Investment Funds

BIGGEORGE 18. REAL ESTATE DEVELOPER REAL ESTATE INVESTMENT FUND

INVESTMENT POLICY

The Fund intends to purchase from Biggeorge 10. Real Estate Development Real Estate Investment Fund managed by the Fund Management Company the Emerald Hotel, the 16 flats to be used as the suites of the Hotel, 7 retail outlets to be constructed on the 11,117 m² property (the ‘Condominium’ or ‘Building’) described as ‘office building removed from agricultural operation’, the properties leased by Magyar Telekom Nyrt. as an independent property, as well as the fitness room to be established in the Condominium (‘Property’ or Properties’) registered by Budapest Government Office, XIV District Office under topographic lot number 24354/4, physically situated at 1052 Budapest, Városház utca 20. and 1052 Budapest, Petőfi Sándor utca 17. The properties will be registered by units as independent properties of the Condominium.

The objective of the Fund is to generate income.
The Fund is an open-ended fund.

Investment Units will be issued and placed privately, in accordance with the Capital Market Act rules on private placement.

Series ‘A’ Units can exclusively be subscribed by Investors purchasing at least one hundred thousand euros of the offered securities, and thus their placement will be considered private under Section 14 (1) (c) of the Capital Market Act. The Investor’s subscription agreement for series ‘A’ Units shall be valid if it relates to Units with a total face value of at least EUR 100,000, i.e. one hundred thousand euros.
Series ‘B’ Units can exclusively be subscribed by those fewer than 150 persons listed in Annex No 1, and so their placement will be considered private under Section 14 (1) (b) of the Capital Market Act.
After the placement, neither series ‘A’, nor series ‘B’ Units can be offered for sale to the public and cannot be admitted to trading in a regulated market. As long as the Fund operates as a private placement investment fund (before its transformation to a public one), privately placed Units can be offered to Investors in accordance with and subject to the limitations set by the Capital Market Act rules on private placement.

Maximum and minimum placement volume
Maximum and minimum placement volumes shall be identical for each series.
For series ‘A’ minimum: EUR 9,200,000
For series ‘A’ maximum: EUR 10,286,000
For series ‘B’ minimum: EUR 257,150
For series ‘B’ maximum: EUR 2,571,500

ISIN IDENTIFIER OF SERIES ‘A’ OPEN-END UNIT OF BIGGEORGE 18TH PROPERTY DEVELOPER REAL ESTATE INVESTMENT FUND:
HU0000722780
ISIN IDENTIFIER OF SERIES ‘B’ OPEN-END UNIT OF BIGGEORGE 18TH PROPERTY DEVELOPER REAL ESTATE INVESTMENT FUND:
HU0000722798

Both series ‘A’ and series ‘B’ Units were created as dematerialised securities by KELER Zrt.

Face value of series ‘A’ Units: EUR 1, i.e. one euro
Face value of series ‘B’ Units: EUR 1, i.e. one euro