Legal & Disclaimer

LEGAL NOTICE & DISCLAIMER GREN WORLD MANAGEMENT S.à r.l. — Corporate Informational Website Version 4.1 — October 2026

1. Identification of the Operator

This website, accessible at www.grenfinance.com (the “Website”), is owned and operated by GREN WORLD MANAGEMENT S.à r.l., a private limited liability company (société à responsabilité limitée) incorporated under the laws of the Grand Duchy of Luxembourg, registered with the Luxembourg Trade and Companies Register (Registre de Commerce et des Sociétés) under number B304466, EUID LURCSL.B304466, with registered office at 2-4, Parc d’Activités Capellen, L-8308 Capellen, Grand Duchy of Luxembourg (the “Company”). The Company is wholly owned by GREN HOLDING S.à r.l., RCS Luxembourg B304429, the holding company of the group, with registered office at the same address. “GREN”, “GREN Finance” and “GREN World” are trade names and trademarks used by the Company and by the entities of its group; they do not designate a separate legal entity, and no entity of the group other than those expressly identified in this Notice is authorised to provide investment services or to market any fund. The Company acts as general partner (associé commandité gérant) of GREN FUND SCSp SICAV-RAIF, an investment company with variable capital organised as a special limited partnership (société en commandite spéciale) and qualifying as a reserved alternative investment fund (fonds d’investissement alternatif réservé) under the Luxembourg law of 23 July 2016 on reserved alternative investment funds, as amended (the “RAIF Law”), registered with the Luxembourg Trade and Companies Register under number B304625, EUID LURCSL.B304625, incorporated on 23 January 2026 and having its registered office at 2-4, Parc d’Activités Capellen, L-8308 Capellen, Grand Duchy of Luxembourg (the “Fund”). The Fund is an externally managed alternative investment fund whose alternative investment fund manager is Vault AM S.à r.l., with registered office at 2, rue Sainte-Zithe, L-2763 Luxembourg, an alternative investment fund manager authorised by and subject to the prudential supervision of the Commission de Surveillance du Secteur Financier (“CSSF”) under the Luxembourg law of 12 July 2013 on alternative investment fund managers, as amended (the “AIFM”). In accordance with the RAIF Law, the Fund itself is not subject to the supervision of the CSSF or of any other supervisory authority; the authorisation of the AIFM does not constitute an authorisation, approval or endorsement of the Fund, of any of its sub-funds or of the information contained on the Website. Portfolio management of the sub-fund GREN Atelier (the “Sub-Fund”) has been delegated by the AIFM to a portfolio manager authorised under Directive 2014/65/EU, whose identity and terms of appointment are described in the offering documentation. Swissquote Bank Europe SA acts as depositary of the Fund. No other entity of the group, including any entity providing operational, administrative or communication support to the Company from any of its offices, is an investment firm, provides investment services or markets the Fund. The Company may be contacted at info@grenfinance.com and, for legal and compliance matters, at legal@grenfinance.com.

2. Scope and Acceptance

This Legal Notice & Disclaimer (the “Notice”) governs access to and use of the Website and applies to all content, materials, data, documents and information made available thereon, including any downloadable document, video or embedded content (the “Content”). By accessing the Website, each user acknowledges that they have read, understood and accepted this Notice in its entirety, together with the Terms of Service, the Privacy Policy and the Cookie Policy, each of which forms an integral part hereof. Any person who does not accept this Notice shall immediately discontinue access to the Website.

3. Marketing Communication; Marketing Perimeter

Insofar as the Content refers to the Fund or to the Sub-Fund, it constitutes a marketing communication within the meaning of Article 4 of Regulation (EU) 2019/1156 on facilitating cross-border distribution of collective investment undertakings, prepared in accordance with the Guidelines of the European Securities and Markets Authority on marketing communications (ESMA34-45-1272), as implemented in Luxembourg by CSSF Circular 22/795, and approved by the AIFM prior to publication. The following statement applies to all such Content:

This is a marketing communication. Please refer to the private placement memorandum of GREN FUND SCSp SICAV-RAIF and to the information document made available pursuant to Article 23 of Directive 2011/61/EU before making any final investment decisions.

