Legal & Disclaimer

LEGAL NOTICE & DISCLAIMER GREN WORLD MANAGEMENT S.à r.l. — Corporate Informational Website Version 3.0 — July 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, having its registered office at 2-4, Parc d'Activités Capellen, L-8308 Capellen, Grand Duchy of Luxembourg (the "Company"). The Company acts as general partner (associé commandité) and manager (gérant) of GREN FUND I SCSp, a special limited partnership (société en commandite spéciale) registered with the Luxembourg Trade and Companies Register under number B304465, qualifying as an alternative investment fund within the meaning of the Luxembourg law of 12 July 2013 on alternative investment fund managers, as amended, managed by Vault AM S.à r.l., an alternative investment fund manager authorised and supervised by the Commission de Surveillance du Secteur Financier ("CSSF") (the "AIFM"). 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, and information made available thereon (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. Any person who does not accept this Notice shall immediately discontinue access to the Website.

3. Strictly Informational Nature; No Offer or Solicitation

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 Directive 2014/65/EU ("MiFID II"); (iii) legal, tax, accounting, or regulatory advice; or (iv) the basis of, or be relied upon in connection with, any contract or commitment whatsoever. No regulated investment service or activity within the meaning of MiFID II is provided through the Website.

4. Restricted Audience

The Content is intended exclusively for: (i) professional clients within the meaning of Annex II of MiFID II; (ii) well-informed investors (investisseurs avertis) within the meaning of applicable Luxembourg law; and (iii) institutional counterparties, in each case acting in compliance with the laws applicable to them (collectively, "Eligible Persons"). The Content is not directed at, and must not be acted upon by, retail investors or any person who does not qualify as an Eligible Person. Any person accessing the Website represents and warrants that they qualify as an Eligible Person or that they access the Website for purely informational purposes without any intention to invest.

5. Pre-Marketing under AIFMD; No Subscription Possible

Any information made available on the Website relating to investment strategies or investment ideas of alternative investment funds is provided in the context of pre-marketing within the meaning of Article 4(1)(aea) and Article 30a of Directive 2011/61/EU on Alternative Investment Fund Managers, as amended, including by Directive (EU) 2019/1160 ("AIFMD"), and of the relevant national implementing measures. Such pre-marketing is carried out exclusively by, or under the responsibility of, the AIFM, in accordance with applicable law. The information so provided: (i) is incomplete and may be presented in draft form; (ii) is subject to change and shall not be relied upon; (iii) does not amount to an offer or an invitation to subscribe for units or shares of any alternative investment fund; and (iv) does not include subscription forms or similar documents, nor constitutive documents, a prospectus, or offering documents in final form. Investors cannot, at this stage, subscribe for, or commit to subscribe for, units or shares of any alternative investment fund. Units or shares may only be offered following completion of the applicable notification procedures under Article 31 and/or Article 32 AIFMD, and any subscription may occur exclusively on the basis of the relevant fund's final constitutive and offering documentation. The Company is not an authorised AIFM, is not an investment firm, and does not perform portfolio management, risk management, distribution, or placement functions through the Website.

6. Prevalence of Constitutive and Offering Documentation

Any subscription of interests in any alternative investment fund referred to, directly or indirectly, on the Website may be made exclusively on the basis of, and in accordance with, the constitutive and offering documentation of the relevant fund — including, without limitation, its limited partnership agreement and private placement memorandum — as made available to Eligible Persons through the channels prescribed therein, and only after completion of the applicable notification procedures. In the event of any inconsistency between the Content and such documentation, the latter shall prevail in all respects. No element of the Website constitutes, supplements, or amends an offer document, a prospectus, or a private placement memorandum.

7. Risk Warning

Investments in alternative investment funds are speculative, involve a high degree of risk — including illiquidity, restrictions on transfer and redemption, leverage, and concentration risk — and are suitable only for investors who are capable of understanding and bearing such risks, up to and including the loss of the entire capital invested. Past performance is not a reliable indicator of future results, and no assurance is given that any investment objective will be achieved. Nothing on the Website shall be construed as a representation, warranty, or guarantee as to future performance.

8. Forward-Looking Statements

The Website may contain statements, estimates, opinions, or projections of a forward-looking nature relating to the Company, entities of its group, 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.

9. Jurisdictional Restrictions

The Website and the Content are not directed at, and are not intended for distribution to or use by, any person or entity 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, or authorisation requirement in such jurisdiction. In particular, 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. Persons accessing the Website are solely responsible for informing themselves about, and observing, all applicable restrictions.

10. Accuracy of Information; No Duty to Update

While the Company endeavours to ensure that the Content is accurate at the time of publication, 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. The Content may be amended, suspended, or withdrawn at any time without notice.

11. Limitation of Liability

To the fullest extent permitted by applicable law, the Company, its direct and indirect shareholders, affiliates, 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 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).

12. Intellectual Property

All trademarks, trade names, logos, text, graphics, images, photographs, audiovisual material, software, 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 the relevant rights holder, is strictly prohibited.

13. Third-Party Websites and Content

The Website may contain hyperlinks to websites or resources operated by third parties, 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. The inclusion of any hyperlink does not imply any endorsement, sponsorship, affiliation, or approval by the Company.

14. 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.

15. 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.

16. 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.

GREN WORLD MANAGEMENT S.à r.l. — Legal Notice & Disclaimer — July 2026