JER Europe Fund III, L.P.

LP011126

Notice is hereby given, pursuant to Section 10 of the Limited Partnerships Act 1907, that pursuant to a transfer of interest dated 18 December 2009 whereby Blackrock Fund Management Company S.A. (the former management company of Blackrock European Property Fund of Funds (the Merrill Lynch European Property Fund of Funds having changed its name as of 10 March 2008 to Blackrock European Property Fund of Funds)) transferred all the interest held by it in JER Europe Fund III, L.P., a limited partnership registered in England with number LP011126 to Aviva Investors Properties Europe S.A. as management company of Aviva Investors European Real Estate Fund of Funds (Blackrock European Property Fund of Funds having changed its name as of 18 December 2009 to Aviva Investors European Real Estate Fund of Funds), and Aviva Investors Properties Europe S.A. as management company of Aviva Investors European Real Estate Fund of Funds became a limited partner in JER Europe Fund III, L.P., and Blackrock Fund Management Company S.A. as management company of Blackrock European Property Fund of Funds has ceased to be a limited partner in JER Europe Fund III, L.P.

C Hadley, for and on behalf of JER Real Estate Advisors (UK) Limited, in its capacity as operator of JER Europe Fund III, L.P.

18 December 2009