Financial and capital market Commission, the provisions of regulations No 15 in Riga 2014 5 February (financial and capital market Commission Council Protocol No 4 3. p.)
Alternative investment fund manager reporting regulations Issued in accordance with the provisions of the alternative investment fund manager of the law unto the article 59 of the sixth and eighth and article 81 of the seventh part of paragraph 23 i. General requirements 1. "alternative investment fund manager reporting regulations regulations" (hereinafter-the rules) are designed to finance and capital market Commission for information to carry out supervision, as well as statistical data you need the Bank of Latvia on financial accounts, balance of payments, international investment position, securities, investment funds and alternative investment fund statistics, and determines the content of the report, form preparation and submission procedures. 2. the abbreviations used: rules 2.1. AIF-alternative investment fund or sub-fund the alternative investment fund managers and law; 2.2. Member State licensed Manager – Member State licensed alternative investment fund manager who started the provision of government services in Latvia in accordance with the alternative investment fund and that article 70 of the law of managers; 2.3. AIFPL-the alternative investment fund managers and law; 2.4. the Commission-financial and capital market Commission; 2.5. the IPSL-investment management company law; 2.6. Regulation No. 231/2013-19.12.2012. The European Commission delegated Regulation (EU) no 231/2013, supplementing the directive of the European Parliament and of the Council in 2011/61/EU for exemptions, the General operating conditions, the proportion of the liability for the depositary, transparency and monitoring;
2.7. Regulation No 345/2013 – the European Parliament and the Council 17.04.2013. Regulation (EU) no 345/2013 for European risk capital funds; 2.8. Regulation No. 346/2013 – the European Parliament and the Council 17.04.2013. Regulation (EU) no 346/13 of the European Social Fund in the business; 2.9. Regulation No. 549/2013 – the European Parliament and the Council 21.05.2013. Regulation (EU) No 549/2013 for the European system of national and regional accounts in the European Union; 2.10. Regulation No. 575/2013, the European Parliament and of the Council of 26 June 2013 Regulation No. 575/2013 for the prudenciālaj requirements for credit institutions and investment firms, and amending Regulation (EC) No 648/2012; 2.11. RTA-not traded on a regulated market; 2.12. RT-traded on a regulated market; 3. The rules are binding: 3.1. licensed and registered manager in preparing the reports referred to in these provisions; 3.2. State licensed Manager who registered for the AIF in Latvia; 3.3. State licensed Manager branch in Latvia. 4. the terms used in the rules comply with the directly applicable European Union law, and the term AIFPL use IPSL. 5. the external Manager for his activities to prepare a quarterly report: 5.1 "Manager balance report" (annex 1); 5.2. "the Manager's profit and loss statement" (annex 2); 5.3. "review of the Manager in managing the funds and capital requirements", which consists of (I) the Administration shares "Manager means" and "Manager of part II capital requirements ' (annex 3). 6. the external Manager for each registered in Latvia in the AIF it manages, or AIF, who founded the Fund, in the case of each sub-fund of the AIF shall: 6.1. monthly statement of changes in net asset value of the AIF review "(annex 7); 6.2. the quarterly report, consisting of: 6.2.1 "AIF securities overview" (annex 4); 6.2.2. "asset and liability report of AIF" part I "assets and liabilities", part II, "investment property (1180. positions of the explosion)," and part III "leverage funding" (annex 5); 6.2.3. "AIF overview of income and expenditure" (annex 6); 6.2.4. "the net asset value of the AIF review" (annex 7); 6.2.5. "overview of AIF investors" (annex 8). 7. Internal Manager who manages the AIF is established as a company, prepare: 7.1. monthly statement of "AIF net asset value changes" (annex 7); 7.2. the quarterly report: 7.2.1. "Manager balance report" (annex 1); 7.2.2. "review of the Manager in managing the funds and capital requirements", which consists of (I) the Administration shares "Manager means" and "Manager of part II capital requirements ' (annex 3); 7.2.3. "AIF review of securities" (annex 4); 7.2.4. "asset and liability report of AIF" part II "of the investment property (1180. positions of the explosion)," and part III "leverage funding" (annex 5); 7.2.5. "AIF overview of income and expenditure" (annex 6); 7.2.6. "the net asset value of the AIF review" (annex 7); 7.2.7. "overview of AIF investors" (annex 8). 8. State licensed administrator, who registered in Latvia, prepares the AIF: quarterly statement 8.1, which form the "report on the management of the existing Manager features and compliance with the requirements of the capital" I. "Manager" means the management (annex 3); 8.2. the provisions referred to in point 6 monthly and quarterly reports, if the Manager is registered in Latvia or the AIF with the AIF funds. 9. State licensed Manager branch prepares quarterly report: 9.1 "Manager's profit and loss statement" (annex 2); 9.2. "report on the management of the existing Manager features and compliance with the requirements of the capital" I. "Manager" means the management (annex 3).

