A. General Description of Waverton Investment Management Limited Waverton Investment Management Limited (“Waverton”) is an investment adviser registered with the SEC under the Investment Advisers Act 1940 with its principal place of business in London, UK. We are also regulated and registered with the Financial Conduct Authority in the UK. Waverton was incorporated on 30th July 1986 and is a wholly owned subsidiary of Waverton Investment Management Group Limited, an unregulated holding company in the UK. Waverton Investment Management Group Limited is 61.81% owned by Somers Limited, 34.74% by employee shareholders, where no individual owns more than 10%, and 3.45% owned by staff through an Employee Benefit Trust as at 31 December 2022. B. Description of Advisory Services Waverton provides discretionary investment management services to private clients such as individuals, charities, trusts and collective investment schemes (funds). Client portfolios will be managed under a mandate, selected by the client. We have an obligation to ensure that the investment decisions we make are suitable to meet the specific investment objective(s) and risk profile of each client. Each investment mandate is designed to achieve its investment strategy and constructed using the main asset classes (equities, bonds & cash and alternatives such as funds, hedge funds, property and commodities). Waverton also operate a selection of collective investment schemes (funds), and one or more of these may also be used as part of the overall asset allocation of a portfolio. In doing so, Waverton will comply with the internal Conflicts of Interest Policy and regulatory requirements to ensure that investment of all or part of a client’s portfolio into a Waverton fund is in the best interests of the client. Waverton are cognisant of the investment restrictions applying to US portfolios, including the taxation rules around Passive Foreign Investment Companies. The investment mandates are: Equity

– Investment in global equities designed for clients with an extended time horizon who can tolerate periods of significant volatility, and whose objective is to maximise the value of their capital by participating in the growth of the world economy. Growth – Investment primarily in global equities. However, there will be a greater degree of allocation to other asset classes than in a pure equity mandate. Balanced – For those who are comfortable with equities representing the core of the portfolio, but are seeking diversification across asset classes. Often appropriate for clients requiring a combination of income and growth. Cautious – A medium risk mandate for clients who wish to participate in long term growth from equities, but prefer a more cautious stance than the typical “Balanced” investor. Likely to have an increased allocation to alternative asset class. Defensive – A modest equity allocation for more risk averse investors. Will have a higher weighting in other asset classes, including alternatives. Conservative – The lowest risk mandate containing an equity allocation. A larger weight is assigned to fixed income and alternative asset classes. Bonds – A fixed interest mandate for those who require low risk to capital in nominal terms. May include index-linked and cash equivalent instruments if deemed appropriate. Each client will have an individual portfolio tailored to meet their investment objectives. Clients may impose reasonable restrictions on investing in certain securities, geographical regions or sectors. Investors in collective investment schemes (funds) will participate in each fund’s investment performance, together with all other investors. C. Description of Advisory Services As at 31st December 2022, Waverton’s discretionary assets under management totalled £8.5bn ($10.2bn). Other assets which Waverton holds for clients either on a non-discretionary basis or administration assets total £0.7bn ($0.8bn).