This document has been prepared by Green Hedgehog Private Ltd. (“Green Hedgehog”), part of Vulpes Investment Management. This presentation does not constitute an offer to sell or the solicitation of an offer to buy any securities, which will only be made by means of an offering memorandum and subscription documents. You may not rely on this presentation as the basis upon which to make an investment decision. This presentation does not purport to be complete on any topic addressed. The information in this presentation is preliminary and subject to change without notice and is provided to you as of the dates indicated and Green Hedgehog does not intend to update the information after its distribution, even in the event that the information becomes materially inaccurate. An investment in the proposed fund will be suitable only for certain financially sophisticated prospective investors who meet the eligibility requirements to be further described in the offering memorandum and subscription documents.

No representation, warranty or undertaking, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or the opinions contained herein. This presentation is not intended to provide, and should not be relied upon for, tax, legal, accounting or investment advice. Prospective investors should consult their own professional advisors concerning the acquisition, holding or disposal of the securities. Neither Green Hedgehog nor any of its respective affiliates, advisors, agents or representatives including directors, officers and employees shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection with the presentation. This presentation is highly confidential, is being given solely for your information and use, and may not be shared, copied, reproduced or redistributed to any other person.

In considering any performance data contained in this presentation, you should bear in mind that past or targeted performance is not necessarily indicative of future results. Any target data or other forecasts contained herein are based upon subjective estimates and assumptions about circumstances and events that may not yet have taken place and may never do so.

This message is strictly confidential and intended solely for the use of the intended recipient(s). The recipient of this communication should not copy, disclose or distribute this communication without permission from Green Hedgehog. This communication is for information purposes only and should not be regarded as an offer to sell or as a solicitation of an offer to buy any financial product, or as an official statement of Green Hedgehog. The material is based upon information that Green Hedgehog consider reliable, but Green Hedgehog does not represent that it is accurate or complete, and it should not be relied upon as such. As such, Green Hedgehog does not accept any responsibility or liability for the accuracy or otherwise of such information.

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