As a Guernsey incorporated company with a UK listing, JZCP’s governance policies and procedures are based on the principles of the UK Corporate Governance Code (the "UK Code") as required under the Disclosure Guidance and Transparency Rules. The UK Code is available on the Financial Reporting Council’s website, www.frc.org.uk.

The Company has complied with the recommendations of the UK Code and thus the relevant provisions of the UK Corporate Governance Code, except for the provisions relating to the tenure of the Chairman and the Chairman serving on the Audit Committee.

The Board considers the following UK Code provisions are not relevant to the position of JZ Capital Partners Limited, being an externally managed investment company. The Company has therefore not reported further in respect of the provisions relating to: the role of the chief executive, executive Directors remuneration and the appointment of a Senior Independent Director.

Guernsey Code of Corporate Governance

The Guernsey Financial Services Commission’s (“GFSC”) “Finance Sector Code of Corporate Governance” (“Guernsey Code”) came into effect on 1 January 2012. The introduction to the Guernsey Code states that companies which report against the UK Corporate Governance Code or the AIC’s Code of Corporate Governance are deemed to meet the Guernsey Code.