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described herein and any representation to the contrary is an offence. For persons in Cayman Islands. No invitation may be made to the public in the Cayman Islands to subscribe for the Interests. For persons in Chile. All or some of the offered securities may have not been registered with the Superintendencia
of a larger group within Deutsche Bank. The investment performance included herein is intended solely to provide Recipients with information about the Glendower SOF Team's investment experience. The performance information provided herein has been prepared by Deutsche Alternative Asset Management (Global) Limited ("D
described herein and any representation to the contrary is an offence. For persons in Cayman Islands. No invitation may be made to the public in the Cayman Islands to subscribe for the Interests. For persons in Chile. All or some of the offered securities may have not been registered with the Superintendencia
of a larger group within Deutsche Bank. The investment performance included herein is intended solely to provide Recipients with information about the Glendower SOF Team's investment experience. The performance information provided herein has been prepared by Deutsche Alternative Asset Management (Global) Limited ("D
described herein and any representation to the contrary is an offence. For persons in Cayman Islands. No invitation may be made to the public in the Cayman Islands to subscribe for the Interests. For persons in Chile. All or some of the offered securities may have not been registered with the Superintendencia
of a larger group within Deutsche Bank. The investment performance included herein is intended solely to provide Recipients with information about the Glendower SOF Team's investment experience. The performance information provided herein has been prepared by Deutsche Alternative Asset Management (Global) Limited ("D
described herein and any representation to the contrary is an offence. For persons in Cayman Islands. No invitation may be made to the public in the Cayman Islands to subscribe for the Interests. For persons in Chile. All or some of the offered securities may have not been registered with the Superintendencia
of a larger group within Deutsche Bank. The investment performance included herein is intended solely to provide Recipients with information about the Glendower SOF Team's investment experience. The performance information provided herein has been prepared by Deutsche Alternative Asset Management (Global) Limited ("D
Entities connected to both the Cayman Islands and the Glendower SOF Team's

United Kingdom
LOCATIONCayman
LOCATION
Prince Charles
PERSON
United States
LOCATION
Columbia University
LOCATIONGlendower
LOCATIONAdam Graev
PERSONGlendower Capital
ORGANIZATIONCharles Smith
PERSONthe Republic of Colombia
LOCATION
Deutsche Bank
ORGANIZATIONDarussalam
LOCATIONGuernsey
LOCATIONFrancesco Rigamonti
PERSONCarlo Pirzio-Biroli
PERSON
Target
ORGANIZATION
New York
LOCATIONthe Brazilian Securities Commission
ORGANIZATIONthe SOF Team
ORGANIZATIONthe SOF Program
ORGANIZATION