H&Q LIFE SCIENCES INVESTORS HQL

expiry = 2011-05-31...)(i) H&Q LIFE SCIENCES INVESTORS NOTICE OF OFFER TO PURCHASE FOR CASH UP TO 35% OF THE FUND'S ISSUED AND OUTSTANDING SHARES OF BENEFICIAL INTEREST AT 98% OF NET ASSET VALUE PER SHARE THE OFFER PERIOD WILL EXPIRE AT 11:59 P.M., EASTERN TIME, ON MAY 31, 2011, UNLESS THE OFFER IS EXTENDED. To All Shareholders of H&Q Life Sciences Investors: H&Q Life Sciences Investors (the "Fund") is offering to purchase for cash up to thirty-five percent (35%) of the Fund's issued and outstanding shares of ben...

expiry = 2011-05-31...as of the close of regular trading on the New York Stock Exchange on the business day immediately following the day the offer expires (“Pricing Date”). The Tender Offer commenced on May 3, 2011, and will expire at 11:59 p.m., Eastern time, on May 31, 2011, unless extended (the “Expiration Date”). In the event that the number of shares properly tendered and not withdrawn prior to the Expiration Date exceeds the Offer Amount, the Fund will, upon the terms and subject to the conditions of the...

listed = True...ordinary course of business); any material changes in the Fund's present capitalization (except as resulting from the Offer or otherwise set forth herein); or any other material changes in the Fund's structure or business. 7. Price Range of Shares. The Shares are traded on the NYSE. During each fiscal quarter of the Fund during the past two fiscal years (as well as the two fiscal quarters ended December 31, 2010 and March 31, 2011), the high and low NAV, and market price per Share, as well as the closing NAV and market price per Share (as of the close of regular trading on the NYSE on the last day of each of the Fu...

mechanism = NAV_PERCENT...ex-99_a1i.htm EX-99.(A)(1)(I) QuickLinks -- Click here to rapidly navigate through this document Exhibit (a)(1)(i) H&Q LIFE SCIENCES INVESTORS NOTICE OF OFFER TO PURCHASE FOR CASH UP TO 35% OF THE FUND'S ISSUED AND OUTSTANDING SHARES OF BENEFICIAL INTEREST AT 98% OF NET ASSET VALUE PER SHARE THE OFFER PERIOD WILL EXPIRE AT 11:59 P.M., EASTERN TIME, ON MAY 31, 2011, UNLESS THE OFFER IS EXTENDED. To All Shareholders of H&Q Life Sciences Investors: H&Q Life Sciences Investors (the "Fund") is offering to purchase for cash up to thirty-five percent (35%) of the Fund's issued and outstanding shares of beneficial interest ("Offer A...

price = USD 13.62...shareholders tendered all Shares offered for purchase pursuant to the Offer, payments by the Fund to the participating shareholders would be approximately $106,201,366 (based on a price per Share of $13.62, which is approximately 98% of the NAV as of the close of the regular trading session of the NYSE on April 27, 2011). To pay the aggregate purchase price of Shares accepted for payment pursuant to the Offer, the Fund an...

threshold = 100...nt to the Tender Offer, including holders of “odd lots.” There can be no assurance that the Fund will be able to purchase all the shares that a shareholder tenders, even if such shareholder tenders all of such shareholder’s shares and even if such shareholder owns fewer than 100 shares in the aggregate. Shareholders may withdraw their tenders at any time prior to the Expiration Date. The Tender Offer is being made on the terms and subject to the conditions set forth in the Offer Notice and related Letter of Transmittal, which were mailed on or about May 3, 2011 to record holders of shares. This announcement is not a re...

txn_type = TENDER_OFFEREX-99.(A)(1)(I) 2 a2203672zex-99_a1i.htm EX-99.(A)(1)(I) QuickLinks -- Click here to rapidly navigate through this document Exhibit (a)(1)(i) H&Q LIFE SCIENCES INVESTORS NOTICE OF OFFER TO PURCHASE FOR CASH UP TO 35% OF THE FUND'S ISSUED AND OUTSTANDING SHARES OF BENEFICIAL INTEREST AT 98% OF NET ASSET VALUE PER SHARE THE OFFER PERIOD WILL EXPIRE AT 11:59 P.M., EASTERN TIME, ON MAY 31, 2011, UNLESS THE OFFER IS EXTENDED. To All Shareholders of H&Q Life Sciences Investors: H&Q Life Sciences Investors (the "Fund") is offering to purc...

txn_type = TENDER_OFFER...te. The Tender Offer is being made on the terms and subject to the conditions set forth in the Offer Notice and related Letter of Transmittal, which were mailed on or about May 3, 2011 to record holders of shares. This announcement is not a recommendation, an offer to purchase or a solicitation to sell any securities of the Fund. The Tender Offer will be made only by an Offer Notice, a related Letter of Transmittal and other documents which have been filed with the Securities and Exchange Commission as exhibits to a tender offer statement on Schedule TO. Shareholders of the Fund should read the Offer Notice an...