Under Rule 2.2.3R of the FSA's Conduct of Business Sourcebook, Elliott Advisors (UK) Ltd. and Elliott Advisors (London)
LLC (the "Firm") are required to include on this website a disclosure about the nature of their commitment to the UK Financial
Reporting Council's Stewardship Code (the "Code") or, where they do not commit to the Code, their alternative investment
strategy. The Code is a voluntary code and sets out a number of principles relating to engagement by investors with UK
equity issuers. Investors that commit to the Code can either comply with it in full or choose not to comply with certain
aspects of the Code, in which case they are required to explain their non-compliance.
The Firm pursues a multi-strategy investment approach, including strategies that involve investing in global equities,
including UK equities. The Code is therefore only relevant to some aspects of the Firm's trading. While the Firm generally
supports the objectives that underlie the Code, the Firm has chosen not to commit to the Code. The Firm invests in a variety
of asset classes and in a variety of jurisdictions. The approach/policies of the Firm in relation to engagement with issuers
and their management are therefore determined globally, on a group wide basis. The Firm takes a consistent global approach to
engagement with issuers and their management in all of the jurisdictions in which it invests and, consequently, does not consider
it appropriate to commit to any particular voluntary code of practice relating to any individual jurisdiction.