Disclaimer

This Communication has been prepared by Hyperion Asset Management Limited (ABN 80 080 135 897 AFSL 238 380) (Hyperion) as the investment manager of the Hyperion Australian Growth Companies Fund (ARSN 089 548 443), the Hyperion Small Growth Companies Fund (ARSN 089 548 943) and the Hyperion Global Growth Companies Fund (Managed Fund) (ARSN 611 084 229) (each a Fund and together, the Funds). The Hyperion Global Growth Companies Fund changed its name to the Hyperion Global Growth Companies Fund (Managed Fund) on 5 February 2021 in order to facilitate quotation of the fund on the ASX. Interests in the Funds are issued by Pinnacle Fund Services Limited (ABN 29 082 494 362 AFSL 238 371) (Pinnacle) as responsible entity of the Funds. Pinnacle is not licensed to provide financial product advice.

Any opinions or forecasts reflect the judgment and assumptions of Hyperion and its representatives on the basis of information at the date of publication and may later change without notice. Any projections contained in this Report are estimates only and may not be realised in the future. Unauthorised use, copying, distribution, replication, posting, transmitting, publication, display, or reproduction in whole or in part of the information contained in this note is prohibited without obtaining prior written permission from Hyperion. Past performance is for illustrative purposes only and is not indicative of future performance.

The Product Disclosure Statement (PDS) and Target Market Determination (TMD) of each of the Funds is available at https://www.hyperion.com.au/. Any potential investor should consider the relevant PDS and TMD before deciding whether to acquire, or continue to hold units in, a Fund. For historic TMDs, please contact Hyperion Investor Services, Phone 1300 497 374 or Email investorservices@hyperion.com.au. The information in this Report has been prepared without taking account of any person’s objectives, financial situation or needs and is not intended as a recommendation or statement of opinion intended to influence a person or persons in making a decision in relation to investment. A financial adviser should be consulted before making any investment decision. This Report may contain the trade names or trademarks of various third parties, and if so, any such use is solely for illustrative purposes only. All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with, endorsement by, or association of any kind between them and Hyperion. Pinnacle and Hyperion believe the information contained in this Report is reliable, however no warranty is given as to its accuracy, reliability or completeness and persons relying on this information do so at their own risk. Subject to any liability which cannot be excluded under the relevant laws, Hyperion and Pinnacle disclaims all liability to any person relying on the information contained in this Report in respect of any loss or damage (including consequential loss or damage), however caused, which may be suffered or arise directly or indirectly in respect of such information. This disclaimer extends to any entity that may distribute this Report. No distribution of this Report will be made in any jurisdiction where such distribution is not authorised or is unlawful. Unless otherwise specified, all amounts are in AUD. Due to rounding, numbers presented throughout this note may not sum precisely to the total indicated and performance percentages may not precisely reflect the absolute returns.