GLDUS12B Patrick Gerschel Important Information for Recipients in Certain Jurisdictions (1/6) For' Residents of the European Economic Area. For the purposes of the EU Alternative Investment Fund Managers Directive (the -AlFfelD"). the Fund will constitute an EU AiF (as defined in the AlickiD) whose AIF M (as defined in the AlFMD) is the Manager. tse€f an EU AlFki Except as provided below in iespect of the specific mentor states listed, this Presentation and any other dour —tints or materials r aled to tne offer or sale, or invitation for subscription or purchase. of the interests in the Fund, shall only be distributed to prospective investors domiciled or with their registered offices in a member state of the European Economic Area that are 'professional investors'. For these purposes. a "professional investor' is a person who is considered to be a professional cent or who may, on request, be treated as a professional client within the meaning of Anne' II to Directive 2004/39tEC. AIF MD Notice. In relation to each member state of the EEA (each a 'Member State') which has implemented the Alternative Investment Fund Managers Directive (Directive (201.1;61/EU)) (the 'AIME/1j (and for winch transitional arrangements are not/ no longer available), this Presentation may only be distnbtrted and interests in the Fund may only be offered or placed In a Member State to the e ent that: (I) the Fund is perrnitt&i to be marketed to professional investors in the relevant Member State in accordance with AIFMD ifts implemented info the local Law/regulation of the relevant. Member State); or (2) this presentation may otherwise he lawfully distributed and the interests in the Fund may otherwise be 'earthily offered or placed in that Member Slate (including at the initiative of the investor). In relation to each Member State of the EEA which, at the date of this presentation. has not implemented AiFMD. this presentation may only be distributed arid interests in the Fund