Disclaimer

Private Global Impact Solution (the "Sub-Fund") is a sub-fund of the Kempen Alternative Markets Fund SICAV-RAIF (the "Fund"), established in Luxembourg. Van Lanschot Kempen Investment Management NV is the manager of the Fund. Van Lanschot Kempen Investment Management NV is licensed as a manager and is supervised by the Dutch Authority for the Financial Markets. The opinions expressed in this document are subject to change at any time without prior notice. VLK Investment Management is not obliged to update the contents of this document. As an asset manager, VLK Investment Management may hold investments, usually on behalf of third parties, in financial instruments mentioned in this document and may decide at any time to carry out purchase or sale transactions in these financial instruments. This document is provided for information purposes only and does not constitute a sufficient basis for an investment decision. This document does not contain investment advice or recommendations, nor does it constitute research or an invitation to buy or sell financial instruments; it should not be interpreted as such. This document is based on information that we consider to be reliable, but we do not guarantee that it is accurate or complete, and it should not be relied upon as such. The opinions expressed herein are our current views as at the date stated on this document. This document has been prepared independently of the company and the views contained herein are solely those of VLK Investment Management.

General risks to consider when investing in the Private Global Impact Solution

The Private Global Impact Solution will primarily invest in a diversified pool of investment funds managed by third parties, with the primary investment objective being capital growth and positive social and environmental impact. Investing in this strategy is subject to risks arising from the volatility of equity, bond, currency, and interest rate markets, which could negatively affect performance. Under particular market conditions, specific risks may increase significantly. The value of your investment may fluctuate. Past performance is not a guarantee of future results. Potential investors should be aware that the underlying investment funds often pursue more alternative investment policies than traditional investment funds. Some investments, particularly private (non-listed) investment strategies, may relate to assets that are illiquid, difficult to value, and/or exposed to high market, credit and liquidity risks, including the risk of insolvency or "ban". In such circumstances, an investor's ability to dispose of their interest in the strategy will be limited due to a lack of available liquidity.