Whilst great care is taken at all times in calculating portfolio values or quoting prices for policy investments, Allan Gray Life Limited accepts no responsibility for the correctness of values or prices on any given business day if it is required to provide such values or prices prior to 12:00 pm on that day or if at any time, any error is the result of circumstances beyond its reasonable control. Allan Gray Life Limited shall therefore not be liable for any loss or damages of whatsoever nature and howsoever suffered as a result of reliance on incorrect values or prices provided under the circumstances described above.

Prices are calculated on a net asset value basis. The single price (NAV) per unit reflects the total assets of a portfolio less permissible deductions divided by the number of units in issue. Permissible deductions include any costs related to running a portfolio e.g. trustee/custodian fees, audit fees, manager's annual service fee and regional services council levies, STT and brokerage.

The Orbis Funds are priced weekly on Thursdays and at the end of each month and are updated on our website the following Monday. The Prices reported above are the official prices at which clients transact. Events occurring during the time gap between market close and the normal Fund valuation time sometimes result in the closing prices normally used in the valuation of the Funds' portfolios not reflecting fair value. Where conditions warrant, the Funds' valuations for investors transacting will be adjusted, using prices determined by independent pricing agencies to better reflect fair value. The official prices at which clients transact are calculated and reported by the Funds' independent Administrator. Please contact us at info@allangray.co.za if you would like more information.