Disclaimer

This confidential document is for informational purposes only and as such the views contained herein do not form part of an offer, nor are they to be taken as
advice or a recommendation, to buy or sell any investment or interest thereto.

Reliance upon information in this material is at the sole discretion of the reader. Any forecasts, figures, opinions, statements of financial market trends or
investment techniques are considered to be reliable at the time of writing, may not necessarily be all inclusive and are not guaranteed as to accuracy. They may
be subject to change without reference or notification to you. All information in this document, also obtained from external sources, is believed to be reliable
but its accuracy or completeness cannot be guaranteed.

Past performance and yield are not a reliable indicator of current and future results. There is no guarantee that any forecast made will come to pass and no
assurance that investment objectives will be met. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and
depend on circumstances that may or may not occur in the future. The future of investment results of the investments described herein may vary from the
results expressed in, or implied by, any forward-looking statement included in this presentation, possible to a material degree.

Potential investors are urged to consult a professional advisor regarding the possible economic, tax, legal, or other consequences of entering into any
investments or transactions described herein. Potential investors must realize that they could lose all or a substantial amount of their investment.

As the product may not be authorized or its offering may be restricted in your jurisdiction, it is the responsibility of every reader to satisfy himself or herself as
to the full observance of the laws and regulation of the relevant jurisdiction. Prior to any application investors are advised to take all necessary legal, regulatory
and tax advice on the consequences of an investment in the product.

This document is strictly private and confidential. The document is not for general distribution and may not be passed to any person or party without the
written permission of ClimbPace Capital B.V.

Attention! This investment falls outside AFM supervision. No License required for this activity.