(OFF) 1.tx 2.1x 1.2* Lk 0.11x NetIRR 22% 29% 20% 30% 23% Peak net 4(4106440 °dotal 26% 51% 42% 44% For dem^ en purposes only. Source Glendower Canted based on Preen benchmark data fa the median TVPI and Net RR achevod by buyout funds Mc vintages of 1997 to 2017 Average buyout TVPI = 159x Average N