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t is expected to develop in the future. Neither the General Partner nor the Investment Manager is authorized or expected to become authorized under the European Union's Directive 2011/61/EU on Alternative Investment Fund Managers (the "AIFM Directive") as of the date of this Memorandum, and the substantive requir
ton LLP ("Cleary Gottlieb") serves as U.S. legal counsel to the General Partner, the Investment Manager and certain of their affiliates. Maples and Calder has been retained as Cayman Islands legal counsel to the Access Funds, General Partner, Investment Manager and certain of their affiliates. Cleary
yman Islands legal counsel to the Access Funds, General Partner, Investment Manager and certain of their affiliates. Cleary Gottlieb and Maples and Calder, which do not represent the Underlying Fund or Glendower, also advise the General Partner, the Investment Manager and certain of their affiliates o
t is expected to develop in the future. Neither the General Partner nor the Investment Manager is authorized or expected to become authorized under the European Union's Directive 2011/61/EU on Alternative Investment Fund Managers (the "AIFM Directive") as of the date of this Memorandum, and the substantive requir
ton LLP ("Cleary Gottlieb") serves as U.S. legal counsel to the General Partner, the Investment Manager and certain of their affiliates. Maples and Calder has been retained as Cayman Islands legal counsel to the Access Funds, General Partner, Investment Manager and certain of their affiliates. Cleary
yman Islands legal counsel to the Access Funds, General Partner, Investment Manager and certain of their affiliates. Cleary Gottlieb and Maples and Calder, which do not represent the Underlying Fund or Glendower, also advise the General Partner, the Investment Manager and certain of their affiliates o
t is expected to develop in the future. Neither the General Partner nor the Investment Manager is authorized or expected to become authorized under the European Union's Directive 2011/61/EU on Alternative Investment Fund Managers (the "AIFM Directive") as of the date of this Memorandum, and the substantive requir
yman Islands legal counsel to the Access Funds, General Partner, Investment Manager and certain of their affiliates. Cleary Gottlieb and Maples and Calder, which do not represent the Underlying Fund or Glendower, also advise the General Partner, the Investment Manager and certain of their affiliates o
ton LLP ("Cleary Gottlieb") serves as U.S. legal counsel to the General Partner, the Investment Manager and certain of their affiliates. Maples and Calder has been retained as Cayman Islands legal counsel to the Access Funds, General Partner, Investment Manager and certain of their affiliates. Cleary
t is expected to develop in the future. Neither the General Partner nor the Investment Manager is authorized or expected to become authorized under the European Union's Directive 2011/61/EU on Alternative Investment Fund Managers (the "AIFM Directive") as of the date of this Memorandum, and the substantive requir
ton LLP ("Cleary Gottlieb") serves as U.S. legal counsel to the General Partner, the Investment Manager and certain of their affiliates. Maples and Calder has been retained as Cayman Islands legal counsel to the Access Funds, General Partner, Investment Manager and certain of their affiliates. Cleary
yman Islands legal counsel to the Access Funds, General Partner, Investment Manager and certain of their affiliates. Cleary Gottlieb and Maples and Calder, which do not represent the Underlying Fund or Glendower, also advise the General Partner, the Investment Manager and certain of their affiliates o
t is expected to develop in the future. Neither the General Partner nor the Investment Manager is authorized or expected to become authorized under the European Union's Directive 2011/61/EU on Alternative Investment Fund Managers (the "AIFM Directive") as of the date of this Memorandum, and the substantive requir
yman Islands legal counsel to the Access Funds, General Partner, Investment Manager and certain of their affiliates. Cleary Gottlieb and Maples and Calder, which do not represent the Underlying Fund or Glendower, also advise the General Partner, the Investment Manager and certain of their affiliates o
