Regulatory Information

21 Partners S.p.A. - Group holding company

sede legale : viale G. Felissent 90, 31100 Treviso
capitale sociale: Euro 2.004.212 i.v.
codice fiscale e iscrizione al Registro delle Imprese di Treviso n. 03397160262

21 Investimenti SGR S.p.A. - Management company of Italian closed-end private equity funds

Company Information
Company name: 21 INVESTIMENTI SGR S.P.A.
Business Entity: SOCIETÀ DI GESTIONE DEL RISPARMIO
Headquarters: Viale G. Felissent 90, 31100 Treviso
Share Capital: Euro 1,090,236 wholly paid
Tax Number, VAT Number and Treviso Register of Companies no: 03553080965
Phone: +39 0422 31 66 11
Fax: +39 0422 31 66 00

21 INVESTIMENTI SGR S.P.A. is a portfolio management company licensed to operate by the Bank of Italy and is registered under no. 177 of the official Roll held by the Bank of Italy under article 35 of the Consolidated Finance Act. Prior to any investment decision, we recommend investors to take note of the warnings and risk factors set forth in the regulations of the Fund.

For any further information on the policies and procedures adopted by 21 Investimenti SGR S.p.A., please contact info@21investimenti.it.

21 Centrale Partners S.A. - Management company of French closed-end private equity funds

Company Information
Company name: 21 CENTRALE PARTNERS
Business Entity: SOCIETE ANONYME A DIRECTOIRE ET CONSEIL DE SURVEILLANCE
Headquarters: 9 AVENUE HOCHE - 75008 PARIS - France
Share Capital: 1,427,925 €
Registry Number: RCS PARIS 421 257 270
SIRET: 421 257 270 00015
APE code: 6630Z
VAT number: FR47.421.257.270
Phone: +33 (0) 1 56 88 33 00
Fax: +33 (0) 1 56 88 33 20

21 Centrale Partners is a portfolio management company approved by the French Market Authority (AMF) under the number GP 99-06. 21 Centrale Partners manages professional private equity funds not subject to AMF approval, reserved for professional investors (Articles L.214-160, L. 214-155, L.214-144, L. 533-16 of the French Monetary and Financial Code).
The attention of investors is drawn to the fact that investing in funds managed by 21 Centrale Partners presents inherent risks.
As a result, and prior to any investment decision, we recommend investors to take note of warnings and risk factors set forth in the regulations of the Fund.

Policy to prevent and manage potential conflicts of interest
In accordance with regulation, 21 Centrale Partners S.A. has a policy for preventing and managing potential conflicts of interest to detect and, if necessary, to deal equitably conflicts of interest which may arise in conducting activities. The identification of conflicts of interest led 21 Centrale Partners to develop a mapping of the main sources of potential conflicts of interest resulting from its organization and/or its activities which could be detrimental to the interests of its clients.

21 CP - Policy to prevent and manage conflict of interest.pdf

Policy for voting rights exercise
In accordance with articles 314-100 to 314-102 of the General Regulation of the French Market Authority, 21 Centrale Partners S.A. has an voting rights policy to define the conditions whereby it intends to exercise voting rights attached to listed shares which may be held by the private equity funds it manages. The exercise of voting rights aims to preserve the interests of investors in the private equity funds managed by 21 Centrale Partners S.A. 21 Centrale Partners produces and annual report on the exercise of such voting rights, available to any investor upon request to the management company.

21 CP - Policy for voting right exercise.pdf

Customer complaints management
In accordance with the article 313-8 of the General Regulation of the AMF and AMF instruction No. 2012-07, 21 Centrale Partners S.A. has a procedure for the management of customer complaints.
Only statements regarding customer dissatisfaction against 21 Centrale Partners SA are concerned. Information requests, advice, clarification or service delivery are thus excluded from this policy.
Any complaints may be addressed to Mr. Cedric Abitbol, Head of Compliance and Internal Control at 21 Centrale Partners:
- Phone: +33 1 56 88 33 00
- Fax: +33 1 56 88 33 20
- Mail: 21 Centrale Partners, 9 avenue Hoche, 75008 Paris
- Email: rcci@21centralepartners.com

21 Centrale Partners agrees to send a response to the client by email or mail within a maximum period of two months from the date of receipt of the claim, except in the event of duly justified special circumstances.
In case of rejection or refusal to grant all or part of the claim, possible remedies are stated in the response including reference to and details of the "Mèdiateur" of the Financial Markets Authority:
Autorité des Marchés Financiers
Médiateur de l'AMF
17 place de la bourse
75082 Paris Cedex 02

The AMF's mediation charter is accessible on the AMF website:
http://www.amf-france.org/affiche_page.asp?urldoc=mediateur.htm&lang=fr&Id_Tab=0

The process is confidential and no specific fee will be charged to the client in respect of the processing of the latter's claim.