Firm Inception and Ownership Structure Lloyd George is an investment adviser regulated and authorized by the Securities and Futures Commission in Hong Kong and registered with the SEC in the United States. Lloyd George was founded by Mr Lloyd George, Chairman and Chief Investment Officer, in 2014 and commenced managing assets in April 2015. Lloyd George is 87.5% owned by Lloyd George Management (Cayman) Limited, (which is 100% owned by Mr Lloyd George); and the balance owned by certain senior employees. Types of Investments Offered Lloyd George provides discretionary investment advisory services to three pooled investment vehicles and to professional clients in accordance with the requirements of client specific investment management agreements (“Managed Accounts”). Lloyd George serves as the investment manager to the Lloyd George Indian Ocean Master Fund (“Master Fund”), and its feeder funds: the Lloyd George Indian Ocean Fund established to facilitate participation by non-U.S. persons and certain U.S. tax-exempt investors; and the Lloyd George Indian Ocean US Fund established to facilitate participation by U.S. persons and is subject to U.S. taxation (collectively the “Feeder Funds” and together with the Master Fund, the “Indian Ocean Fund”). These funds form part of a master-feeder structure, whereby substantially all of the Feeder Funds’ investible assets will be invested in the Master Fund. Shares of the Feeder Funds are offered solely through the delivery of the Feeder Funds’ offering memorandum, which includes important information about the Indian Ocean Fund that is not addressed in this Brochure, and other accompanying documents. The discussion of the Indian Ocean Fund in this Brochure does not constitute an offer to sell or a solicitation of any offer to buy interests therein. Lloyd George also serves as the investment adviser to the Bamboo Fund Asia LP, a limited partnership organized under the laws of Delaware (the “Bamboo Fund”). The Bamboo Fund is available to qualifying U.S. investors on a private placement pursuant to an applicable exemption from registration under the Investment Company Act of 1940 (“Investment Company Act”). Shares of the Bamboo Fund are offered solely through the delivery of the Bamboo Fund’s private placement memorandum, which includes important additional information about the Bamboo Fund that is not addressed in this Brochure, and other accompanying documents. The discussion of the Bamboo Fund in this Brochure does not constitute an offer to sell or a solicitation of any

offer to buy interests therein. Lloyd George also serves as the sub-investment manager to the Optima Lloyd George Asia Fund, a sub-fund of Apsley Fund ICAV (“Optima Fund”). The Apsley Fund ICAV is organized under the laws of Ireland and is authorized by the Central Bank of Ireland as an Undertakings for Collective Investment in Transferable Securities (UCITS) under the Central Bank (Supervision and Enforcement) Act 2013 (Section 48(1)) (Undertakings for Collective Investment in Transferable Securities) (Amendment) Regulations 2019. Shares of the Optima Fund are offered solely through the delivery of the Optima Fund’s private placement memorandum, which includes important additional information about the Optima Fund that is not addressed in this Brochure, and other accompanying documents. The discussion of the Optima Fund in this Brochure does not constitute an offer to sell or a solicitation of any offer to buy interests therein. References to “pooled investment vehicles” throughout this Brochure refer to the Indian Ocean Fund, Bamboo Fund and Optima Fund (together the “Funds”) and any additional pooled investment vehicles offered to U.S. investors to which Lloyd George may provide investment advisory services. Lloyd George specializes in making equity or equity-related investments in companies located in emerging markets with a main focus on Asia. In addition to the above, new strategies and products may be developed as markets and businesses change, and may be offered to additional clients including pooled investment vehicles, institutions, and high net worth individuals. Lloyd George does not provide financial planning, quantitative analysis or market timing services to its clients. Lloyd George does not participate in any wrap fee programs. Lloyd George tailors its investment programs to the investment objectives, guidelines and any investment restrictions of its clients. Where it is appointed as the investment adviser to a pooled investment vehicle, such as the Funds, Lloyd George’s client is the vehicle and not any individual investor therein. Lloyd George does not further customize or modify its investment program based on any such individual investor’s needs. Individual investors in the Funds are not permitted to impose restrictions on investing in certain securities or types of securities. Assets under Management As of 31 December 2022, Lloyd George had assets under management of USD 128,573,071, all of which were managed on a discretionary basis. We have no non-discretionary client assets under management.