1. Mitigating Risks through Innovative Finance Structuring responsAbility Investments AG Inclusive Business Conference, Manila, Feb 2016 Corporate

2. responsAbility at a glance2 RESPONSABILITY AT A GLANCE A leading asset manager in development investments Client Base  Founded in 2003  Over USD 2.9bn AUM  14 investment solutions  Debt & Equity investments  10 office locations  Invested in 90+ countries  535 financed companies  Authorized by Swiss Regulator FINMA Key DataSectors Agriculture Finance Energy Health Education

3. 3 10 Office Locations, Active in 94 Countries A GLOBAL PLATFORM Lima Nairobi Mumbai ZürichGeneva Paris Oslo Luxembourg Hong Kong Bangkok responsAbility offices

4. 4 Off the beaten track THE INVESTMENT UNIVERSE

5. Chapter5 Risk Mitigating Structures Representative Examples *As on Dec 2015 General  Staggered stage based investments  Collateral – primary and secondary  Covenants – to match business Agriculture Finance  Inventory & receivable finance  Collateral management agreements  Factoring through off-shore SPVs Equity Investments  Tranched / straged investments  Milestone based  Convertibles  Investor put options on breach, misrepresentations

6. Chapter6 Risk Mitigating Structures Representative Examples Investment Structures  SPVs with guarantee structures  Syndications Fund Structures  Energy Access fund with a first-loss guarantee from an energy focused foundation – to increase appetite for private and institutional investors  Climate Change Fund with first-loss guarantee from development institution – to attract private investors

7. 7 responsAbility Investments AG THANK YOU

8. 8 LEGAL DISCLAIMER This document was produced by responsAbility Investments AG (hereinafter «responsAbility»). The information contained in this document (hereinafter “information”) is based on sources considered to be reliable, but its accuracy and completeness is not guaranteed. The information is subject to change at any time and without obligation to notify potential investors. Unless otherwise indicated, all figures are unaudited and are not guaranteed. Any action derived from this information is always at the recipients’ own risk. This document is for information purposes only and not an official confirmation of terms. The value of an investment and any income from it is not guaranteed. Changes in the assumptions may have a substantial impact on the return. The performance data do not take account of the commissions and costs incurred on the issue and redemption of shares. This information is not intended as an offer or a recommendation or an invitation to purchase or sell financial instruments or financial services and does not release the recipient from making his/her own assessment. In particular, the recipient is advised to assess the information, with the assistance of an advisor if necessary, with regard to its compatibility with his/her own circumstances in view of any legal, regulatory, tax, investment-related, and other implications. The investment vehicles indicated in this document target investments that are associated with a higher risk than investments in more developed markets or countries. Emerging markets exist in countries that display at least one of the following features: a degree of political instability; relatively unpredictable trends in growth and financial market development; a financial market that is still at a developing stage; a weak economy. As a rule, investments in emerging markets are exposed to greater risks. These include political and economic risks and risks relating, for example, to soundness, exchange rates, market liquidity, legal regulations, settlement, markets, shareholders, and creditors. Investors should be willing and financially able to accept the risk features of the investments described in these documents. Commodity investments are prone to wider fluctuations in value than conventional investments, and may entail additional investment risks. This document is expressly not intended for persons who, due to their nationality or place of residence, are not permitted access to such information under applicable law. The financial products specified in this document are and will not be licensed for distribution in the United States of America. As a result, it may not be offered, sold, or delivered there. Neither the present document nor copies thereof shall be sent or taken to the United States of America, or issued in the US or to a US person (in the terms of Regulations of the United States Securities Act of 1933, in the respective current version), except pursuant to an exemption from the registration requirements of the US Securities Act The distribution of the Issue Document and the offering of the Shares and Notes may be restricted in certain jurisdictions. The responsAbility Global Microfinance Fund (hereinafter “Fund”) is a collective investment scheme subject to Luxembourg law, which is authorized to operate in Switzerland as a foreign collective investment scheme with increased risk. Furthermore, this financial product is licensed in Liechtenstein, Luxembourg, Singapore and the Netherlands. The Fund invests its assets in securities with which financial service companies in less developed countries are financed and/or refinanced. Investors are expressly made aware of the risks described in the prospectus and the lower liquidity and greater difficulty in determining the value of the Fund’s investments (which are generally unlisted and not traded), and must also be prepared to accept substantial price losses including the entire loss of their investment. The risks inherent in the Fund cannot be compared with those inherent in other funds which invest in debt instruments of issuers in developed countries. Units in the Fund should therefore account for only a small portion of an investor’s portfolio and should be held as part of a broadly diversified portfolio. The management company and the Portfolio Manager, however, will seek to minimize the risks by a strict selection of investments and appropriate diversification. The representative of the Fund in Switzerland is Credit Suisse Funds AG, Zurich. The paying agent in Switzerland is Credit Suisse AG, Zurich. Subscriptions are only valid on the basis of the current sales prospectus and the most recent annual report (or semiannual report, if this is more recent). The prospectus, the management regulations, and the annual and semiannual reports may be obtained free of charge from Credit Suisse Fund Services (Luxembourg) S.A. in Luxembourg, Credit Suisse Funds AG in Zurich, and from any distribution partner. The responsAbility SICAV (Lux) and its sub-funds the responsAbility SICAV (Lux) Mikrofinanz-Fonds, responsAbility SICAV (Lux) Microfinance Leaders are a collective investment schemes authorized in Luxembourg. These product are not authorized for distribution to the public in Switzerland. The present document is therefore strictly limited to internal use and may not be passed on to any third party, unless (i) such third party has solicited so on its own initiative, or (ii) such third party is a qualified investor under the terms of the Swiss Federal Act on Collective Investment Schemes and related regulations. The responsAbility Fair Agriculture Fund is a contractual investment fund. It belongs to the asset class “other funds for alternative investments” associated with particular risk. The fund targets investments that, directly or indirectly, finance or refinance actors along the economic value chain with a fair trade orientation in less developed countries. The risks associated with this investment fund are not comparable to those of securities funds. Investors’ attention is therefore expressly drawn to the risks explained in the fund prospectus and contract, and to the lower liquidity and greater difficulty of valuation of the fund investments, which are not usually listed or traded. Investors must assume that up to 75% of the fund assets may be invested, directly or indirectly, in coffee as a commodity, and up to 40% in any one country. Up to 100% of the fund assets may be invested in an individual continent (e.g. Latin America). In particular, investors must be willing and able to bear partial or total loss of their capital. Investors should therefore hold interests in the responsAbility Fair Agriculture Fund only as a small proportion of a diversified portfolio.