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stment in the Fund include: • Western Europe (e.g., UK, Ireland, Germany, France, Netherlands) • Northern Europe (e.g., Sweden, Finland, Denmark, Estonia) • North America (e.g., Canada, US (ex-Northern California)) Examples of geographies where Valar is open to inbound deal flow through its networks
or business, Valar believes these tailwinds will continue. Examples of geographies Valar intends to focus on for investment in the Fund include: • Western Europe (e.g., UK, Ireland, Germany, France, Netherlands) • Northern Europe (e.g., Sweden, Finland, Denmark, Estonia) • North America (e.g., Canada, US (
the risk of loss and the potential 2 The following countries are in the EEA: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Republic of Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, The Netherla
a and Pacific 3% and the rest of the world 4%.45 \Z Sellers of the assets purchased by the SOF Funds were located in (by value) North America 43%, Western Europe 55% and the rest of the world 3%.46 The Manager expects to leverage non-monetary factors, such as confidentiality, trust, speed and certainty of e
the risk of loss and the potential 2 The following countries are in the EEA: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Republic of Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, The Netherla
a and Pacific 3% and the rest of the world 4%.45 \Z Sellers of the assets purchased by the SOF Funds were located in (by value) North America 43%, Western Europe 55% and the rest of the world 3%.46 The Manager expects to leverage non-monetary factors, such as confidentiality, trust, speed and certainty of e
the risk of loss and the potential 2 The following countries are in the EEA: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Republic of Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, The Netherla
a and Pacific 3% and the rest of the world 4%.45 \Z Sellers of the assets purchased by the SOF Funds were located in (by value) North America 43%, Western Europe 55% and the rest of the world 3%.46 The Manager expects to leverage non-monetary factors, such as confidentiality, trust, speed and certainty of e
the risk of loss and the potential 2 The following countries are in the EEA: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Republic of Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, The Netherla
a and Pacific 3% and the rest of the world 4%.45 \Z Sellers of the assets purchased by the SOF Funds were located in (by value) North America 43%, Western Europe 55% and the rest of the world 3%.46 The Manager expects to leverage non-monetary factors, such as confidentiality, trust, speed and certainty of e
the risk of loss and the potential 2 The following countries are in the EEA: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Republic of Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, The Netherla
a and Pacific 3% and the rest of the world 4%.45 \Z Sellers of the assets purchased by the SOF Funds were located in (by value) North America 43%, Western Europe 55% and the rest of the world 3%.46 The Manager expects to leverage non-monetary factors, such as confidentiality, trust, speed and certainty of e
to reach unanimous agreement on the original proposal, it was decided that progress would be made through a limited group of 1 Austria, Belgium, Estonia, France, Germany, Greece, Italy, Portugal, Slovakia, Slovenia, Spain 2 A number of Eurozone states, including France and Italy, have already intro
.0 4.7 1.4 -7.3 -9.1 -10.4 -12.5 6.5 -1.4 4.0 7.5 5.4 -7.5 -8.1 9.8 6.1 -1.5 -6.9 1.8 -5.0 6.0 -1.8 11.5 -1.4 11.2 4.6 11.6 Western Europe -59.4 -64.8 -88.4 -98.9 -112.8 -125.6 -118.5 -109.0 -93.9 -61.1 -60.8 -63.2 -66.4 Germany -29.1 -29.1 -35.9 -39.3 -45.8 -50.6 -47.9 -44.7 -43.0 -2
Entities connected to both Estonia and Western Europe

Norway
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Hungary
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Finland
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United States
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Denmark
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Jeffrey Epstein
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Belgium
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Latvia
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Romania
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Lithuania
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United Kingdom
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Ireland
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Luxembourg
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Bulgaria
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Slovakia
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Slovenia
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Cyprus
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Czech Republic
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Croatia
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Malta
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