Supervisory Board

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Please read this notice and indicate your acceptance before proceeding further, as it explains certain restrictions imposed by law on the distribution of this information and the jurisdictions in which our products and services are permitted to be offered or sold.

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(ii) agrees that access to this site is subject to the disclaimers, risk warnings and other information set forth herein; and

(iii) corresponds to the appropriate level of sophistication and/or type of audience intended for the country or jurisdiction specified below, i.e. is a professional customer.

The information contained on this AVEM website (the “Site”) (including but not limited to the information, features and documents provided on this Site (collectively, the “Content”) is provided for informational purposes only.

No offer

The Content has been prepared without regard to the investment objectives, financial situation or means of any person or entity, and the Site does not encourage any action based on it. In particular, the Content of the Site does not constitute an investment or any other offer.

The Content on the Site should not be construed as investment advice or a recommendation, offer or solicitation to buy or sell securities or other equity investments, and does not constitute an offer or solicitation in any jurisdiction, and contains Content that is purely informational.

Access subject to local restrictions

This Site is not intended to be, and should not be, made available to persons located or residing in any jurisdiction in which (by reason of citizenship, residence, domicile or otherwise) the publication or availability of this Site is prohibited or in violation of local laws or regulations, or would be subject to any registration or licensing requirements in such jurisdiction

These materials and information do not constitute an offer to sell securities in the United States of America, Canada, Japan, Australia or any other jurisdiction where it would constitute a violation of applicable laws or require registration, filing or authorization. Securities may not be offered or sold in the United States of America unless they have been registered with the United States Securities and Exchange Commission or are exempt from registration under the relevant provisions of the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”). The Company's securities have not been and will not be registered under the provisions of the U.S. Securities Act and may not be offered or sold in the United States except pursuant to an exemption from registration or in transactions not subject to the registration requirements of the U.S. Securities Act. Any investor residing or having its registered office outside the Republic of Poland should familiarize itself with the relevant Polish laws and regulations of other countries that may apply to it in connection with its desire to invest in the Fund's shares.