whom the trustee considers likely to benefit (please note in the case of applications on behalf of minor(s) we only require information on the underlying principal) ie an original certified copy of their valid passport(s) which bears a clear photograph, signature, date and place of birth, independently certified by a member of a professional body, eg a notary, lawyer or accountant and an original certified confirmation from a bank or utility company, no more than three months old, for example a bank statement or a utility bill, to verify each beneficiary/underlying principal s permanent residential address. (Note: mobile or internet bills and PO Box addresses are not acceptable forms of address verification). The certification must be signed and dated and the name and address of the certifier clearly marked. The certifier must also certify that these are copies of the original documents that they have seen 2
Corporate applicants (including nominees/sipp/ssas/trust/company/ corporate trustees and offshore bonds) Form B and Form G In order for a corporate applicant to invest, we require the following: a fully-completed Application Form B all money to be invested must be from the corporate applicant s own bank account either by way of a bank transfer or cheque. We require the full name, address and account number of this bank account an original certified authorised signatory list, including specimen signatures, (appropriately certified as a true copy of the original by an authorised signatory on the list) a telephone number and email address for each registered holder. There are circumstances when we may need to contact you to confirm instructions and, if we are unable to do so, this may result in a delay in processing your instructions. Also, for you to receive our quarterly newsletter, we require a valid email address a fully-completed Form G Additional information for corporate applicants Form B Unless the corporate applicant is regulated by the GFSC, FCA or is a quoted (or is a subsidiary of a quoted) company on a Recognised Stock Exchange (being any stock exchange or market which is an official or recognised stock exchange or market in the jurisdiction in which it is situated), the following documents must also be provided: an original certified copy of the corporate applicant s certificate of association or incorporation, certificate of organisation or certificate of trade and a certified copy of the corporate applicant s memorandum and articles of association or partnership agreement or other constitutional documents certified by a member of a professional body eg a notary lawyer or accountant a list of directors names and majority shareholders (partners names if a partnership), occupations, residential and business addresses and dates and places of birth of such directors (partners if a partnership). A majority shareholder is deemed to be anyone holding 10% or more interest directly or indirectly in the company. An indirect shareholder is the ultimate beneficial owner or underlying principal a certified copy of a document or extract from a company registry verifying the company s registered address verification of the identity of the signatories/directors/partners/majority shareholders, eg an original certified copy of their valid passport(s) which bears a clear photograph, signature, date and place of birth, independently certified by a member of a professional body, eg a notary, lawyer or accountant. The certification must be signed and dated and the name and address of the certifier clearly marked. The certifier must also certify that these are copies of the original documents that they have seen an original or original certified correspondence to the signatories/ directors/partners/majority shareholders from a bank or utility company, no more than three months old, for example a bank statement or utility company bill to verify each signatory/director/partners/majority shareholders permanent residential address. (Note: mobile or internet bills and PO Box addresses are not acceptable forms of address verification). The certification must be signed and dated and the name and address of the certifier clearly marked. The certifier must also certify that these are copies of the original documents that they have seen a completed identity verification document (Form C), signed by your professional adviser, who must be regulated in an approved jurisdiction, together with original certified copies of the verification documents held in their files in regards to each of the majority shareholders, as defined above In the absence of a Form C, the following additional information must be provided: verification of the names and addresses of all individuals ultimately holding a 10% or more interest in the capital or net assets of the company, or interest in the partnership or those with ultimate effective control over the capital or assets of the company or partnership, ie an original certified copy of their valid passport(s) which bears a clear photograph, signature and date and place of birth, independently certified by a member of a professional body, eg a notary, lawyer or accountant and an original or original certified correspondence from a bank or utility company, no more than three months old, for example a bank statement