Title: URL Source: https://doc.morningstar.com/document/206f95790b4bf145b9aac4fbfd24e1fe.msdoc/?clientid=ajbell&key=805803a4ca9fc338 Markdown Content: Purpose This document provides you with key information about this investment product. It is not marketing material. The information is required by law to help you understand the nature, risks, costs, potential gains and losses of this product and to help you compare it with other products. # SEED Innovations Limited # ISIN: GG00BRK9BQ81 http://www.seedinnovations.co Competent Authority: AIM Call +441481248897 for more information This document was published on 01 -08 -2023 You are about to purchase a product that is not simple and may be difficult to understand. What is this product? Type Ordinary shares in SEED Innovations Limited (the “Company”; or “Product”) a closed -ended investment company incorporated in Guernsey and quoted on the AIM Market of the London Stock Exchange. Save for payments of dividends or other returns (e.g. on a buyb ack of Ordinary Shares under the Company’s buyback mechanism or on a winding -up), the Company is not expecting to pay you and you are expected to generate returns through selling your shares through a bank or stockbroker. Ordinary Shares are bought and sol d via markets and typically, at any given time on any given day, the price you pay for a share will be higher than the price at which you could sell it. The price at which you can sell your shares will vary depending on market conditions and will not neces sarily reflect the net asset value of the Company. Objectives The Company aims to achieve long -term capital growth from investment in a portfolio of wellness and life sciences businesses (including biotech, longevity of life and pharmaceuticals) along with aligned technology sectors. Its investment strategy is to focus principally on both unlisted and early stage opportunities that have an upcoming investment catalyst and to which, in normal circumstances, the Company’s shareholders may have limited access to. Intended retail investor This product is intended for UK retail investors who plan to hold their investment for the long term. Potential investors sho uld fully understand the additional risks associated with this particular asset class, the potential r isk of capital loss and that there may be limited liquidity in the Ordinary Shares. The Ordinary Shares are suitable for investors as part of a diversified investment portfolio and who are able to take a long - term view of any investment in the Company. Ter m This product has no maturity date. What are the risks and what could I get in return? # Risk Indicator # 1 2 3 4 5 6 7 Lower risk Higher risk The risk indicator assumes you keep the product for 5 Years. The actual risk can vary significantly if you cash in at an early stage and you may get back less. The summary risk indicator is a guide to the level of risk of this product compared to other products. It shows how likely it is that the product wi ll lose money because of movements in the markets . We have classified this product as 6 out of 7, which is the second - highest risk class. This rates the potential losses from future performance at a high level, and poor market conditions are very likely to impact the ability to sell your shares easily and the price at which you are able to sell, significantly impacting how much you get back . The Company predominantly invests in unlisted businesses which have valuation, performance and liquidity risk. Other material risks are investment, compliance, operational, economic and political risk. For more information, please see the Annual Reports of the Company. If you are in any doubt about the action you should take, you should seek independent financial advice. This product does not inclu de any protection from future market performance so you could lose some or all of your investment. # Investment performance information Main factors likely to affect future returns for the investors: The net asset value performance (“NAV”) of the Company depends on the performance of underlying portfolio companies and the a bility of the Company to find, p urchase, manage and sell investments in smaller unquoted and quoted companies which are less liquid than investments in large r companies. The performance of individual portfolio companies will also be affected by the broader economic and market conditions. The Company continuously monitor suitability of investments for sale. The share price performance (“Market Price”) of the Company is generally linked to its NAV performance but may also be influe nced, sometimes significantly, by other factors including po rtfolio composition, available cash (to make investments and support operational expenses), newsflow and general economic and market conditions. Shares in listed investment companies generally trade at a discount to the actual NAV of the underlying portfol io of investments. The Market Price of an Ordinary Share in the Company, as well as being affected by the performance of the NAV, is also affected by the volume of trade in its shares (market liquidity), prevailing macro -economic conditions and general inv estor sentiment. As such the market value of Ordinary shares in the Company may vary considerably from the underlying NAV of the product. # Key Information Document Benchmark disclosures including how the PRIIP compares in terms of performance and volatility: The product is not ma naged in reference to a benchmark. Expected outcom e the investor s may expect under severely adverse market conditions : Under adverse market conditions, an investor could suffer significant and prolonged, or even permanent, loss of capital. The maximum possible loss is 100% of the money invested in the Company. There