The marketing of the Sub-Fund is carried out by, or under the responsibility of, the AIFM pursuant to Article 32 of Directive 2011/61/EU (“AIFMD”) and the corresponding provisions of the Luxembourg law of 12 July 2013, following the transmission by the CSSF of the marketing notification to the competent authorities of the following Member States of the European Economic Area: Belgium, Bulgaria, Estonia, Ireland, Italy, Norway, Romania and Sweden (the “Notified Jurisdictions”), with effect from the date of such transmission. The Sub-Fund may also be marketed in the Grand Duchy of Luxembourg in accordance with Article 31 AIFMD, upon completion of the corresponding notification by the AIFM. No sub-fund of the Fund other than the Sub-Fund is currently marketed, and no reference on the Website to any other existing or contemplated sub-fund, strategy or product constitutes marketing thereof or an indication that it will be launched. The Company and the AIFM maintain a register of marketing communications, of the jurisdictions in which they are used and of the persons to whom they are addressed.

4. Eligible Audience

The Content relating to the Fund and to the Sub-Fund is directed exclusively at professional investors, meaning persons who are professional clients within the meaning of Annex II of Directive 2014/65/EU (“MiFID II”), whether per se or on request, and who are resident, domiciled or established in a Notified Jurisdiction or in the Grand Duchy of Luxembourg (“Eligible Persons”). The Content is not directed at, and must not be acted upon by, retail clients within the meaning of MiFID II or by any person who is not an Eligible Person. Under the RAIF Law, interests in the Fund are reserved to well-informed investors (investisseurs avertis); the fact that a person qualifies as a well-informed investor without also qualifying as a professional client does not, by itself, make that person an Eligible Person for marketing purposes, and any approach to such persons is made, where permitted by the law of the relevant jurisdiction, exclusively by or under the responsibility of the AIFM and outside the Website. Access to the sections of the Website dedicated to the Fund and to the Sub-Fund is conditional upon the user’s confirmation that they qualify as an Eligible Person and upon the indication of their country of residence or establishment; the user represents and warrants that such confirmation is true, accurate and complete, undertakes to inform the Company of any change, and acknowledges that the confirmation may be retained as evidence of compliance with the applicable marketing rules.

5. Strictly Informational Nature; No Offer, Solicitation or Advice

Nothing contained on the Website constitutes, or shall be deemed to constitute, in any jurisdiction: (i) an offer, invitation, inducement or solicitation to subscribe for, purchase, sell or otherwise deal in any financial instrument, security or interest in any collective investment undertaking; (ii) investment advice, a personal recommendation, or a suitability or appropriateness assessment within the meaning of MiFID II; (iii) legal, tax, accounting or regulatory advice; or (iv) the basis of, or a document to be relied upon in connection with, any contract or commitment whatsoever. No regulated investment service or activity within the meaning of MiFID II, and no reception or transmission of orders, is provided through the Website. The Website is non-transactional: no subscription, commitment, reservation or payment can be made through it. Any subscription for interests in the Sub-Fund may be made exclusively with the AIFM or the registrar and transfer agent of the Fund, on the basis of the documentation referred to in Section 6 and following completion of the eligibility, anti-money laundering and know-your-customer procedures required by applicable law.

6. Offering Documentation; Final Investment Decisions

Any subscription for interests in the Sub-Fund may be made exclusively on the basis of, and in accordance with, the constitutive and offering documentation of the Fund, namely its limited partnership agreement, its private placement memorandum (including the relevant sub-fund supplement), the information document made available to investors pursuant to Article 23 AIFMD and the subscription documents, each as amended from time to time (the “Offering Documentation”). Prospective investors are invited to read the Offering Documentation in full and to consider all the characteristics, objectives, risks, costs and charges of the Sub-Fund before making any final investment decision. The Offering Documentation is available free of charge, in the English language, in electronic form, upon request addressed to partners@grenfinance.com or to the AIFM, to Eligible Persons who have confirmed their status in accordance with Section 4. No key information document under Regulation (EU) No 1286/2014 (PRIIPs) is drawn up, as interests in the Sub-Fund are not made available to retail investors in the European Economic Area. In the event of any inconsistency between the Content and the Offering Documentation, the Offering Documentation shall prevail in all respects; the Content does not add to, amend, supplement or diminish the significance of the Offering Documentation.

