er Capital based on Prow benchmark data fa the median TVPI and Net RR achevod by buyout funds kr vintages of 1997 to 2017 Average buyout TVPI = 159x Average Net RR o 155% Data as of September 30 2017 For further benchmathang of Glendower Copts lo buyout returns. pease refer to Exhdyil 3 Past performance is not