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TERMS AND CONDITIONS OF ACCESS TO THIS WEBSITE

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This Website is an advertisement for the purposes of Prospectus Rule 3.3 and Article 34 of Commission regulation (EC) No 809/2004 (as amended) and is not a prospectus for the purposes of EU Directive 2003/71/EC (as amended) (the “Directive”) and/or Part VI of the Financial Services and Markets Act 2000 (the “FSMA”).

This Website is a financial promotion made by the Dartington Hall Estate Bond PLC (the “Issuer”) and approved by Bates Wells & Braithwaite London LLP (“BWB”) solely for the purposes of section 21(2)(b) of the FSMA. BWB (incorporated in England No. OC 325522) whose registered office is 10 Queen Street Place, London EC4R 1BE, is authorised and regulated by the Financial Conduct Authority.

This Website relates to the Dartington 4.3% fixed rate secured Bonds due 2028 (referred to in this Website as the “Bonds”). A prospectus dated 25 October 2018 (the “Prospectus”) has been prepared and made available to the public in accordance with the Directive.

The proceeds of the Bonds are intended to be loaned to The Dartington Hall Trust (“Dartington”). References to “Dartington” in this document are references to The Dartington Hall Trust.

This Website is not an offer for the subscription or sale of the Bonds and should not be relied on for making any investment decision in relation to the purchase of the Bonds. Any investment decision should be made solely on the basis of a careful review of the Prospectus. Please therefore read the Prospectus carefully before you invest. You should ensure that you understand and accept the risks relating to an investment in the Bonds before making such an investment. Loss of capital is a potential risk when investing, it is important to take this into account when deciding on how much to invest. It is important to note that you may not get back the full amount invested. You should seek your own professional investment, legal and tax advice as to whether an investment in the Bonds is suitable for you.

THE MATERIALS CONTAINED ON THE WEBSITE IS ONLY DIRECTED AT PERSONS WHO ARE LOCATED AND RESIDENT IN THE UNITED KINGDOM, IN ACCORDANCE WITH APPLICABLE REGULATORY REQUIREMENTS. SUCH MATERIALS ARE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, INTO OR WITHIN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA, THE REPUBLIC OF IRELAND OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE SUCH MATERIALS.

This Website is not for access in the United States of America or by U.S. persons. The Bonds have not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”). The Bonds may not be offered, sold or delivered within the United States of America or to U.S. persons.

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