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If you are in any doubt about the contents of this Prospectus, the risks involved in investing in the Company or the suitability for you of investment in the Company, you should consult your stock broker, bank manager, solicitor, accountant or other independent financial adviser. Prices of shares in the Company’s Sub-Funds may fall as well as rise. ___________________________ MORI UMBRELLA FUND PLC (An open-ended umbrella investment company with variable capital incorporated with limited liability in Ireland under the Companies Act 2014 with registration number 282792 and established as an undertaking for collective investment in transferable securities pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations, 2011, as amended and with segregated liability between Sub-Funds. ___________________________ Mori Eastern European Fund Mori Ottoman Fund Investment Manager MORI CAPITAL MANAGEMENT LIMITED Dated 22 December 2020 PRELIMINARY THIS PROSPECTUS MAY BE ISSUED WITH ONE OR MORE SUPPLEMENTS EACH CONTAINING SPECIFIC INFORMATION RELATING TO A PARTICULAR SUB-FUND. THIS PROSPECTUS AND ANY RELEVANT SUPPLEMENT SHOULD BE READ AND CONSTRUED AS ONE DOCUMENT. TO THE EXTENT THAT THERE IS ANY INCONSISTENCY BETWEEN THIS PROSPECTUS AND ANY SUPPLEMENT, THE RELEVANT SUPPLEMENT SHALL PREVAIL. This Prospectus does not constitute, and may not be used for the purposes of, an offer or solicitation to anyone in any jurisdiction in which such offer or solicitation is not authorised, or to any person to whom it is unlawful to make such offer or solicitation. The distribution of this Prospectus and the offering of Shares in certain jurisdictions may be restricted and, accordingly, persons into whose possession this Prospectus comes are required to inform themselves about, and to observe, such restrictions. Prospective investors should inform themselves as to (a) the legal requirements within their own jurisdictions for the purchase or holding of Shares, (b) any foreign exchange restrictions which may affect them, and (c) the income and other tax consequences which may apply in their own jurisdictions relevant to the purchase, holding or disposal of Shares. The latest published annual and half yearly reports of the Company will be supplied to the Shareholders free of charge on request and will be available to the public as further described in the section of the Prospectus headed “Report and Accounts”. The Directors of the Company, whose names appear under the heading "Management and Administration of the Company", accept responsibility for the information contained in this Prospectus. To the best of the knowledge and belief of the Directors (who have taken all reasonable care to ensure that such is the case) such information is in accordance with the facts and does not omit anything likely to affect the import of such information. The Directors accept responsibility accordingly. Investors should note that because investments in securities can be volatile and that their value may decline as well as appreciate, there can be no assurance that a Sub-Fund will be able to attain its objective. The price of Shares as well as the income therefrom may fall as well as rise to reflect changes in the Net Asset Value of a Sub-Fund. An investment in a Sub- Fund should only be made by those persons who could sustain a loss on their investment, should not constitute a substantial proportion of an investment portfolio and may not be appropriate for all investors. Authorisation of the Company by the Central Bank does not constitute a warranty as to the performance of the Company and the Central Bank shall not be liable by virtue of its authorisation of the Company, for any default, or for the performance of the Company. Central Bank Authorisation Mori Umbrella Fund plc (the "Company") is an open-ended umbrella type investment company with variable capital authorised by the Central Bank pursuant to the UCITS Regulations. The authorisation of the Company is not an endorsement or guarantee of the Company by the Central Bank nor is the Central Bank responsible for the contents of this Prospectus. Any representation to the contrary is unauthorised and unlawful. Selling Restrictions No person has been authorised to issue any advertisement or to give any information, or to make any representations in connection with the offering, placing, subscription or sale of Shares other than those contained in this Prospectus and, if issued, given or made, such advertisement, information or representations must not be relied upon as having been authorised by the Company. Neither the delivery of this Prospectus nor the offer, placement, allotment or issue of any of the Shares shall under any circumstances create any implication or constitute a representation that the information given in this Prospectus is correct as of any time subsequent to the date hereof. M-13357750-73 2 None of the Shares have been, nor will