TERMS OF USE - FINDLAY PARK WEBSITE

This Financial Promotion has been approved by Findlay Park Partners LLP (FPP). It is a confidential communication to and solely for the use of the recipient. This Communication is only made to or directed at Investment Professionals whose ordinary business activities involve carrying on investments in equities and who have professional experience in such investments. The investments and investment services to which this Communication relates are only available to such Investment Professionals. This Communication is not made to anyone who does not have professional experience in investing in equities. Any person who does not have professional experience investing in equities must not rely upon this Communication. The information contained in this presentation is subject to updating, completion, modification and amendment. This presentation does not constitute an offer to sell investments and may not be used to make such an offer. Therefore, no person may treat it as constituting an offer or invitation to him to buy investments nor may he copy or disseminate it for transmission to another person. If, however, an offer to sell investments is made in the future it will be subject to information circulated by FPP at the time of the formal prospectus or equivalent document and not on the basis of the information contained in this presentation. It is the responsibility of every recipient of this presentation to satisfy himself as to the full observance of the laws of any relevant country, including obtaining any government or other consent which may be required or observing any other formality which needs to be observed in that country. This Financial Promotion expresses no views as to the suitability of the investments described herein to the individual circumstances of any recipient.

It should be noted that both the Findlay Park American Smaller Companies Fund & the Findlay Park Latin American Fund are closed to new investors and is also not to be held by residents of the United States of America.

The value of investments may go down as well as up and are not guaranteed. Past performance is not necessarily a guide to future performance.

All content at the www.findlaypark.com address is copyright of Findlay Park Partners LLP 2007.

Findlay Park Partners LLP is Authorised and Regulated by the Financial Services Authority.