Lucy Heintz - Actis

The description of Actis' process in evaluating investments reflects the opinions of Actis and of the typical investment process (or intended investment process) as of March 2025, but this investment process can vary for particular investments and is subject to change at Actis' discretion and without prior notice. References to 'mitigating risk' does not guarantee against risk and does not protect against losses. General discussions contained in this document regarding the Indian or South East Asian market or market conditions represent the view of either the source cited or Actis. Such information is not research and should not be treated as research. Moreover, there is no assurance historical trends will continue. The information referenced herein is as of March 2025, unless otherwise indicated, is subject to change.