II. report preparation General requirements 10. Reports shall be prepared, subject to the following requirements: 10.1. country code indicated in accordance with the international standard ISO 3166 "standardised national and area code". International organizations that are not registered as a resident of one country, such as the European bank for reconstruction and development, European regional development fund, the European investment bank, the bank for international settlements, the code indicates how two-digit code according to the Bank of Latvia website for available international code list; 10.2. the indication of the currency code according to international standard ISO 4217, "codes for currencies and resources". In the case of securities indicate the financial instrument denominated currency code; 10.3. the issuer of counterparts and investor sectors corresponds to Regulation No 549/2013 Chapter 2. Counterparties resident sectors except the resident sector "non-financial corporations" and "household", is available in the Central Administration of statistics Web site. If the counterparty sector is not a resident of identifiable Central Statistics Administration Web site, in accordance with Regulation No 549/2013 Chapter 2 principles set out in the classified sector "non-financial corporations" or "household". Issuer and investor of the counterparty sector code according to the following values: 10.3.1. "SK11"-non-financial corporations; 10.3.2. "SK122" – accepting public deposits, excluding the central bank; 10.3.3. "SK123" – money market funds; 10.3.4. "SK124" – investment funds and the AIF, excluding money market funds; 10.3.5. "SK125" – other financial intermediaries, except insurance corporations and pension funds; 10.3.6. "SK126"-financial palīgsabiedrīb; 10.3.7. "SK127"-attractive financial institutions and lenders; 10.3.8. "SK128" – insurance companies; 10.3.9. "SK129"-pension funds; 10.3.10. "SK1311" – the Central Government; 10.3.11. "SK1312" – the State Government; 10.3.12. "SK1313"-the local government; 10.3.13. "SK1314"-social security funds; 10.3.14. "SK14" – household; 10.3.15. "SK15 ': non-profit organization serving households. 10.4. the column "the total nominal value of currency emissions" and "carrying amount (in euro)" indicates a value with two decimal places for the investment fund or the investment portfolio of AIF securities. 11. review of the position of the AIF and the assessment meets the regulations issued by the Commission rules on the preparation of the annual report of AIF.
