UK Stewardship Code Statement

Pursuant to Rule 2.2.3R of the Financial Conduct Authorities ("FCA") Conduct of Business Handbook, Balyasny Europe Asset Management LLP ("BEAM") is required to include on its website a disclosure statement explaining why BEAM does not commit to the UK Financial Reporting Council's Stewardship Code (the "Code"). BEAM provides investment advisory services to private investment funds that trade (amongst other instruments) equity and equity linked securities of publicly listed companies and derivatives thereon. However, given the investment strategies of these private investment funds, the Code is generally not relevant to BEAM and its trading activities and the trading activities of the private investment funds. In this connection, although BEAM generally supports the Code's principles, it is not appropriate for BEAM to commit to the Code.