Dear Client,

Alpari (UK) Limited – in Special Administration
Joint Special Administrators – Richard Heis, Samantha Rae Bewick and Edward George Boyle

This is notice that, on 29 September 2016, the English High Court made an Order prescribing a procedure by which client money held by Alpari (UK) Limited (in special administration) (“Alpari”) should be distributed to clients. The Order can be viewed and downloaded at www.kpmg.com/uk/alpari.

This is also notice that Richard Heis, Samantha Bewick and Edward George Boyle of KPMG LLP, the Joint Special Administrators of Alpari (the “Joint Special Administrators”), intend to make a final distribution of client money to clients of Alpari, in accordance with the Order.

Alpari intends to distribute all remaining client money.  Clients who have not agreed their client money entitlement or submitted a client money claim to the Joint Special Administrators as set out below by the last date for proving will not be entitled to share in the proposed distribution of client monies.

If you intend to agree your client money entitlement or submit a client money claim you must do so within 21 days from the date of this notice, i.e. on or before 30 October 2016, 23:59 (Greenwich Mean Time), that being the last date for proving.

The Order permits the Joint Special Administrators to apply a de minimis threshold of US$51.50 in respect of claims where there would be a total distribution of less than US$51.50.  The Joint Special Administrators therefore do not intend to make a distribution to clients whose rateable sum for total distribution is less than US$51.50.

Once the remaining client money has been distributed, if you have not agreed your client money entitlement or submitted a client money claim you will no longer be entitled to any distribution from the client money pool.

Provision is being made in Alpari's general estate for creditor claims connected with those clients who have neither agreed their client money entitlement nor submitted a claim in respect of their client money entitlement.

Alpari will assist clients who have not claimed compensation to contact the FSCS in order for those clients to try to make a claim for compensation for their client money entitlement from the FSCS.

The Joint Special Administrators intend to make a final distribution to clients by 24 July 2017.

If you have not yet agreed your closing balance as at 19 January 2015 with the Joint Special Administrators and you do agree with your client money entitlement, please log on to the Claims Portal, accessible at https://www.alpariadministration.com, on or before 30 October 2016, 23:59 (Greenwich Mean Time), that being the last date for proving, and tick that you agree each of your account balances.  After you have done that, please continue through the website, agree the terms and conditions and click "confirm".

If you do not agree with the closing balance as at 19 January 2015, please log on to the Claims Portal, accessible at https://www.alpariadministration.com, on or before 30 October 2016, 23:59 (Greenwich Mean Time), that being the last date for proving, and do not tick the boxes under "Agree".  You will then be asked to provide reasons to substantiate your dispute and will have the opportunity to upload documents to support your dispute. Once you have submitted your claim, the Joint Special Administrators will review your reasons and the documents you have supplied and advise you of the outcome as soon as possible by email.

If you cannot access the Claims Portal, you are requested to contact the Joint Special Administrators via email to alpariukclaims@kpmg.co.uk indicating whether you accept or dispute the closing balance on the statement dated 19 January 2015.  If you dispute the closing balance, please provide reasons to substantiate your dispute.

Pursuant to rule 296(1) of The Investment Bank Special Administration (England and Wales) Rules 2011, where the Joint Special Administrators give, send or deliver any notice or other document to you by electronic means, you may request a hard copy of that notice or document.  If you choose to request a hard copy, the Joint Special Administrators must send it to you within 5 business days of receipt of the request.

If you have any queries, or you wish to request a hard copy of this document, the Joint Special Administrators can be contacted (1) by writing to Alpari (UK) Limited (in special administration), 15 Canada Square, London, United Kingdom E14 5GL, (2) by emailing alpariukclaims@kpmg.co.uk, or (3) by telephoning +44 (0)333 2021397.

Yours faithfully
For Alpari (UK) Limited

Edward Boyle
Joint Special Administrator

Richard Heis and Samantha Rae Bewick were appointed as joint special administrators of Alpari (UK) Limited on 19 January 2015, and Edward George Boyle was appointed as joint special administrator of Alpari (UK) Limited on 15 July 2016.

The affairs, business and property of Alpari (UK) Limited are being managed by the joint special administrators who contract as agents of Alpari (UK) Limited without personal liability.

Richard Heis, Samantha Rae Bewick and Edward George Boyle are authorised to act as insolvency practitioners by the Institute of Chartered Accountants in England and Wales.

Alpari (UK) Limited is authorised and regulated by the Financial Conduct Authority. FCA reference number 448002. Registered in England No. 05284142. Registered Office: 15 Canada Square, London, E14 5GL.