Risk Disclosure

This Risk Disclosure Statement is provided by Kama Capital LLC and its affiliated entities (collectively "Kama Capital") in accordance with applicable regulatory requirements. It is intended to inform you of the material risks associated with trading Contracts for Difference (CFDs) and other leveraged financial instruments.

By opening an account and trading with Kama Capital, you acknowledge that you have read, understood, and accepted the risks described in this document. This statement does not disclose all risks — it highlights the most significant ones. You should seek independent financial advice if you are uncertain about the suitability of these products for your circumstances.

CFDs are complex financial instruments. They are derivatives that allow you to speculate on the price movements of underlying assets — including currencies, metals, indices, commodities, and equities — without owning the underlying asset.

The key risks of CFD trading include:

Leverage Risk: CFDs are traded on margin, meaning a small initial deposit controls a much larger position. While leverage can amplify profits, it equally amplifies losses. You may lose more than your initial deposit on non-retail accounts.

Market Risk: Prices of underlying assets can move rapidly and unpredictably. Market events, economic data releases, geopolitical developments, and changes in liquidity can all cause sudden and significant price movements.

Volatility Risk: Some instruments — particularly commodities, indices, and emerging market currencies — can experience extreme price volatility. This may result in rapid and substantial losses.

Gap Risk: Markets can gap (jump from one price to another without trading at intermediate prices), particularly at market open or following major news events. Stop-loss orders may not protect against gap risk.

Kama Capital offers leverage of up to 1:500 on certain instruments for retail clients. Higher leverage increases both potential profit and potential loss.

Margin Call: If your account equity falls below the required margin level, Kama Capital may issue a margin call requiring you to deposit additional funds. Failure to meet a margin call may result in the automatic closure of some or all of your open positions.

Stop Out Level: Kama Capital operates a stop-out level of 20%. This means that if your margin level falls to 20%, positions will begin to be closed automatically, starting with the least profitable, to prevent your account balance from going negative.

Negative Balance Protection: Retail clients are protected against negative balances. Your losses cannot exceed your deposited funds on retail accounts. This protection does not apply to professional or institutional accounts.

Under certain market conditions, it may be difficult or impossible to execute an order at the desired price. This can occur during periods of high volatility, low liquidity, or around major economic announcements.

Kama Capital acts as a market maker for certain instruments, meaning it may be the counterparty to your trades. In such cases, there is an inherent conflict of interest, which Kama Capital manages through its regulatory obligations and internal policies.

Execution at the quoted price is not guaranteed. Slippage — the difference between the expected price and the actual execution price — can occur in fast-moving markets.

If your account is denominated in a currency different from the base currency of the instrument you are trading, you are exposed to currency risk. Fluctuations in exchange rates can increase or decrease the value of your positions and your account balance.

For example, if you hold a position in a USD-denominated instrument but your account is in AED, movements in the USD/AED exchange rate will affect your profit or loss when converted back to AED.

Electronic trading systems, including the MetaTrader 5 (MT5) platform, are subject to technical failures. These may include internet connectivity issues, server outages, software bugs, or hardware failures.

During periods of system unavailability, you may be unable to place, modify, or close orders. Kama Capital is not liable for losses arising from technology failures outside its reasonable control.

You are responsible for ensuring you have a reliable internet connection and appropriate hardware to access the trading platform. Kama Capital recommends maintaining alternative means of contacting the dealing desk during periods of system disruption.

The regulatory environment for financial services can change. New laws, regulations, or guidance may affect the products and services available to you, the costs of trading, or the protections you receive.

Kama Capital operates under three regulatory licences:

• UAE Capital Markets Authority (CMA) — Category 1 & 5: Covering dealing in investments, execution, and arrangement of deals in the UAE. • Financial Services Commission (FSC), Mauritius: Covering international client onboarding and institutional relationships. • Financial Services Authority (FSA), St. Vincent and the Grenadines: Providing international operational flexibility.

The level of regulatory protection varies between jurisdictions. Clients onboarded under the FSA SVG entity may have fewer regulatory protections than those onboarded under the UAE CMA or FSC Mauritius entities.

When you trade with Kama Capital, you are exposed to counterparty risk — the risk that Kama Capital may be unable to meet its financial obligations to you. While Kama Capital is regulated and maintains adequate capital as required by its regulators, no financial institution is entirely without risk.

Kama Capital does not offer segregated client accounts. Client funds are held in accordance with applicable regulatory requirements, but are not held in segregated accounts separate from the firm's own funds.

CFDs and leveraged products are not suitable for all investors. Before trading, you should carefully consider your investment objectives, level of experience, risk appetite, and financial situation.

You should only trade with money you can afford to lose. Past performance is not indicative of future results. The value of your investments can go down as well as up.

Kama Capital is required to assess whether its products are appropriate for you based on your knowledge and experience. If you are classified as a retail client, you benefit from the highest level of regulatory protection. If you elect to be treated as a professional client, some protections — including leverage limits — may not apply.

By trading with Kama Capital, you confirm that:

• You have read and understood this Risk Disclosure Statement in full. • You understand that trading CFDs and leveraged products carries a high level of risk and may not be suitable for you. • You accept that you may lose some or all of your invested capital. • You have sought independent financial advice where appropriate. • You will not trade with funds you cannot afford to lose.

This Risk Disclosure Statement was last updated in April 2026. Kama Capital reserves the right to update this document at any time. The most current version will always be available on this page.

For questions regarding this disclosure, please contact: compliance@kama-capital.com