Glendower Capital SOF IV, LP. Endenotes (.0 Glendower Capita; Secondary 4iporturritier. Fun.] hi. LP. rs7JF he or the rrunci..; is being forme:: hv .31+r:rower Capital LIP eGiereiciet" an app....kited rem efera ative of Miratiella AMisers LIP, which is authorised and regulated by the United: kingdom rinahridl CorecerALtlysity (M Mature funds it sor.SOF Oan, >OF le °reran $01 PisTrafhleeket,-; sort, SOF fi,SOf it an, SOF it I. Perforn terse* figure; hare been usict.iatee baser; or. the unaudited perttxmars:e results or sor. SOF D, SOF u inc SOF Mae of September Kr, 201.7 and should he read arc renewed in o.:ajunotIon with the irrird.ortara. bircoMation" arc 'Notes to inve,:tnient Redo:name Infornehon- se,.i.Sx‘s of this. iXg.kanehr_ GI,x ,s mote are gtou: OI fern:, earrenses anc <arrien interest. Net performance retie:Ls Alti."..beIS rid et eltereitte, tees 4110 Cdtfiel) interest. Past performance is rot a (.11tieeli011 of tror future pelornwice of $OF. SOV D. SOF It SOF iii bold: ini.luder, to dernoratrate the trast tiet.ert of the Glen:Ante Team tett: fire can be rr?‘03:.~:.,.. that. SOF ri will a:Newton:parable results, (:1) sor 0 b roderrominatec fi re Convener...It the Secterramr ;XL 2017 fitlaluSta ea Le of 1.182;:, (4) Beth SOT aral $OF D art el:rested in the Daiiity.i Pvtfolio —a well entrance portfolio Or 28 private ecuite funds perchased through an WV, roweling enewf re to buyout, special situations. ratpliet rtx.rl estate sliateAe.' a North Autka. Err rope anti Asia- The rgerber 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 Penchtna:k st*ti:xles ci September 30, I-417 basin: on data dorripl - from 140 ~near, funds with a mininkl;ni of their.: per year, including le" licuicatec partner; tarn, formed between 2044 and 414 Each SOF benchmarked against their lespe: tie s'intaliefler group. Th's infe/rnatir+n tetiec