Statement by General Partner

2018-01-102018-01-17Limited Partnerships Act 1907, s. 10Limited Partnerships Act 1907LIMITED PARTNERSHIPS ACT 1907TSO (The Stationery Office), St Crispins, Duke Street, Norwich, NR3 1PD, 01603 622211, customer.services@tso.co.uk294883162176

LIMITED PARTNERSHIPS ACT 1907

Pursuant to section 10 of the Limited Partnerships Act 1907, notice is hereby given that, with effect from 10 January 2018, Leonardo Secondary Opportunities Fund III (GP) Limited transferred to Picasso GP Limited the whole of its interest in PSC III, LP (the "Partnership"), a limited partnership registered in England with number LP017224, and that, with effect from that date, Picasso GP Limited became a limited partner in the Partnership in respect of the interest transferred.

Lindsey McMurray

For and on behalf of Pollen Street Capital Limited

in its capacity as manager of PSC III, LP

Dated 10 January 2018