or utility company bill to verify each beneficiary s/underlying principal s permanent residential address. (Note: mobile or internet bills and PO Box addresses are not acceptable forms of address verification) Additional information for SIPP/SSAS applicants Form B if a SIPP investment, the supplemental trust deed or if this is not applicable, the signed member declaration if a SSAS investment, the name of the company, a copy of the Trust Deed and a list of the members of the scheme Additional information for corporate trustee applicants In the case of corporate trustees: evidence verifying proper appointment of trustees (eg an original certified copy of extracts from the deed of trust or a letter from an advocate/solicitor verifying the same) Note B - Investment details The principal documents of Braemar Group PCC Limited are the Memorandum and Articles of Association, the Financial Statements, the Administration Agreement and the Custody Agreement. Copies of these documents, and the respective Information Memorandum, are available on request from JTC (Guernsey) Limited (the Administrator ). Note C - Payment instructions Applications by cheque will not be dealt until value has been obtained on the cheque. We regret that cheques not made out to Braemar Group PCC Limited Client Monies Account cannot be accepted and will be returned at the applicant s risk. If you are investing in more than one Cell and settling by electronic transfer, you should make individual payments for each investment to the relevant Cell bank account details as per Form F correspondent bank list. If you are investing in more than one Cell by cheque you should enclose individual cheques for each investment. It should be noted that interest earned on cleared funds received before each Dealing Day will accrue for the benefit of the Cell. Cheques must be drawn upon the client s own bank account and this bank account must be situated in the country of the currency in which payment is being made. Delays may arise in the clearance of non- Sterling cheques. Note D - Categorising clients The Licensees (Conduct of Business) Rules 2009, allows the Administrator to categorise investors as if they were retail clients. 3
Note E - Data protection By signing this form, you consent to the Administrator processing the information you have supplied for the purposes of establishing and administering your investment. The Administrator is subject to the Data Protection (Bailiwick of Guernsey) Law, 2001. Some of the information supplied in connection with this form may be passed to your professional adviser or other agents acting on your behalf. Relevant information may also be passed to our agents and service providers. You are entitled to access information that the Administrator holds about you and where necessary have it corrected. The information provided on this form will be processed in accordance with the Data Protection (Bailiwick of Guernsey) Law 2001. Note F - Other information The Braemar Group PCC Limited Cells are not registered with the SEC in the United States and thus a US Person (and this category includes anyone resident in the US) is not eligible to invest in the Cell. The completed Application Forms, together with the required verification documents, should be returned to the Promoter either by post or may be faxed or sent by email (with the original Application Form and verification documents following immediately by post) to: Brooks Macdonald Funds Limited 72 Welbeck Street London W1G 0AY T 020 7408 5511 F 0161 332 1601 E bmfbrokerdesk@brooksmacdonald.com (note: the original Application Form must be posted) If you have any queries you may call or fax the above numbers, alternatively you may send an email to the Administrator at investors@jtcgroup.com or the Promoter at bmfbrokerdesk@brooksmacdonald.com Words and phrases defined in the Information Memorandum shall bear the same meaning in these notes and the accompanying Application Forms, all of which shall be governed by the laws of the Island of Guernsey. 4
Form A - Braemar Group PCC Limited Individual Application Form (including individual trustees) This Application Form, together with the required verification documents, should be completed in full, in block capitals and in black ink, detached and posted or may be faxed or sent by email (with the original following immediately by post) to be received by the Promoter no later than the 24th day of the month (or if not a Business Day, the preceding Business Day) before the Dealing Day. Once received, applications are irrevocable. Brooks Macdonald Funds Limited, 72 Welbeck Street, London W1G 0AY T 020 7408 5511 F 0161 332 1601 (note: the original Application Form and verification documents must be posted) E bmfbrokerdesk@brooksmacdonald.com Investments may be registered in the names of up to four joint holders. Please note, all joint holders must sign this Application Form. Correspondence will be sent to the address of the first named holder only. Note: * denotes mandatory fields Personal details: First named applicant * Title (Mr, Mrs, Miss, Other): * Existing account no. (if applicable): TP0000 * Forenames (full): * Surname: * Nationality: * Country of residence: * Permanent residential address: * Daytime telephone number: * Occupation: * Employer: * Previous, maiden or any other names: * Email address: For you to receive our quarterly newsletter, we require your email address * Date of birth: * Place of birth: Postcode: Investments cannot be registered in the name of any trust or executorship, but must be registered in the names of the individual trustees and detailed above. Please also indicate name of trust/estate below: * Name of trust/estate (if applicable): Investments cannot be registered in the name of any person under the age of 18, but parents or guardians can be registered as trustees. If this application is made by a parent or guardian for a person aged under 18, please use your own name in the above sections and designate the account by providing the minor s initials here: * Account designation: * Do you hold or have you held any prominent public, or political position/office, or are related to an individual who does? Please circle as appropriate. If Yes, please provide details. * Do you consider the media to take a heightened interest in your affairs, or are you related to an individual who you regard as being in this position? Please circle as appropriate. If Yes, please provide details. * What is your tax jurisdiction? * Country: * What is your Taxpayer Identification Number? * What is your National Insurance Number? Do you have dual citizenship? If Yes please provide details. Do you hold a dual passport? If Yes please provide details.! Form A Page 1 of 8 5
Note: * denotes mandatory fields Personal details: Second named applicant * Title (Mr, Mrs, Miss, Other): * Forenames (full): * Surname: * Nationality: * Country of residence: * Permanent residential address: Postcode: * Daytime telephone number: * Occupation: * Employer: * Previous, maiden or any other names: * Email address: For you to receive our quarterly newsletter, we require your email address * Date of birth: * Place of birth: Investments cannot be registered in the name of any trust or executorship, but must be registered in the names of the individual trustees and detailed above. Please also indicate name of trust/estate below: * Name of trust/estate (if applicable): Investments cannot be registered in the name of any person under the age of 18, but parents or guardians can be registered as trustees. If this application is made by a parent or guardian for a person aged under 18, please use your own name in the above sections and designate the account by providing the minor s initials here: * Account designation: * Do you hold or have you held any prominent public, or political position/office, or are related to an individual who does? Please circle as appropriate. If Yes, please provide details. * Do you consider the media to take a heightened interest in your affairs, or are you related to an individual who you regard as being in this position? Please circle as appropriate. If Yes, please provide details. * What is your tax jurisdiction? * Country: * What is your Taxpayer Identification Number? * What is your National Insurance Number? Do you have dual citizenship? If Yes please provide details. Do you hold a dual passport? If Yes please provide details. 6 Form A Page 2 of 8
Note: * denotes mandatory fields Personal details: Third named applicant * Title (Mr, Mrs, Miss, Other): * Forenames (full): * Surname: * Nationality: * Country of residence: * Permanent residential address: Postcode: * Daytime telephone number: * Occupation: * Employer: * Previous, maiden or any other names: * Email address: For you to receive our quarterly newsletter, we require your email address * Date of birth: * Place of birth: Investments cannot be registered in the name of any trust or executorship, but must be registered in the names of the individual trustees and detailed above. Please also indicate name of trust/estate below: * Name of trust/estate (if applicable): Investments cannot be registered in the name of any person under the age of 18, but parents or guardians can be registered as trustees. If this application is made by a parent or guardian for a person aged under 18, please use your own name in the above sections and designate the account by providing the minor s initials here: * Account designation: * Do you hold or have you held any prominent public, or political position/office, or are related to an individual who does? Please circle as appropriate. If Yes, please provide details. * Do you consider the media to take a heightened interest in your affairs, or are you related to an individual who you regard as being in this position? Please circle as appropriate. If Yes, please provide details. * What is your tax jurisdiction? * Country: * What is your Taxpayer Identification Number? * What is your National Insurance Number? Do you have dual citizenship? If Yes please provide details. Do you hold a dual passport? If Yes please provide details.! Form A Page 3 of 8 7
