This document and the information therein is being provided to targeted recipients as a source of preliminary information about the product(s) described herein. It is addressed to professional investors only. It is confidential to the person to whom it is provided and should not be copied or distributed in whole or in part or disclosed without our prior written consent. This document does not constitute, and may not be used for the purposes of, an offer to subscribe for any product or an invitation to apply to acquire a product by any person in any jurisdiction in which such offer or invitation is not authorized or in which the person endeavoring to make such offer or invitation is not qualified to do so or to any person to whom it is unlawful to make such offer or invitation. This document does not contain all the information necessary to fully evaluate any transaction or investment, and it should not be relied upon. Any investment decision should be made based solely upon appropriate due diligence and upon receipt and careful review of relevant offering documents. Recipients of this document should neither treat nor rely on the contents of this document as advice relating to legal, taxation or investment matters and are advised to consult their own professional advisers. This document could include forward-looking statements that represent our opinions, expectations, beliefs, intentions, estimates or strategies regarding the future, which may not be realized. Actual and future results and trends could differ materially from those described by such statements due to various factors, including those beyond our ability to control or predict. Climate Fund Managers B.V. ("CFM") does not undertake any obligation to update or revise any forward- looking statements, whether as a result of new information, future events or otherwise. Past performance is not a guarantee of future results or returns. Any discussion of past or proposed investment opportunities should not be relied upon as an indication of future deal flow. Targeted returns are not guaranteed. This document includes information obtained from publicly available information and from third party sources considered to be reliable. Whilst this information is provided in good faith, it is not, and does not purport to be comprehensive and has not been independently verified. To the fullest extent possible by applicable law, by accepting delivery of this document, each recipient releases CFM and each of its affiliates, associates, advisers, directors, officers, employees and agents in all circumstances (other than fraud) from any liability whatsoever and howsoever arising from its use of this document. Securities in the product(s) described herein may not be offered or sold in the United States absent registration under the US Securities Act of 1933, as amended (the "Securities Act"), or an exemption therefrom. CFM has not registered and does not intend to register any securities under the Securities Act and does not intend to make a public offering of any securities in the United States. Securities in the product(s) described herein may not be transferred or resold (i) except as permitted under the constituent documents of the applicable product(s) and (ii) unless they are registered under the Securities Act and under any other applicable securities laws or an exception from such registration is available. Interests in the product(s) described herein have not been approved or disapproved by the US Securities and Exchange Commission (the "SEC") or by the securities regulatory authority of any state, nor has any other authority or commission passed upon the accuracy or adequacy of this material. Any representation to the contrary is a criminal offense. The product(s) described herein will not be registered as an investment company under the US Investment Company Act of 1940, as amended, in reliance on one or more exemptions or exclusions thereunder. Each product described herein will obtain appropriate representations and undertakings from prospective investors to ensure that applicable conditions are met. CFM is not registered as an investment adviser with the SEC pursuant to the US Investment Advisers Act of 1940, as amended, and the protections of such registration will not be afforded to the product(s) described herein or any investor in such product(s). Pursuant to the Dutch Financial Markets Supervision Act, CFM has been granted a license as alternative investment fund manager (beheerder van een beleggingsinstelling) by the Dutch Authority for Financial Markets (Stichting Autoriteit Financiele Markten, "AFM"). CFM is subject to conduct of business and prudential supervision by the AFM and the Dutch Central Bank (De Nederlandsche Bank N.V.).