7. Risk Warning

An investment in the Sub-Fund is suitable only for professional investors who are able to understand and bear the risks involved, up to and including the loss of the entire amount invested, and who do not require liquidity of their investment. Interests in the Sub-Fund are not deposits, are not guaranteed by any bank, government or supervisory authority and are not covered by any deposit guarantee or investor compensation scheme. The principal risks include, without limitation: market risk; the risk of loss of capital; liquidity risk, including the possibility that redemptions be limited, suspended or deferred in accordance with the Offering Documentation; credit and counterparty risk; concentration risk; currency risk for investors whose reference currency is not the euro; the risk associated with the use of leverage and derivative instruments, where permitted by the Offering Documentation; valuation risk; operational risk; legal, regulatory and tax risk; and the risks specific to reserved alternative investment funds, which are not subject to product supervision. A complete description of the risks is set out in the Offering Documentation, to which reference should be made before any investment decision. Where the Content presents the potential benefits of an investment, the related risks are presented with equal prominence; no statement on the Website may be read as downplaying such risks.

8. Product Information, Past and Future Performance

The Website describes the investment policy, the asset types and, where relevant, the use of leverage of the Sub-Fund in summary form only; the complete investment policy, investment restrictions, liquidity terms, risk classification and risk description are those set out in the Offering Documentation, which prevails. Past performance does not predict future returns. Where the Website contains information on the past performance of the Sub-Fund, such information is presented for complete twelve-month periods (or the life of the Sub-Fund if shorter), with cumulative figures accompanied by year-by-year figures, against the benchmark defined in the Offering Documentation where one exists, with the reference period and the source of the data stated, net of all fees, costs and charges borne by the Sub-Fund, and is never the main message of the communication. Investors whose reference currency is not the euro are warned that returns may increase or decrease as a result of currency fluctuations. The Fund was incorporated on 23 January 2026 and the Sub-Fund was launched in 2026; until the Sub-Fund has at least one complete twelve-month period of its own, the Website shows no performance figure other than the past performance of the benchmark defined in the Offering Documentation, where one exists, or the objective return foreseen therein. Any information relating to portfolios managed by the delegated portfolio manager before the launch of the Sub-Fund, where made available to Eligible Persons with the approval of the AIFM, does not constitute past performance of the Sub-Fund, is provided solely to illustrate the experience of the portfolio manager and is accompanied by a description of the differences between those portfolios and the Sub-Fund; the Sub-Fund’s own results may differ materially. Any objective return is the one foreseen in the Offering Documentation over the recommended holding period; it is an objective and not a forecast, is based on assumptions that may prove inaccurate and is not guaranteed. Where such information is based on past performance or on current market conditions, the following statement applies: “The scenarios presented are an estimate of future performance based on evidence from the past on how the value of this investment varies, and/or current market conditions and are not an exact indicator. What you will get will vary depending on how the market performs and how long you keep the investment/product.” The investment may lead to a financial loss, as no capital guarantee is provided.

9. Costs, Charges and Taxation

An investment in the Sub-Fund bears fees, costs and charges, which reduce the amount invested and the return an investor may obtain. The Website does not set out such fees, costs and charges: their nature, level and overall impact on the investment over the recommended holding period are described exclusively in the Offering Documentation, which must be read before any final investment decision and is available as indicated in Section 6. The tax treatment of an investment in the Sub-Fund depends on the individual circumstances of each investor and may be subject to change in the future. Prospective investors should consult their own tax advisers.

