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based. Accordingly, the actual realized returns generated by these unrealized investments may differ materially from the returns indicated herein. Target returns. The targeted returns (the "Targets") presented herein are based on Glendower's views regarding the returns on investments that such funds
Japan. The information in relation to any interest and/ or investment has not been and will not be registered pursuant to Article 4, Paragraph 1 of the Financial Instruments and Exchange Law of Japan (Law no. 25 of 1948, as amended) (the "FIEL") and, accordingly, any interest and/or investment in them may not be offered
based. Accordingly, the actual realized returns generated by these unrealized investments may differ materially from the returns indicated herein. Target returns. The targeted returns (the "Targets") presented herein are based on Glendower's views regarding the returns on investments that such funds
Japan. The information in relation to any interest and/ or investment has not been and will not be registered pursuant to Article 4, Paragraph 1 of the Financial Instruments and Exchange Law of Japan (Law no. 25 of 1948, as amended) (the "FIEL") and, accordingly, any interest and/or investment in them may not be offered
based. Accordingly, the actual realized returns generated by these unrealized investments may differ materially from the returns indicated herein. Target returns. The targeted returns (the "Targets") presented herein are based on Glendower's views regarding the returns on investments that such funds
Japan. The information in relation to any interest and/ or investment has not been and will not be registered pursuant to Article 4, Paragraph 1 of the Financial Instruments and Exchange Law of Japan (Law no. 25 of 1948, as amended) (the "FIEL") and, accordingly, any interest and/or investment in them may not be offered
based. Accordingly, the actual realized returns generated by these unrealized investments may differ materially from the returns indicated herein. Target returns. The targeted returns (the "Targets") presented herein are based on Glendower's views regarding the returns on investments that such funds
Japan. The information in relation to any interest and/ or investment has not been and will not be registered pursuant to Article 4, Paragraph 1 of the Financial Instruments and Exchange Law of Japan (Law no. 25 of 1948, as amended) (the "FIEL") and, accordingly, any interest and/or investment in them may not be offered
Entities connected to both Target and the Financial Instruments

Deutsche Bank
ORGANIZATION
Prince Charles
PERSONCharles Smith
PERSONFrancesco Rigamonti
PERSONGlendower
LOCATIONAdam Graev
PERSONthe Glendower SOF Team's
ORGANIZATIONDeutsche Bank Securities Inc.
ORGANIZATION
Malaysia
LOCATION
New Zealand
LOCATION
United States
LOCATION
Bloomberg L.P.
ORGANIZATION
United Kingdom
LOCATION
Moody's
ORGANIZATION
Sydney
LOCATIONNippon
ORGANIZATION
Geneva
LOCATIONStandard & Poor's
ORGANIZATIONthe Dubai Financial Services Authority
ORGANIZATION
Columbia University
LOCATION