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Important Information

Please Read Carefully

This document (the “Invitation” or “Invitation Document”) constitutes an invitation to contribute to the business start up costs of Brecon Inns Ltd (the “Company”) on the terms and conditions set out in this Invitation.

Before you make any contribution to Brecon Inns Ltd you should make sure that you fully understand the terms which are set out in the Invitation Document and you should determine whether they are suitable for you on the basis of all the information contained in the Invitation Document.

In the event that the Company becomes insolvent, you may lose some or all of your contribution.

Contributors should not subscribe to The Company except on the basis of the information published in this Invitation and the terms and conditions constituting the offer.

Prospective contributors should consider carefully whether a contribution to The Company is suitable for them in light of their personal circumstances.

The benefits accruing from a contribution to The Company do not give the contributor any share in The Company and no monetary dividends will be paid.

The contributors benefits are not transferable or negotiable.

This Invitation is issued by the Company which accepts responsibility for the information contained herein.

This Invitation does not constitute an offer of transferable securities to the public and, accordingly, this Invitation does not constitute a prospectus to which the Prospectus Rules of the Financial Conduct Authority apply.

You should ensure that you have read and understood all of this Invitation Document before making a contribution.

If you are in any doubt as to the contents of this Invitation, or whether contributing to The Company is suitable for you, you should seek your own independent advice.

The benefits from contributing to The Company are not protected from loss by the Financial Services Compensation Scheme.

Copyright © 2015 Brecon Inns Ltd