Statement by General Partner

2017-11-242017-12-08-3.20694555.947586EH3 9WJLIMITED PARTNERSHIPS ACT 1907The City of EdinburghTSO (The Stationery Office), St Crispins, Duke Street, Norwich, NR3 1PD, 01603 622211, customer.services@tso.co.uk292560527960

LIMITED PARTNERSHIPS ACT 1907

CLEARBELL (CO-INVEST) III LP

(THE "PARTNERSHIP")

TRANSFER OF PARTNERSHIP INTERESTS

Notice is hereby given that on 24 November 2017, The Trustees of the Manish Chande 2007 Life Interest Trust (the "Transferor") transferred their limited partnership interest in the Partnership to Killik & Co. Trustees Ltd R.E. M J Chande Esq in their capacity as trustees of the Killik & Co SIPP (the "Transferee").

Accordingly the Transferor ceased to be a limited partner in the Partnership and the Transferee was admitted as a limited partner in the Partnership.

Principal place of business of the Partnership: 50 Lothian Road, Festival Square, Edinburgh EH3 9WJ

Signed for and on behalf of

Clearbell SGP LLP (in its capacity as general partner of Clearbell (Co-invest) III LLP