SOF III - 1081 Southern Financial LLC Secondary Opportunities Fund III. LP may be offered or sold to investors other than qualified investors, as defined in Article 30 of the Portuguese Securities Code (C6digo dos Valores Mobiliarios). In the United Kingdom, when distributed in, from or into the United Kingdom, this Memorandum is only intended for persons having professional experience of investing in unregulated schemes. high net worth companies, partnerships. associations or trusts and personnel of any of the foregoing having professional experience of investing in unregulated schemes (each within the Financial Services and Markets Act 2000 (Promotion of Collective Investment Schemes) (Exemptions) Order 2001), persons outside the European Economic Area receiving it electronically, persons outside the United Kingdom receiving it non-electronically and any other persons to whom it may be communicated lawfully. AUSTRALIA Notice to Residents of Australia This Memorandum is not a prospectus or product disclosure statement for the purposes of the Corporations Act 2001 (Cth) of Australia (the "Corporations Act"). Any offer or invitation made in this Memorandum is only an offer or invitation to make offers where the offer or invitation does not need disclosure to investors under Chapter 6D or Part 7.9 of the Corporations Act. No offer or application made following the receipt of this Memorandum will be considered unless the offer or invitation does not need disclosure to investors under Chapter 60 or Part 7.9 of the Corporations Act. Without limitation to the above. no otter or invitation may be made unless: • the minimum amount payable for the limited partnership interests on acceptance of the offer by the offeree or invitee is at least AS500,000: or • • the amount payable for the limited partnership interests on acceptance of the offer by the offeree or invitee, together with the amounts previously paid by the offeree or invitee for limited part