is no minimum guaranteed level of capital to be returned. What could affect my return positively? Higher returns can be expected when the values of underlying investments grow. This may be driven by a wide range of factors including, for example, at an investment level, positive operational performance, raising of further funds at higher valuations, and development of a private company toward a public market listing event. At a wider economic level factors such as strong and stable economic growth, predictable interest rates, expansionary fiscal policy, increased investor interest in a particular investment sector (and so higher market comparable valuations), an d geographic considerati ons may also drive valuation multiple growth. Other factors that could affect returns positively include the ability of the Company to maintain a healthy cash balance to e nsure that the Company is able to make future investments and meet running costs. Good investment performance could be supported further by buoyant financial markets. What could affect my return negatively? Lower returns can be expected when the values of investments made by the Company fall. This may be driven by a wide range o f negative economic factors including for example reduction in market comparable valuation multiples, negative operational or financial performan ce of portfolio companies, declining or negative economic growth, high and volatile interest rates, and contrac tionary or uncertain monetary and fiscal policy. Low cash balances may mean that the Company is unable to make new and follow investments to support portfolio companies growt h, which may also negatively affect both the NAV and Market Price. Broader negati ve economic factors, such as recession, fluctuation in inflation and interest rates, or significant geo -political events can affect general investor sentiment and lead to lessened investment activity in public markets, which in turn result in limited marke t liquidity and a reduction in Market Price. What happens if SEED Innovations Limited is unable to pay out? As a shareholder of SEED Innovations Limited, you would not be able to make a claim to the Financial Services Compensation Sc heme about the Company in the event that the Company were unable to pay any dividends or other returns it may elect to pay from time to time , or if it were unable to pay any amounts due to you on a winding -up. If you sell your Ordinary Shares on the London Stock Exchange , your bank or stockbroker will receive cash on delivery of your shares and should pass that to you. What are the costs? The Reduction in Yield (RIY) shows what impact the total costs you pay will have on the investment return you might get. The total costs take into account one -off, ongoing and incidental costs. The amounts shown here are the cumulative costs of the product itself, for three different holding periods. They include potential early exit penalties. The figures assume you invest 10 000 GBP. The figures are estimates and may change in the future. Costs over time The person selling you or advising you about this product may charge you other costs. If so, this person will provide you wit h information about these costs and show you the impact that all costs will have on your investment over time. Investment GBP 10 000 Scenarios If you cash in after 1 Year If you cash in after 3 Years If you cash in after 5 Years Total costs 464.00 1 392.00 2 320.00 Impact on return (RIY) per year 4.64% 4.64% 4.64% Composition of costs The table below shows the impact each year of the different types of costs on the investment return you might get at the end of the recommend ed holding period and the meaning of the different cost categories. This table shows the impact on return per year One -off costs Entry costs 0.00% The impact of the costs you pay when entering your investment. This is the most you will pay, and you could pay less. Exit costs 0.00% The impact of the costs of exiting your investment when it matures. How long should I hold it and can I take my money out early? Recommended holding period: 5 Years Listed funds are designed to be long term investments and the returns from them can be volatile during their life. You should plan to hold your shares for at least a five -year investment horizon. As the Company's shares are quoted on the AIM market of the London Stock Exchange, you can e xpect to sell them at any time through your bank or stockbroker How can I complain? If you have any complaints about the Company, you may lodge your complaint: - via its website: www.seedinnovations.co - in writing to SEED Innovations Limited, PO Box 343, Obsidian House, La Rue D’Aval, Vale, Guernsey, GY6 8LB. Other relevant information Under AIM rule 26, the Company is required to make further documentation such as the annual and interim reports available on its website. These documents and other information relating to the Company are therefore available online at www.seedinnovations.co The price of the Company's shares may fluctuate and the past performance of the Company is not a guide to future performance. The price at which the Ordinary Shares are sold in the market has not historically tracked the Company's net asset value per Ordinary Share. The cost figures shown are the costs of the product itself, but may not include all the costs you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back. Ongoing costs Portfolio transaction costs 0.00% The impact of the costs of us buying and selling underlying investments for the product. Other ongoing costs 4.64% The impact of the costs that we take each year for managing your investments. Incidental costs Performance fees 0.00% The impact of the performance fee. Carried interests 0.00% The impact of carried interests.