Glendower Capital SOF IV, LP. Endenotes (.0 Glendower Capita; Secondary 4iporturrities Fun.] hi. LP. rs7JF he or the 'Fund.) is being forme:: by .31+r:rower Capital LIP eGiereicieri., an ape...kited rem efemotive of Miratiella Advisers LIP, which is authorised and regulated by the United: king0tunrinarai4lConceetAt:tivirity (M Mature funds iiiciudir . sor.SOF D anc >OF le °reran $01 Pie:yarn sr:Ch.C‘r; sort, SOF Q, SOV it an, SOF iti Perforn terse* figure; hare been calcuiatee baser; or. the unaudited perttxmars:e results or sor. SOF D, SOF Ir inc 50r HI as of September 201.7 and should he read arc renewed in o.:ajunotIon with the irrird.ortara. Infonnation" arc 'Notes to inve,,Mient Perform:once Infornehon- s(:::.faan.s of this. i:Saaneril_ GI,x:s more are gros: of fern:, eafrenses am terrier, interest. Net performance retie:Ls arn:::::nts net Cr expenS4C., tees snø carries interest. Past performance is rot a (.11tieeliOll of tror future pelornwice of $OF. SOV O. SOF SOF iii bold: ini.luder, to dernoratrate the trast rettet of the Glen:Ante Team :one tirre can be rma13:.~1:":: that. SOF ri will a:Newton:parable resgts, (.:1) sor 0 b roderrominatec Ft re Convener...It the Secterramr ;XL 2017 fil.laluSta rate of 1.182;:, (4) het, SOT ail $OF D art el:rested in the Daiiiro Pir Sale —a well dieersifier: portfolio Or 28 private ecuite funds porchased through an WV, provenly enemure to buyout, special situations. rr capita( and rtx.rl estate strateAe.' ei North Autka. Europe an:; Asia- The .gin er of lure,. and corm:Imes is a best estIn'ate and shows the aggregate of each deal at closing :mid may induce some double counting. (S) Source: Cambridge Asscciates Seconnars PenchtnaN st*ti:xles ci September 30, a 417 basin, on data dorripl - from 140 ~Mar, funds with a minina.ni of Shire.: per year, including lolly licuicatec partner; hire, formed between 2044 and 414 Each SOF lund r,. strewn benchmarked against their leSee:rne s'intaliefler group. TG's inf