Investment Funds

BIGGEORGE 19. REAL ESTATE DEVELOPER REAL ESTATE INVESTMENT FUND

INVESTMENT POLICY

The Fund intends to purchase the following real estate (“the Real Estate”) and utilise it through long-term leasing:

• H-4026 Debrecen, Bethlen utca 7., parcel number: 8306.

The Real Estate is located in the city centre; the Reformed Great Church of Debrecen and the city’s pedestrian street are only 200 metres away. The parcel has a total area of 3,376 m2, its gross leasable area is 6,099 m2. Magyar Telekom Plc. has a communications easement for 65 m2, another 362 m2 are subject to easement appurtenance, and one of the neighbouring parcels has a right-of-way for an unfenced above-ground carpark.

The Fund’s aim is to achieve capital appreciation.

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 be subscribed by Investors purchasing at least EUR 100,000, that is 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 where it relates to Units with a total face value of at least EUR 100,000, i.e. one hundred thousand euros. The amount specified in EUR is converted using the official foreign exchange rate published by the National Bank of Hungary as applicable on the date of the decision concerning the distribution; accordingly, the lower limit for a valid subscription agreement is for the subscription of Units in the “A” series of an aggregate nominal amount of HUF 32,424,000, that is thirty-two million four hundred and twenty-four thousand forints, based on the official EUR rate of HUF 324.24 published by the National Bank of Hungary for 13 May 2019.

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) (a) and/or (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 volume shall be identical for each series.

For series “A”: HUF 483,200,000

For series “B”: HUF 120,800,000

ISIN IDENTIFIER FOR SERIES “A” OPEN-END UNITS OF THE BIGGEORGE 19TH PROPERTY DEVELOPER REAL ESTATE INVESTMENT FUND:  HU0000722657

ISIN IDENTIFIER FOR SERIES “B” OPEN-END INVESTMENT UNITS OF THE BIGGEORGE 19TH REAL ESTATE DEVELOPMENT REAL ESTATE INVESTMENT FUND: HU0000722665

Both series “A” and series “B” Units were created as dematerialised securities by KELER Zrt.

Face value of series “A” Units: HUF 100 i.e. one hundred forints.

Face value of series “B” Units: HUF 100 i.e. one hundred forints.