10. Sustainability-Related Disclosures

The Sub-Fund is a financial product falling within Article 6 of Regulation (EU) 2019/2088 (SFDR): it does not promote environmental or social characteristics and does not have sustainable investment as its objective. The investments underlying the Sub-Fund do not take into account the EU criteria for environmentally sustainable economic activities. Sustainability risks are integrated in the investment decision process to the extent described in the Offering Documentation. Nothing on the Website should be read as a sustainability claim in respect of the Fund, the Sub-Fund or their investments.

11. Forward-Looking Statements

The Website may contain statements, estimates, opinions or projections of a forward-looking nature relating to the Company, the entities of its group, the Fund, the Sub-Fund or the markets in which they operate. Such statements are based on current expectations and assumptions, involve known and unknown risks and uncertainties and may prove to be materially inaccurate. Actual results, performance or developments may differ materially from those expressed or implied. The Company assumes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

12. Jurisdictional Restrictions

The Content relating to the Fund and to the Sub-Fund is not directed at, and is not intended for distribution to or use by, any person or entity resident, domiciled or established in any jurisdiction other than the Notified Jurisdictions and the Grand Duchy of Luxembourg, or in any jurisdiction where such distribution, publication, availability or use would be contrary to applicable law or regulation, or would subject the Company, the AIFM or any entity of their respective groups to any registration, licensing, authorisation or notification requirement. In particular: (i) the Content is not directed at any “U.S. Person” as defined under Regulation S of the U.S. Securities Act of 1933, as amended, and nothing on the Website constitutes an offer of securities in the United States of America, where the interests in the Fund have not been and will not be registered under that Act or under the U.S. Investment Company Act of 1940; (ii) the Content is not a financial promotion approved by a person authorised under the UK Financial Services and Markets Act 2000 and is not directed at persons in the United Kingdom; (iii) the Content is not directed at persons in Switzerland, and the Fund has not been approved by, and is not represented in, Switzerland; and (iv) the presence of offices or representatives of the group in the United Arab Emirates, in Singapore or in any other non-EEA country does not constitute, and shall not be construed as, an offer, promotion or marketing of the Fund in such countries, where no interests in the Fund are offered or promoted. The availability of the Website in a jurisdiction that is not a Notified Jurisdiction does not constitute marketing in that jurisdiction. Any contact initiated by a person outside the Notified Jurisdictions is handled by the AIFM in accordance with the law of the relevant jurisdiction and is not solicited by the Company; no person may rely on the Website to claim that an investment was made at their own exclusive initiative. Persons accessing the Website are solely responsible for informing themselves about, and observing, all applicable restrictions.

13. Intermediaries and Unauthorised Marketing

Only the AIFM and the distributors, placement agents or intermediaries duly appointed by the AIFM in writing and authorised under the law of the relevant jurisdiction may market the Sub-Fund. No introducer, consultant, employee or representative of the Company or of any entity of its group is authorised to make any representation, promise or commitment not contained in the Offering Documentation, to provide investment advice, or to receive subscription orders or funds. Any person who is approached in connection with the Fund by a person claiming to act on behalf of the Company or of the AIFM may verify such person’s authority by writing to legal@grenfinance.com.

14. Accuracy of Information; No Duty to Update

While the Company endeavours to ensure that the Content is accurate, fair, clear and not misleading at the time of publication and that every factual claim is supported by an objective and verifiable source, the Company makes no representation or warranty, express or implied, as to the accuracy, completeness, timeliness or fitness for any purpose of the Content, and expressly disclaims any obligation to update, correct or supplement it, save as required by applicable law. Each item of Content bears a date or version; the Content may be amended, suspended or withdrawn at any time without notice. Third-party information, data, awards or rankings are reproduced with indication of their source and reference period and do not constitute an endorsement of the Fund.

