Glendower Capital SOF IV, LP. 3 Endnotes (1) Glendower Capital Secondary 4ipartunities Fury] IV. LP. real' re or the 'Fund-) it being formed ty Glendower Capital LIP (rGienticier), an appsinted rept eseraative of Mirabelli Advisers LIP, which is authorised rind regulated by the I/niter. kingdom Finandal Conduct At:their ity Ut Mature funds it iclude ;or, SOF Ei ate, 501 le °reran SOF Piperarn inCluCtr: soft, sof sor b an, SOF u1. Performance figures have been sakt.iater: baser:. or. the unaudited performars:e results of SOF. SOF Et SOF II and SOP lit as of September Xi, 101.7 and should he read are renewed in a:rip:nation with the inte, iiiitarit trifottnation" are 'Notes to Wet:Mien( Peri ornense Infornetion- setticeus of the itcicuMeilL Gnu's tetrYte ate gips: di fees; ecuenses anc <Jerk, interest. Net performance reflects ante:tints net at *menses, revs and carried) interest. Past performance 0, rot a prediction of the future perlornwise of SOF. SOF Et SOF IE or SOF Id but di inducer. to dernoratrate the last reterc of the GlenOowei Team anc there can be re; :03;;M-b* that. SOF ri will achieve a/Wearable resbIts, sor o roderionanatefo ft DC Crievellenal the !Rpv:rotecr .30, 2017 filiklujs, rate of .1.1.332;:, (9) Noth SOF and SOF D art ininysterl in the Dainrs.i PVI.telto —a well diversifier; portfolio of 28 privake levity fund t putteiree through an SVsr, proveling Cp.:IP:IC kr: buyr:ut, Special iittericieusiinto fe capital aei era i estate it stag..: el Nor 4: OA. Europe mei Asia- The trim thee al mfecs and crh-rainies is a best estinlate and shows the aggregate of each real at dosing are may usduce some doable counting. (S) lource: Cambridge Associates Seconcialies Pend:ma:lc st*tialcs pf "eteernber 30, 2-417 basec on data corripl -i from 140 secondary fund; with a minimum of 8 flints per year, inducing lofty licuicatec parnieryhips, formed between 2009 and 414 lath SOF Fund is stKiwn benchinarked against their tespecte.v.Aritateti per gro