III. the Manager Reporting 12. Data field "Manager identification information" Manager: 12.1. Commission assigned Manager code; 12.2. the artist's name and last name; 12.3. the artist's email address; 12.4. the artist's phone number; 12.5. the reporting period end date (yyyy. URdd.mm.). 13. "the Manager's balance sheet" column "separation sign" of the term completed, taking into account the initial term of the transaction, and specifies one of the following values: "01G"-13.1. short-term – up to one year (inclusive); 13.2. "g"-long-term (over one year). 14. "Manager" column of the balance report "Liquid assets" attribute is completed by specifying the following values: 14.1. contribution corresponds to AIFPL ISA-16 of part of article 11; 14.2. NI-investment does not meet the AIFPL the eleventh article 16 part. 15. "Manager" of the balance sheet position "workers ' options ' complete Manager that offers its workers a chance to buy shares of the Manager, indicating the tracking value workers ' stock options contracts pursuant to Regulation No 549/2013 16. Internal Manager prepares a" Manager "of the balance sheet, subject to the following provisions: 16.1 the position" debt securities and other fixed income securities "," shares and other securities with fixed income "and" investment fund certificates and AIF "fill in the column" liquid assets "and" accounting attribute value (integer) "; 16.2. the heading "shares and other securities with fixed income ' box ' tab of values (integer)" indicate the carrying amount, which reduced the book value of a holding company of associated and related to the share capital. 17. State licensed Manager branch report ' Manager a profit and loss statement "gives information on income and expenditure, which made from operation in Latvia. 18. Fill in the "report on the Manager to manage the funds and capital requirements": 18.1. internal Manager in part I, "Manager Administration means" fill in "features" in the management and administration of AIF in the point of the book value of the asset; 18.2. the heading "Manager manages the assets of the AIF (calculated according to Regulation No. 231/2013 2)" manager specifies the AIF managed by the total value of the asset, calculated in accordance with Regulation No. 231/2013 article 2; 18.3. the heading "equity" manager specifies in accordance with Regulation No 575/2013 estimated equity value; 18.4. the heading "Manager of fixed costs total" Manager indicates a value calculated in accordance with the directly applicable European Union legislation "capital"; 18.5. the heading "professional responsibility AIF Manager risk, which is not covered by the insurance policy" Manager who has received the license for the operation of the AIF Manager, indicate the carrying amount of the assets of the AIF, which Manager to manage professional risk are not covered by civil liability insurance policy pursuant to Regulation No 231/2013. This part of the book value of the assets shall be applied to the additional own funds requirement calculated according Regulation No. 231/2013 article 14. If Manager professional risk is fully covered by the insurance policy, indicate "0". 19. State licensed Manager Affiliate and Member State licensed Manager that has the right to provide government services in Latvia without the branch opening, complete the "Report on the management of the existing Manager features and compliance with the requirements of the capital" I. "Manager" means the management of and provide information on the AIF established in Latvia to book value.
IV. preparation of the report of the securities of the AIF

20. Data field "AIF identification information" Manager: 20.1. the Commission assigned the manager code that has been registered by the AIF; 20.2. the Commission assigned the AIF registration code; 20.3. artist name, and last name; 20.4. the artist's email address; 20.5. the artist's phone number; 20.6. the reporting period end date (yyyy. URdd.mm.). 21. The column "the issuer's registration number" indicates the issuer's registration number in the Republic of Latvia enterprise register in the commercial register. Fill in the field if the company is registered in Latvia. 22. The column "ISIN code" indicates the Security's 12 character code, in accordance with the international standard ISO 6166 "ISIN code" assigned by the Association of national numbering agencies or members of the trustee. 23. Review of the information on the date specified in the format "URdd.mm. yyyy.". 24. In the report of information on debt securities and other fixed income securities (ISIN code) in the box ' coupon rate (%) "indicates the coupon or interest rate amount at the end of the reporting period the percentage to four decimal places. 25. The column "frequency of coupon costs" indicates those values, taking into account the cost of the coupon frequency: 15.6. "AN"-once a year; 25.2. "SA"-twice a year; 25.3. "QU"-quarterly; 25.4. "BM" – every two months; 25.5. "MO" – once a month; 15.9. "is"-not a regular; 25.7. "ZC" – a zero coupon; 25.8. "UK"-is not known. 26. The report under "more information" section of the following representative transactions code: 26.1. "R" means the securities involved in the repo transactions; 26.2. the "RR" – the securities involved in a reverse repo transaction; 26.3. "VA"-securities lending transactions are involved. 27. Under the heading "investment certificates of investment funds (share)" refers only to the Fund, which is analogous to IPSL, t.sk. traded on a regulated market of investment funds (UCITS) units (parts). 28. Under the heading "AIF" indicates information about the AIF parts, t.sk. regulated market traded ETF investment part of the AIF.