15. Limitation of Liability

To the fullest extent permitted by applicable law, the Company, its direct and indirect shareholders, affiliates, the AIFM, the portfolio manager, the depositary and their respective directors, managers, officers, employees, agents and advisers shall not be liable for any loss or damage of any kind, whether direct, indirect, incidental, consequential or punitive, and including, without limitation, loss of profits, loss of data, loss of business or loss of goodwill, arising out of or in connection with: (i) access to, use of, or inability to access or use the Website; (ii) any reliance placed on the Content; (iii) any interruption, suspension, error, defect, virus or other harmful component affecting the Website; or (iv) any third-party website, platform or content linked to or from the Website. Use of the Website is at the user’s sole risk. Nothing in this Notice shall exclude or limit any liability that cannot be excluded or limited under applicable mandatory law, including liability for fraud (dol) or gross negligence (faute lourde), nor any liability of the AIFM under the AIFMD that cannot be excluded.

16. Intellectual Property

All trademarks, trade names, logos, text, graphics, images, photographs, audiovisual material, software, databases and any other content published on the Website are the exclusive property of the Company, of entities of its group or of duly licensed third parties, and are protected under applicable intellectual property laws and international treaties. No licence or right of use is granted by the mere access to the Website. Any reproduction, distribution, modification, transmission, republication or commercial exploitation of the Content, in whole or in part, without the prior written consent of the Company or of the relevant rights holder, is strictly prohibited. Documents made available to Eligible Persons are provided for their personal evaluation only and may not be forwarded to any other person.

17. Third-Party Websites, Platforms and Social Media

The Website may contain hyperlinks to websites, platforms or resources operated by third parties, including social media platforms on which the Company or entities of its group maintain official accounts, provided solely for the convenience of users. The Company exercises no control over, and assumes no responsibility or liability for, the content, accuracy, security, availability or data protection practices of any third-party website or platform. The inclusion of any hyperlink does not imply any endorsement, sponsorship, affiliation or approval. Content published by the Company on social media that refers to the Fund or to the Sub-Fund is itself a marketing communication subject to this Notice; comments, messages or content posted by third parties on such accounts do not represent the views of the Company and are not endorsed by it. The Company does not provide investment advice or accept subscription requests through social media, messaging applications or comment sections.

18. Complaints

Any complaint relating to the Website, to the Content or to the marketing of the Sub-Fund may be addressed in writing to legal@grenfinance.com or by post to the registered office of the Company. Complaints relating to the management of the Fund are handled by the AIFM in accordance with its complaints-handling procedure, information on which is available from the AIFM upon request. This is without prejudice to any right to refer the matter to the competent supervisory authority or court.

19. Severability

If any provision of this Notice is held to be invalid, illegal or unenforceable, in whole or in part, by any court or authority of competent jurisdiction, such provision shall, to that extent, be deemed severed, and the validity and enforceability of the remaining provisions shall not in any way be affected or impaired.

20. Language

This Notice is drawn up in the English language, being a language customary in the sphere of international finance and accepted for communications with professional investors in the Notified Jurisdictions. Any translation is provided for convenience only; in the event of any discrepancy, the English version shall prevail to the extent permitted by applicable law.

21. Governing Law and Jurisdiction

This Notice, and any non-contractual obligation arising out of or in connection with it, shall be governed by, and construed in accordance with, the laws of the Grand Duchy of Luxembourg, without prejudice to any mandatory provision of the law of the country in which the user is habitually resident. Any dispute arising out of or in connection with this Notice or the Website that cannot be settled amicably shall be subject to the exclusive jurisdiction of the courts of the judicial district of Luxembourg City, Grand Duchy of Luxembourg, save where mandatory applicable law provides otherwise.

22. Contact

For any legal or compliance enquiry relating to this Notice, please contact GREN WORLD MANAGEMENT S.à r.l. at legal@grenfinance.com, or by post at 2-4, Parc d’Activités Capellen, L-8308 Capellen, Grand Duchy of Luxembourg. The Fund (RCS B304625) has its registered office at the same address. The AIFM may be contacted at its registered office, 2, rue Sainte-Zithe, L-2763 Luxembourg.

GREN WORLD MANAGEMENT S.à r.l. · Legal Notice & Disclaimer · Version 4.1 · October 2026