Note: * denotes mandatory fields Personal details: Fourth named applicant * Title (Mr, Mrs, Miss, Other): * Forenames (full): * Surname: * Nationality: * Country of residence: * Permanent residential address: Postcode: * Daytime telephone number: * Occupation: * Employer: * Previous, maiden or any other names: * Email address: For you to receive our quarterly newsletter, we require your email address * Date of birth: * Place of birth: Investments cannot be registered in the name of any trust or executorship, but must be registered in the names of the individual trustees and detailed above. Please also indicate name of trust/estate below: * Name of trust/estate (if applicable): Investments cannot be registered in the name of any person under the age of 18, but parents or guardians can be registered as trustees. If this application is made by a parent or guardian for a person aged under 18, please use your own name in the above sections and designate the account by providing the minor s initials here: * Account designation: * Do you hold or have you held any prominent public, or political position/office, or are related to an individual who does? Please circle as appropriate. If Yes, please provide details. * Do you consider the media to take a heightened interest in your affairs, or are you related to an individual who you regard as being in this position? Please circle as appropriate. If Yes, please provide details. * What is your tax jurisdiction? * Country: * What is your Taxpayer Identification Number? * What is your National Insurance Number? Do you have dual citizenship? If Yes please provide details. Do you hold a dual passport? If Yes please provide details. * Signing authority Any one of us: Any two of us: All of us: Other: In the absence of alternative instructions, the signatures of all parties will be required on all instructions. Part 2. Investment details Note: * denotes mandatory fields Braemar Group PCC Limited * Amount in figures * Amount in words UK Agricultural Land Cell Class A UK Agricultural Land Cell Class B Student Accommodation Cell Class B In respect of the UK Agricultural Land Cell, the minimum initial investment in respect of Class A shares and Class B Shares is 10,000**; subsequent investments in respect of Class A Shares and Class B Shares may be subject to a minimum of 3,000**. In respect of the Student Accommodation Cell, the minimum initial investment in respect of Class B Shares is 10,000**; subsequent investments in respect of Class B Shares may be subject to a minimum of 3,000**. Applications below these amounts may be returned and any funds received in respect of these applications below the minimum may be returned to source less any charges incurred. (**or currency equivalent). If your application is being made in a currency other than Sterling, then please delete the symbol and ensure your remittance currency is clearly stated above. 8 Form A Page 4 of 8
Part 3. Source of funds and source of wealth Note: * denotes mandatory fields Please insert source of funds and source of wealth the source of funds refers to the activity which generates the funds for a transaction; the source of wealth is distinct from the source of funds and describes the activities which have generated the total net assets and property of a person eg life time savings of settlor who was a doctor; UK property development over the last ten years; inheritance from parents UK estate. Both sections require the inclusion of the *Country of origin of the source in each case. Please note the Administrator reserves the right to request additional information especially in the case of large amounts. * Source of funds ie the activity that has generated the funds for the investment: * Country of origin (of source of funds): * Source of wealth: * Country of origin (of source of wealth): Part 4. Payment instructions Note: * denotes mandatory fields Please tick method of payment: Cheque(s), made payable to Braemar Group PCC Limited Client Monies Account (See Note C) Telegraphic transfer, see Form E for Bank Instruction Letter Bank loan, from [bank & branch]: For telegraphic transfer details, please refer to Form F - Correspondent bank list. Part 5. Bank account details Note: * denotes mandatory fields Please provide details of the bank account to which redemption payments and/or distribution payments are to be made and ensure currency field is completed: All payments due to you will only be paid in Sterling, either by way of a cheque payable to the registered holder(s) or by BACS to the account of the registered holder(s) as specified in this section, unless you expressly request otherwise in writing. Email and/or faxed instructions will not be accepted for the purpose of advising new bank details. Therefore you should advise us in writing, at least ten Business Days in advance of the proposed redemption/distribution; failure to do so may result in delays in receiving redemption/distribution payments. * Name of bank/building society: * Permanent residential address: * Currency: Postcode: * Names of account holder(s)* to be the same as the registered holders appearing in Part 1: * Payment details: * Sort code: * Account number: * or IBAN code:! Form A Page 5 of 8 9