be, registered under the United States Securities Act of 1933 (the “1933 Act”) and, except in a transaction which does not violate the 1933 Act or any other applicable United States securities laws (including without limitation any applicable law of any of the States of the United States), none of the Shares may be directly or indirectly offered or sold in the United States of America, or any of its territories or possessions or areas subject to its jurisdiction, or to or for the benefit of a US Person. Neither the Company nor any Sub-Fund will be registered under the United States Investment Company Act of 1940. The Investment Manager is not a registered investment adviser under the US Investment Advisers Act of 1940, as amended or the Private Fund Investment Advisers Registration Act 2010 and is not obligated to pursue or obtain any such registration with respect to the Company or the Sub-Funds. Notwithstanding the foregoing prohibition on offers and sales in the United States or to or for the benefit of US Persons, the Company may make a private placement of its Shares to a limited number or category of US Persons. Russia The Shares may only be purchased by persons in Russia who are qualified investors within the meaning of Russian Securities Market Federal Law. Listing on Euronext Dublin Application has been made to Euronext Dublin for the Class M USD shares of Mori Eastern European Fund to be admitted to the Official List and to trading on the Regulated Market of Euronext Dublin. This Prospectus, including all information required to be disclosed by Euronext Dublin listing requirements and procedures, comprise listing particulars for the purpose of such application. The Class A, B, AA GBP, M EUR, C GBP Shares of Mori Eastern European Fund and the Class A, C USD, C EUR, C GBP, AA GBP and M USD Shares of Mori Ottoman Fund are currently listed on Euronext Dublin. Neither the admission of the Class M USD shares of Mori Eastern European Fund to the Official List and to trading on the Regulated Market of Euronext Dublin nor the approval of the Prospectus pursuant to the listing requirements of Euronext Dublin shall constitute a warranty or representation by Euronext Dublin as to the competence of service providers to or any other party connected with the Company, the adequacy of information contained in the Prospectus or the suitability of the Company for investment purposes. The Directors confirm that there has been no significant change in the financial or trading position of the Company since 30 September 2019, the date to which the audited financial statements have been prepared, other than ordinary investments of the Company and its sub-funds. Reliance on this Prospectus Statements made in this Prospectus are based on the law and practice in force in the Republic of Ireland at the date of the Prospectus as the case may be, which may be subject to change. Neither the delivery of this Prospectus nor the offer, issue or sale of Shares in the Company shall under any circumstances constitute a representation that the affairs of the Company have not changed since the date hereof. This Prospectus will be updated by the Company to take into account any material changes from time to time and any such amendments will be notified in advance to the Central Bank. Any information or representation not contained herein or given or made by any broker, salesperson or other person should be regarded as unauthorised and should accordingly not be relied upon. Investors should not treat the contents of this Prospectus as advice relating to legal, taxation, investment or other matters. You should consult your stockbroker, accountant, solicitor, independent financial adviser or other professional adviser. The Company will, on request, provide supplementary information to Shareholders relating to the risk management methods employed including the quantitative limits that are applied and any recent developments in the risk and yield characteristics of the main categories of investments. M-13357750-73 3 Risk Factors Investors should read and consider the section entitled "Risk Factors" before investing in the Company. Translations This Prospectus may also be translated into other languages. Any such translation shall only contain the same information and have the same meaning as the English language Prospectus. To the extent that there is any inconsistency between the English language Prospectus and the Prospectus in another language, the English language Prospectus will prevail, except to the extent (but only to the extent) required by the law of any jurisdiction where the Shares are sold, that in an action based upon disclosure in a Prospectus in a language other than English, the language of the Prospectus on which such action is based shall prevail. Shareholders should note that the investment management fees, or a portion thereof, may be charged to the capital of the Company.
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