Statement by General Partner

Limited Partnerships Act 1907, s. 10-0.14142651.498355SW1E 5JD2017-12-312018-01-12The City of WestminsterLimited Partnerships Act 1907TSO (The Stationery Office), St Crispins, Duke Street, Norwich, NR3 1PD, 01603 622211, customer.services@tso.co.uk294636162170

INVESTINDUSTRIAL III, L.P.

(Registered No. LP010560)

TRANSFER OF PARTNERSHIP INTEREST

Notice is hereby given, pursuant to section 10 of the Limited Partnerships Act 1907, that on 31 December 2017, Landmark Equity Partners XI L.P., (the "Transferor") transferred its entire interest in Investindustrial III, L.P. (the "Partnership") to KHP Strategic 4 LLC (the "Transferee").

As a result of the above transfer, with effect from 31 December 2017, KHP Strategic 4 LLC became a limited partner in the Partnership and the Transferor ceased to be a limited partner in the Partnership.

Signed for and on behalf of Investindustrial Advisors Limited, in its capacity as Manager of the Partnership

Principal place of business of the Partnership: 16 Palace Street, London, SW1E 5JD