Part 6. Income distribution Note: * denotes mandatory fields * I wish the income from my investment in any Braemar Group PCC Limited Cell to be: Re-invested or Paid to my/our bank account (Please select one option only. If no box is ticked any income will automatically be paid to you) Payments will be made directly to your bank account. You need to ensure that Part 5 has been completed. If you do not complete Part 5 Bank account details any income will be paid to you by cheque. Part 7. Introducing adviser authorisation Note: * denotes mandatory fields This section must be completed in order to recognise your introducing adviser on your account. Failure to complete this section may result in delays processing your application. If you do not have an introducing adviser, then please strike through this section. Details of professional adviser * I/We hereby appoint the following professional adviser and authorise you to give him/her information relating to my account * Name of professional adviser: * FCA (or equivalent regulatory body) number: * Name of firm: * Permanent residential address: Postcode: * Tel number: * Fax number: * Email address: * Professional adviser s stamp: 10 Form A Page 6 of 8
Part 8. Declarations and signatures Note: * denotes mandatory fields I/We hereby apply for the number of Shares in the capital of the respective cell of Braemar Group PCC Limited ( the Company ) of such Class as selected in Part 2 ( the Cell ) as may be purchased with the amount subscribed (as above) upon the terms and conditions of the Information Memorandum of the Cell (the Information Memorandum ) which I/we have received and read and understood. By completing and signing this Application Form I/we hereby warrant, represent and agree as set out below: (i) I/we acknowledge receipt of the current Information Memorandum which I/we have carefully considered in advance of my/our application and have taken note in particular of the investment strategy and policy and the risk factors relating thereto. I/We hereby confirm that my/our application is made solely on the terms thereof and is subject to the Articles (ii) I/we acknowledge that any financial intermediary who advised me/us in relation to this application did so as my/our adviser and was not an agent of or acting on behalf of the Company (iii) I/we confirm that I/we have the authority to make the investment pursuant to the Application Form whether this investment is my/our own or is made on behalf of another person or institution and I/we confirm that I/we have the right and authority to request redemption of Shares and that I/we will comply with the redemption instructions set out in the Information Memorandum (iv) the Administrator is hereby authorised and instructed to accept and execute any instructions in respect of the Shares to which my/our application relates and the Administrator and the Company may rely conclusively upon and shall incur no liability in acting upon such notice, request, consent, instruction or other instrument believed by either of them in good faith to be genuine or to be signed by the proper person(s) or duly authorised or properly made (v) I/we irrevocably apply for such number of Shares (including fractions) at a price determined in accordance with the Information Memorandum as may be purchased with the amount subscribed. I/We hereby undertake and agree to accept any number of Shares in respect of which my/our application may be accepted. I/We acknowledge that the Company reserves the right to reject any application in whole or in part and to restrict or prevent the ownership of Shares by any person, firm or corporation in the circumstances outlined in the Information Memorandum (vi) on demand I/we (jointly and severally) promise to pay to the Company for the account of the Cell or order the sum of the amount subscribed and pledge the subscribed Shares as security for payment of all sums due hereunder. I/We note that the Articles of Association contain provisions enabling forfeiture of Shares in the event of non-payment of my Subscription (vii) I/we warrant that the acceptance of my/our application to subscribe for Shares together with the appropriate remittance will not breach any applicable money laundering regulations and legislation, and I/we undertake to provide verification of my/our identity reasonably satisfactory to the Administrator, if so requested. I/We shall hold the Company and the Administrator and any other party including the other Shareholders harmless and indemnified against any loss arising due to failure to process this application if such information, as has been required, has not been provided by me/us or, if by virtue of my/our holding, I/we are in breach of the laws and regulations of any competent jurisdiction. I/We further confirm that for investments being made in a nominee name or by a SIPP, SSAS or offshore bond that the necessary due diligence has been completed on all of the underlying clients to this application (viii) I/we acknowledge that a Redemption Fee may be payable on Redemption and this will have the effect of reducing the amount payable to me/us as Redemption Proceeds (ix) I/we confirm that I/we am/are over the age of 18 years of age and that I/we hereby authorise the Administrator, its nominees, affiliates or its directors and officers to obtain independent verification of any information I/we have provided with respect to this application (x) I/we confirm that I/we am/are aware of the taxation, investment and legal implications of this investment and that, where necessary, I/we have obtained independent advice and that the Administrator and the Company are in no way responsible or accountable for my decision in respect of this application (xi) I/we consent to the transfer and use, by the Company or