ton LLP ("Cleary Gottlieb") serves as U.S. legal counsel to the General Partner, the Investment Manager and certain of their affiliates. Maples and Calder has been retained as Cayman Islands legal counsel to the Access Funds, General Partner, Investment Manager and certain of their affiliates. Cleary
Revision), or by the Tax Information Authority, under the Tax Information Authority Law (2009 Revision) or Reporting of Savings Income infomtation (European Union) Law (2007 Revision) and associated regulations, agreements, arrangements and memoranda of understanding. Disclosure of confidential information und
pletion of federal income tax returns. Legal Counsel Goodwin Procter LLP, Tulloch & Co, and (as to matters of Cayman Islands law only) Maples and Calder will represent the General Partner and the Fund (but will not represent any Limited Partner) in connection with the organization of the Fund and th
he General Partner to monitor such compliance and to obtain the advice of counsel as the General Partner deems necessary or appropriate. Maples and Calder, PC/ Box 309, Ugland House, Grand Cayman, KY I-1104, Cayman Islands, acts as Cayman Islands legal counsel to the General Partner. In connection with
Revision), or by the Tax Information Authority, under the Tax Information Authority Law (2014 Revision) or Reporting of Savings Income information (European Union) Law (2014 Revision) and associated regulations, agreements, arrangements and memoranda of understanding. Disclosure of confidential information und
not necessarily be taken into account if Blackstone were not a public company. Legal Representation. Simpson Thacher & Bartlett LLP and Maples and Calder will act as counsel to the Partnership, the General Partner, and the Investment Advisor in connection with this offering of Interests, and represen
Deloitte & Touche I.I.P. U.S. Counsel for the Partnership and General Partner: Simpson Thacher & Bartlett LLP. Cayman Counsel for the Maples and Calder. Partnership and General Partner: ER305378-MAXWELL Blackstone Real Estate Partners Europe V 41 CONFIDENTIAL UBSTERRAMAR00001888 EFTA00237519
FLOP STOP 146727C01083539 NORTH CHARLES GA $8186 843-554-9720 10/20/17 LE RELAIS DE SEGUR DUGNY FRANCE FR 4.00 2433 LODGING MERCHANDISE European Urion Euro 10/20/17 TENAGA KAVA PALM BEACH GA FL $31.45 772-333-5927 10/21/17 BED BATH & BEYOND PALM BEACH GARDENS FL $141.20 MIX HOME FURNISH
DE GAULLE APT MARI ROISSY. EN. FRANCE FR 328.61 $38720 0134385353 European Vision Etwo 10/19/17 LE RELAIS DE SEGUR DUGNY FRANCE FR p000 EulopeanUnion 331936 LODGING MERCHANDISE Euro 10/20/17 THE TRAVEL GALLERY TEQUESTA FL 5524.80 10/20/17 THE TRAVEL GALLERY TEQUESTA FL $35.00 10/20/17
GER TICKET M I AA YY oo YY 00 Date of Departure 10/20 10/19/I7 THE TRAVEL GALLERY TEQUESTA FL $35.00 TRAVEL AGENCY SERVICE From: To: Calder: Class: N/A WA N/A WA WA Ticket Number Passenger Name: WSOSKVLAWRENCE Document Type: TRAVEL AGENCY FEE YY 00 YY CO YY 00 YY 00 1011
on RESTAURANT CHARGES 01/25/16 SHELL OIL 57543955801 $653 MIAMI FL AUTO FUEL DISPENSER 01/26/16 ST 8ARTH SERVICES ST BARTHELEMY GL 41830 NeoPean Union two $454.69 0590276812 01/26/16 PLATEPASSHERTZTOLLS Arneikan Trani $18.90 MESA AZ 877411.4303 01/26/16 PLATEPASSHERTZTOLLS American Trani
senger Name: VISOSKVLAWRENCE MR Document Type PASSENGER TICKET 01/20/16 JETBLUE AIRWAYS9010301 $339.41 JETBLUE NY JETBLUE AIRWAYS Ftom: To: Calder. Class: ST THOMAS CYRX E SAN JUAN LUIS MUNO B6 2 N.Y./ F KENNEDY I 86 N/A YY 00 N/A YY 00 Ticket Number Date of Departure:01/21 Passe
11/07/16 HOTEL RENAISSANCE ARC DE TRIOMPH 0155375508 PARIS PA $75937 11/07/16 HOTEL RENAISSANCE ARC DE TRIOMPH 0155375503 PARIS PA 506.60 Ewopean Union Euro $561.11 11/09/16 Manion Riyadh Hotel LODGING Riyadh WS 2.43850 Saud. al 1:44: $65044 11239/16 Manion Riyadh Hotel LODGING Riyadh
KKVLAWRENCE Document Type: PASSENGER TICKET 09/26/16 THE TRAVEL GALLERY TEQUESTA FL TRAVEL AGENCY SERVICE Date of Departure:09/28 From: To: Calder. Class: N/A WA YY 00 WA YY 00 WA YY 00 WA YY 00 Tkket Number Passenger Name: VISOSKVLAWRENCE Document Type:TRAVEL AGENCY FEE $65.00
Entities connected to both European Union and Calder

United States
LOCATION
Jeffrey Epstein
PERSON
United Kingdom
LOCATIONLeon Black
PERSON
Marla Maples
PERSON
George W. Bush
PERSON
Prince Charles
PERSON
Cayman Islands
LOCATION
John F. Kennedy
PERSON
New York
LOCATION
Barack Obama
PERSON
Marc Rich
PERSON
Donald Trump
PERSON
Denmark
LOCATION
Samantha Power
PERSON
Julie K. Brown
PERSON
Joe Biden
PERSON
Norway
LOCATION
Finland
LOCATION
Prince Andrew
PERSON