rs (V), LLC Apollo Corp. AREIF V Co-Investors, LLC AIREF Co-Investors, LLC Apollo Poland Real Estate_Codnvestment, LP AIREF II Co-Investors, LLC AP Epoch Co-Investors, LLC Excelsior Co-Investors, LLC AREMF Co-Investors, LLC I USI:10770389v 15 EFTA00808266 SCHEDULE II Excluded Assets (Continued) ARES_CORMRA

rs (V), LLC Apollo Corp. AREIF V Co-Investors, LLC AIREF Co-Investors, LLC Apollo Poland Real Estate Co-Investment, LP AIREF II Co-Investors, LW AP Epoch Co-Investors, LLC Excelsior Co-Investors, LW AREMF Co-Investors, LLC NV1:168445916 EFTA00623337 SCHEDULE II Excluded Assets (Continued) ARES CORPORATE OP

s (V), LLC Apollo Corp. AREIF V Co-Investors, LLC AIREF Co-Investors, LLC Apollo Poland Real Estate Co-Investment, LP AIREF II Co-Investors, LLC AP Epoch Co-Investors, LLC Excelsior Co-Investors, LLC AREMF Co-Investors, LLC Doeff: USI: I0770389v IS EFTA00583375 SCHEDULE II Excluded Assets (Continued) ARES