Glendower Capital SOF IV, LP. Endnotes (I) Glendower Capital Secondary 4 , ortunities Fun:ill/. LP. rs:JF re or the Ifunti..) being ferrne.:; .31+r:dower Capital LIP eGiergicieri, an app....imed repiefena ative of Mirabella AMbers LIP, which is authorised and regulated by the Unite: kingdoen finandalConcyciALtlysity U) Mature funds iiicludir ,or. SO(' anr, >OF It; °reran $OF Prette Iffelf.Cfr; sor, Stir F.),50f Ir an, SOF id Perforntanee figure.; hare been calculated based on the unaudited pertrxmars:e results of SOF. SOF D, SOF It a DC SO! PI as of September XI, 2017 and should he read art renewed in c:ajtaletIon with the ireird.ortara. trifoneation" arc 'Notes to inve,:tnient Performance infornaition- :actions of this iine.fanefil. QI,x,s mote are taos: of fern:, eapenses and carried interest. Net performance reflects teieanis net et expense:, tees ane (at r ien interest. Past pederMantat is not a Preeichon of the future pedurranee of ser, SOF D..OF It V 501 bl but r:, inducer, to evnor*-uatir Lite track newt:, c1 the Gleiw:fay..e: Team and the, can be re; that. SOF ri will a:hieve corr.paratile cetbes, ltj sor 0 b roCeriominatec ne Consrerneeat the ieptii:rotear ;XL 2017 ritialuSS rate et 1.1821, (4) Bath SOT tral SOF D are Mvestec in the Daiirry.i Pvtfolio —a well (Intranet: portfolio or 28 private en ut funds porcte:ed through an WV, providing enmsuie r, ,uy.ut, special situations. yentorr tamitai .enel estate yl steg..: el North Autka. Europe arxt Asia- Pet rgatiber Cl lute% and corm Imes is a best estIn'ate and shows the aggregate of earl, deal at dosing ane may induce some double counting. ($) Source: Cambridge Asst.clates Seconnars Penchtna:k st*ti:xles of September 30, 2-417 bate: on data corripl - from 140 tennar, funds with a minina;ni of 8 fens per year, inducing dotty linsitatet partnerehips, formed between 2004 and 414 Each SOF Fund is slKiwn benchinarked against their leSaet:tn‘e‘'IntalitPeer StooP. Thrs irde/rnakk.in &err. 3 co