Disclaimer

The website is directed only at Professional Clients in the UK. The website is issued by Asset Value Investors Limited (“AVI”), in respect of British Empire Trust plc (“British Empire”). AVI is authorised and regulated by the UK Financial Conduct Authority (“FCA”). British Empire is a public company listed and traded on the London Stock Exchange.

You agree that we may contact you about our products and services that we believe you might be interested in.

The price of the Shares will be determined by supply and demand in the market as well as NAV per Share. The market price of the Shares is therefore likely to fluctuate and may represent either a premium or discount to NAV per Share.

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Important Information

Your Investment Choices At A Glance

From 1 July 2014 ISAs were be reformed into a simpler product, the ‘New ISA’ (ISA), with an overall limit of £15,240 per year. The government has also abolished the rule that states that only half can be saved in cash. Please see the attached Factsheet for more information.

ISA

Lump sum investment

Minimum £1,000
Maximum annual level set by HMRC*

Regular investment

£100
(With initial lump sum of £1,000)

Dividend options

Choice of pay away or re-invest

Transfer of existing ISA's

Stocks and shares or Cash ISA:
only cash transfer accepted
(Minimum £1,000)

* For current NISA allowance levels please visit http://www.hmrc.gov.co.uk/isa

SHARE PLAN

Lump sum investment

Minimum £250
No maximum subscription

Regular investment

Minimum £50
(With initial £250)

Dividend options

Choice of pay away or re-invest

Transfer of existing ISA's

N/A

Share Plan has none of the tax advantages of an ISA, but it does offer more affordable lump sum and regular investments. There is also no annual management fee and no upper limit in the amount you can invest or on the profits you can receive.

Whichever option you choose, the value of your investment can go down as well as up and you may not get back the full amount you have invested.

How Do I Invest?

Once you’ve decided which investment option is best for you – Stocks & Shares ISA or Share Plan – you just need to fill in the appropriate application form(s) and send them off along with your personal cheque. Please note that investors must be 18 or over and resident or ordinarily resident in the UK or a Crown employee serving overseas or married to a Crown employee serving overseas.

Further lump sum investments may also be made by debit card (Switch or Delta) by telephoning 03458 500181.

ISA

SHARE PLAN

Initial Charges *

£30

N/A

Half Yearly Management Charge
(Charged April and October) *

0.25%
(0.5% per annum.
Max £50 per annum)

FREE

Government Stamp Duty on Purchases

0.5%

0.5%

Cash Withdrawals via BACS *

FREE

FREE

Stock Withdrawals *

£20

£20

Transfer out to another provider *

£35

£35

Void account *

£65

N/A

* These charges are subject to VAT at the prevailing rate.

How Are My Shares Purchased?

Shares will be purchased for you on the stock market on the first available dealing day at the market price.

Upon receipt monies will be invested on the next normal dealing day. Investments are normally dealt daily and any cash balance of at least £1 held on your behalf attracts interest at HSDL’s prevailing rate.

VALUE OF EACH SALE

TELEPHONE

ONLINE** (SALES ONLY)

Up to £5,000

£25

£11.95

£5,001 to £50,000

£50

£11.95

£50,001 to £100,000

£75

£11.95

Over £100,001

0.10%

£11.95

** When you register for online services at http://www.halifax.co.uk/online
Purchases including dividend investment – FREE
All information, limits and charges are correct at the date of publishing but may change in future

British Empire Securities and General Trust p.l.c is referred to as ‘British Empire’ throughout the website. British Empire’s investment managers, Asset Value Investors are referred to as ‘AVI’

British Empire currently conducts its affairs so that its shares can be recommended by Independent Financial Advisers (“IFAs”) in the UK to ordinary retail investors in accordance with the Financial Conduct Authority (“FCA”) rules in relation to non-mainstream investment products and intends to continue to do so. The shares are excluded from the FCA’s restrictions which apply to non-mainstream investment products because they are shares in an authorised investment trust. © British Empire Trust plc. 2014 Registered in England No: 00028203. An investment company under Section 833 of the Companies Act 2006. Registered Office: Beaufort House, 51 New North Road, Exeter, EX4 4EP. Managed by Asset Value Investors Ltd. which is authorised and regulated by the Financial Conduct Authority. Past performance should not be seen as an indication of future performance. The price of investments and the income may fall as well as rise and investors may not get back the full amount invested. British Empire uses gearing techniques (leverage) which will exaggerate market movements both down and up which could mean sudden and large falls in market value. Please refer to the Key Features Document for further details of the risks affecting your investment. Performance figures are cumulative and based on Price total return and do not include Plan charges. For more information, please call 03458 500181. Tax treatment depends on the individual circumstances and may be subject to change in the future. Asset Value Investors Ltd do not offer Innovative Finance ISAs.