V. statement of assets and liabilities of the AIF training 29. Review individual transactions are divided into two categories-short-term transactions with an original maturity of up to one year (inclusive), and long-term transactions with an original maturity of more than one year. 30. The position of "qualified investments" completed the AIF Manager, if it is registered by the AIF as the AIF, which uses the name "European venture capital fund, in accordance with Regulation No 345/2013, the AIF, which uses the name" European Social Fund "of the business in accordance with Regulation (EC) no 346/2013, or AIF, registered as" a long-term European Investment Fund "under the directly applicable European Union legislation. This heading indicates the total amount of the AIF, which according to the directly applicable European Union legislation are recognised as qualified investment or invested assets. 31. Of the AIF, which shall provide for investments in real estate, fill in section II "investment property (1180. positions of the explosion)," the relevant column: 31.1. "the deal" man-made changes – changes in the investment property of the Group's carrying amount, which occurred in a purchase or sale transaction; 31.2. "other changes that are not incurred by the transaction" – changes in the investment property of the Group's carrying amount, which are not associated with a purchase or sales transactions, such as the revaluation result. 32. Of the AIF, which rules provide leverage funding, fill in section III "leverage funding", indicating the column: 32.1. "AIF the leverage funding, calculated by gross methods (%)": in accordance with Regulation (EEC) no 231/2013 (2) calculated risk transaction amount, calculated by the gross method, NOT a ratio expressed as a percentage; 32.2. "AIF the leverage funding, calculated by the method of connection (%)": in accordance with Regulation (EEC) no 231/2013 (section 2) the calculated level of exposure, calculated using the liability method, NOT the ratio expressed as a percentage.
Vi. Reporting 33. Those rules this month review of the situation on the last day of each month, the manager shall prepare and submit to the Commission by next month's 20. date. 34. These rules that the quarterly report on the State of the last day of each quarter, the manager shall prepare and submit to the Commission the following month of the reporting quarter 20 date. 35. the report shall be drawn up for submission to the Commission's regulatory arrangements 14.10.2008 No 146 ' prepared statements electronically submit the legislative provisions ". The report shall be prepared electronically Extensible Markup Language (XML) file format in accordance with the Commission prepared an XSD (XML Schema Definition) schema, which the Commission shall publish the data reporting system. Review the XML files only contains all necessary raw data and test data and may not include all the information specified in the annexes to the rules (for example, individual subtotals and other calculations). 36. If the Commission finds that the report has been prepared in error, it will be announced in the report to the applicant. If the Commission has not indicated otherwise, corrected report shall be submitted not later than on the working day following notification of the existence of the error from the Commission.
VII. final question 37. provisions shall enter into force on the 31.03.2014. Financial and capital market Commission President k. Zakuli a Manager identification information annex 1: financial and capital market Commission 05.02.2014. regulatory arrangements no 15 Manager balance report

Position title position number country code currency code of the counterparty sector code term separations feature characteristic of liquid assets book value (integer) assets cash 11100 x x x LI requirements on demand to credit institutions deposits 11220 11210 x claims on associated companies 11310 x claims against affiliated companies with claims against the other x 11320 customers 11330 x debt securities and other fixed income securities 11400 shares and other securities with fixed income 11500 x investment fund certificates and the AIF invested in the MU part 11600 x derivative financial instruments 11700 x x participation associated companies share capital x x 11800 investments in share capital of a company 11900 x x intangibles 12000 x x x x x advance payments for fixed assets 12101 x x x x x fixed assets, other than advance payments for fixed assets 12102 x x x x x investment property 12110 x x x x x prepaid expenses and accrued income taxes x x 12200 actively 12300 x x x x x labour options for workers 12500 