European MiFID Template

Pharmakon Advisors LP (the “Manager”) is using the European MiFID Template (EMT) as the format to disseminate information to distributors about BioPharma Credit plc (the “Company”). The EMT is strictly for information purposes and should not be considered as an offer, investment recommendation or solicitation to deal in the shares of the Company and do not constitute investment research. The Manager has prepared the EMT using information it reasonably considers to be accurate. However, the Manager makes no warranty that the information contained in the EMT is appropriate or sufficient for any particular use or in any particular territory.