Statement by General Partner

Limited Partnerships Act 1907, s. 10Limited Partnerships Act 1907LIMITED PARTNERSHIPS ACT 19072017-12-222018-01-12TSO (The Stationery Office), St Crispins, Duke Street, Norwich, NR3 1PD, 01603 622211, customer.services@tso.co.uk294636262170

LIMITED PARTNERSHIPS ACT 1907

UNION REAL ESTATE II LP

(Registered No. LP17233)

Notice is hereby given, pursuant to section 10 of the Limited Partnerships Act 1907, that on 22 December 2017(1) AESF VI L.P. and AESF VI B L.P. transferred 100% of their respective capital contributions in UNION Real Estate II LP (the "Partnership"), a limited partnership registered in England with number LP017233, to (2) AESF VI Euro Real Estate SARL and with effect from such date AESF VI Euro Real Estate SARL was admitted as a limited partner in the Partnership.

For and on behalf of

UNION Real Estate Fund II GP (Jersey) ILP

as general partner of

UNION Real Estate II LP