any third party acting on its behalf, wherever located in the world, of the information (including personal data) contained in this Application Form (the Information ) for the purpose of enabling the Company, or any third party acting on its behalf, to process this application and, if successful, to administer and service my/our investment in the Company in accordance with the terms of the Information Memorandum and the Articles (xii) I/we acknowledge that the Company respects my/our privacy and all information collected by the Company, or any third party acting on its behalf, will be treated in accordance with the provisions of the Data Protection (Bailiwick of Guernsey) Law 2001 (xiii) (applicable where there are joint Shareholders) we direct that on the death of one of us, the Shares for which we apply be held in the name of and to the order of the survivor(s) of us or the executors and/or administrator of such survivor(s) (xiv) I/we declare that the Shares subscribed for are not being acquired directly or indirectly by a person who is resident in Guernsey for the purposes of taxation (xv) I/we declare that the Shares are not being acquired directly or indirectly by a US Person nor in violation of any applicable law. In particular, (i) I/we understand that the Company has not been and will not be registered under the United States of America Investment Company Act of 1940, as amended, and that the Shares have not been and will not be registered under the United States Securities Act of 1933, as amended, or the securities law of the United States and, unless described otherwise in the Information Memorandum, the Shares may not be offered, sold, transferred, assigned or delivered, directly or indirectly, in the United States of America or to a US Person at any time; (ii) I am not/neither of us is a US Person (xvi) I/we agree to notify the Administrator in writing immediately if I/we become aware that any of the above representations is no longer complete and accurate in all respects and agree immediately either to redeem, or tender to the Company for repurchase, a sufficient number of Shares to allow the representations to be made (xvii) I/we acknowledge that we have been offered a copy of the latest Report & Accounts when making this subscription! Form A Page 7 of 8 11
Part 8. Declarations and signatures (continued) Note: * denotes mandatory fields All joint applications must sign below * Name (block capitals): Date: * Signature: * Name (block capitals): Date: * Signature: * Name (block capitals): Date: * Signature: * Name (block capitals): Date: * Signature: 12 Form A Page 8 of 8
Form B - Braemar Group PCC Limited Nominee/SIPP/SSAS/trust/corporate trustee/company and offshore bond Application Form This Application Form, together with the required verification documents, should be completed in full, in block capitals and in black ink, detached and posted or may be faxed or sent by email (with the original following immediately by post) to be received by the Promoter no later than the 24th day of the month (or if not a Business Day, the preceding Business Day) before the Dealing Day. Once received, applications are irrevocable. Brooks Macdonald Funds Limited, 72 Welbeck Street, London W1G 0AY T 020 7408 5511 F 0161 332 1601 (note: the original Application Form and verification documents must be posted) E bmfbrokerdesk@brooksmacdonald.com Note: * denotes mandatory fields * Corporate applicant - Corporate name: * Account designation: * Existing account number (if applicable): TP0000 * Name and address of each beneficiary/underlying principal: Unless a corporate applicant is a quoted (or is a subsidiary of a quoted) company on a Recognised Stock Exchange, then this box must be completed * Contact name: * Address: * Daytime telephone number: * Fax number: * Email address: For you to receive our quarterly newsletter, we require your email address Alternative mailing address (if reports and notices should be sent to an address other than the one above): Postcode: * What is your tax jurisdiction of the entity? * Country: * What is your Taxpayer Identification Number of the entity? Postcode:! Form B Page 1 of 8 13
Note: * denotes mandatory fields Directors details: details of first party * Title (Mr, Mrs, Miss, Other): * Forenames (full): * Surname: * Nationality: * Country of residence: * Permanent residential address: Postcode: * Daytime telephone number (for administration purposes only): * Previous, maiden or any other names: * Date of birth: * Place of birth: * Do you hold or have you held any prominent public, or political position/office, or are related to an individual who does? Please circle as appropriate. If Yes, please provide details. * Do you consider the media to take a heightened interest in your affairs, or are you related to an individual who you regard as being in this position? Please circle as appropriate. If Yes, please provide details. * What is your tax jurisdiction? * Country: * What is your Taxpayer Identification Number? Do you have dual citizenship? If Yes please provide details. Do you hold a dual passport? If Yes please provide details. Directors details: details of second party * Title (Mr, Mrs, Miss, Other): * Forenames (full): * Surname: * Nationality: * Country of residence: * Permanent residential address: Postcode: * Daytime telephone number (for administration purposes only): * Previous, maiden or any other names: * Date of birth: * Place of birth: * Do you hold or have you held any prominent public, or political position/office, or are related to an individual who does? Please circle as appropriate. If Yes, please provide details. * Do you consider the media to take a heightened interest in your affairs, or are you related to an individual who you regard as being in this position? Please circle as appropriate. If Yes, please provide details. * What is your tax jurisdiction? * Country: * What is your Taxpayer Identification Number? Do you have dual citizenship? If Yes please provide details. Do you hold a dual passport? If Yes please provide details. 14 Form B Page 2 of 8
