UK Stewardship Code

Commitment to the UK Stewardship Code

Under Rule 2.2.3R of the Financial Conduct Authority's Conduct of Business Sourcebook, Mariana Investment Partners LLP (the "Firm") is required to make accessible disclosure of the nature of its commitment to the UK Financial Reporting Council's Stewardship Code (the "Code") or, where it does not commit to the Code, its alternative investment strategy. The Code is a voluntary code and sets out a number of principles relating to engagement by investors with listed UK equity issuers. Investors that commit to the Code can either comply with it in full or choose not to comply with aspects of the Code, in which case they are required to explain their non-compliance.

The Firm pursues an investment strategy that involves it investing in a variety of global equities and exchange traded funds. For investment decisions relating to investments in global equities, the Firm will rely upon publicly available data which does not necessitate engagement with company management. Additionally, UK listed equities are likely to constitute only a small portion of the portfolio and therefore the Code will only be directly relevant to limited aspects of the Firm's trading. As a result, the Firm has chosen not to commit to the Code.