ARES CAPITAL EUROPE III (E), L.P.

REGISTERED IN SCOTLAND NUMBER SL019867

Notice is hereby given, pursuant to Section 10 of the Limited Partnerships Act 1907, that:

1. Tesco Pension Trustees Limited (as Trustee of the Tesco PLC Pension Scheme) has transferred part of its interest in Ares Capital Europe III (E), L.P., a limited partnership registered in Scotland with number SL019867 (the “Partnership”) to PREMIUM Private Debt II GP S.à r.l. and Pantheon Private Debt GP S.à r.l.; and

2. Wave Private Equity SICAV-RAIF - PE Hannoversche Leben and Wave Private Equity SICAV-RAIF – PE VHV Allgemeine have each transferred their entire interest in the Partnership to PREMIUM Private Debt II GP S.à r.l. and Pantheon Private Debt GP S.à r.l.

As a consequence of the transfers, Wave Private Equity SICAV-RAIF - PE Hannoversche Leben and Wave Private Equity SICAV-RAIF – PE VHV Allgemeine have ceased to be limited partners of the Partnership.