Note: * denotes mandatory fields Directors details: details of third party * Title (Mr, Mrs, Miss, Other): * Forenames (full): * Surname: * Nationality: * Country of residence: * Permanent residential address: Postcode: * Daytime telephone number (for administration purposes only): * Previous, maiden or any other names: * Date of birth: * Place of birth: * Do you hold or have you held any prominent public, or political position/office, or are related to an individual who does? Please circle as appropriate. If Yes, please provide details. * Do you consider the media to take a heightened interest in your affairs, or are you related to an individual who you regard as being in this position? Please circle as appropriate. If Yes, please provide details. * What is your tax jurisdiction? * Country: * What is your Taxpayer Identification Number? Do you have dual citizenship? If Yes please provide details. Do you hold a dual passport? If Yes please provide details. Directors details: details of fourth party * Title (Mr, Mrs, Miss, Other): * Forenames (full): * Surname: * Nationality: * Country of residence: * Permanent residential address: Postcode: * Daytime telephone number (for administration purposes only): * Previous, maiden or any other names: * Date of birth: * Place of birth: * Do you hold or have you held any prominent public, or political position/office, or are related to an individual who does? Please circle as appropriate. If Yes, please provide details. * Do you consider the media to take a heightened interest in your affairs, or are you related to an individual who you regard as being in this position? Please circle as appropriate. If Yes, please provide details. * What is your tax jurisdiction? * Country: * What is your Taxpayer Identification Number? Do you have dual citizenship? If Yes please provide details. Do you hold a dual passport? If Yes please provide details.! Form B Page 3 of 8 15
Note: * denotes mandatory fields * Signing authority Any one of us: Any two of us: All of us: Other: In the absence of alternative instructions, the signatures of all parties will be required on all instructions. Part 2. Investment details Note: * denotes mandatory fields Braemar Group PCC Limited * Amount in figures * Amount in words UK Agricultural Land Cell Class A UK Agricultural Land Cell Class B Student Accommodation Cell Class B In respect of the UK Agricultural Land Cell, the minimum initial investment in respect of Class A shares and Class B Shares is 10,000**; subsequent investments in respect of Class A Shares and Class B Shares may be subject to a minimum of 3,000**. In respect of the Student Accommodation Cell, the minimum initial investment in respect of Class B Shares is 10,000**; subsequent investments in respect of Class B Shares may be subject to a minimum of 3,000**. Applications below these amounts may be returned and any funds received in respect of these applications below the minimum may be returned to source less any charges incurred. (**or currency equivalent). If your application is being made in a currency other than Sterling, then please delete the symbol and ensure your remittance currency is clearly stated above. Part 3. Source of funds and source of wealth Note: * denotes mandatory fields Please insert source of funds and source of wealth of each beneficiary/underlying principal the source of funds refers to the activity which generates the funds for a transaction; the source of wealth is distinct from the source of funds and describes the activities which have generated the total net assets and property of a person eg life time savings of settlor who was a doctor; UK property development over the last ten years; Inheritance from parents UK estate. Both sections require the inclusion of the *Country of origin of the source in each case. Please note the Administrator reserves the right to request additional information especially in the case of large amounts. * Source of funds ie the activity that has generated the funds for the investment: * Country of origin (of source of funds): * Source of wealth: * Country of origin (of source of wealth): Part 4. Payment instructions Note: * denotes mandatory fields Please tick method of payment: Cheque(s), made payable to Braemar Group PCC Limited Client Monies Account (See Note C) Telegraphic transfer, see Form E for Bank Instruction Letter Bank loan, from [bank & branch]: For telegraphic transfer details, please refer to Form F - Correspondent bank list. 16 Form B Page 4 of 8