x x other assets total assets 12400 x x x x x x x 10000 liabilities debt to credit institutions Debts associated x 21100 companies Credit the twin x 21210 corporates 21220 x Credit against other creditors 21230 x debt securities issued, other than those of heading "subordinated liabilities" inline 21300 x x x financial derivatives 21400 x x deferred income and accrued expenses 21500 x x provision pensions and similar obligations 21610       x x x x Other stocks 21620 tax 21630 x x x x x labour options 22000 x x x x 21700 other liabilities subordinated liabilities-debt securities issued 21810 x x x x subordinated liabilities — other liabilities 21820 x x share capital (capital and reserves) x x x 21910 share premium (capital and reserves) 21920 x x x x x Treasury shares (capital and reserves) () x x x x x 21930 reserve capital and other reserves (capital and reserves) x x x x x 21940 revaluation reserves (capital and reserves) 21950 x x x x x the previous years retained earnings/loss (capital and reserves) (+/–) 21960 x x x x x the current period's profit/loss (capital and reserves) (+/–) 21970 x x x x x total liabilities 20000 x x x x x off-balance sheet contingent liabilities guarantees (warranties) 31110 x x x x x other contingent liabilities 31200 x x x x x * fills the licensed Manager Manager identification information annex 2 financial and capital market Commission 05.02.2014. regulatory arrangements no 15 Manager's calculation of profit or loss position title position number accounting value (integer) (A) (B) 1 net change 100 (210 + 220) 200 t.sk. fixed costs costs 210 201 Administration costs Other revenues 300 220 t.sk. managing services 301 profit/loss (+/-) before taxes (100-200 + 300) 500 400 other taxes corporate income tax for reporting period reporting period 600 profit/loss (+/–) (400 – 500 – 600) 700 Manager identification information annex 3 financial and capital market Commission 05.02.2014. regulatory arrangements no 15 review of the Manager in managing the funds and capital requirements

Position title position number amount (whole) I.. Manager Administration, existing funds Manager in Latvia registered the carrying amount of the assets of the AIF together 011 AIF (legal persons) who are appointed to the Manager of the external Manager, asset book value total 012 t.sk. Latvia 013 Manager registered in another country the book value of the assets of the AIF in combination ** 014 features administration total (011 + ... + 014) 100 Manager Administration of the assets of the existing AIF amount (calculated according to Regulation No. 231/2013 2) 040 part II. Manager capital requirements Manager equity manager of fixed costs 801 total 802 minimum initial capital (15,000/125,000/300,000) 803 equity excess over Manager minimum initial capital (801-803) 804 excess equity over 25% of the total amount of fixed costs (801-0.25 x802) 805 management limit without additional equity requirements for the minimum initial 806 250 million Manager capital and additional capital requirements, the maximum level of 807 10 million factor additional own funds calculation for 808 additional 0.0002 equity requirement * (0 If 100 ≤ 806; 808x (100-806) if (100 > and 806 (803 + 808x (100-806) ≤ 807)); 807 if (100 > and 806 (803 + 808x (100-806) > 807)) 809 AIF Manager professional liability risks that are not covered by the insurance policy * 810 additional own funds requirement of professional responsibility AIF Manager to cover risk ** (0, 0001x810) 811 excess equity over minimum initial capital and an additional amount of own funds ** (801-803-809-811) 812 equity and additional own funds cover for the amount of liquid assets * 813 * licensed Manager who received the AIFPL part of article 16 referred to in the ninth, may be replaced by another factor of 0.0002 coefficients range from 0.0001 to 0.0002 ** licensed Manager fills in the AIF identification information annex 4 financial and capital market Commission 05.02.2014. regulatory arrangements no 15 AIF review of securities position title position number of the issuer's name issuer's registration number ISIN code of the country of registration of the issuer the issuer's sector code code code for the currency of Emissions emission date maturity date coupon rate (%) The cost of the coupon frequency is the number of days in the coupon rate for up to additional-information now the total nominal value of currency emission number of Securities carrying value (in euros) A B C D E F G H I J K L M O 1 2 3 debt securities and other fixed income securities (ISIN code) 11101 x x x x x x x x x x debt securities and other fixed income securities (ISIN code) 11102 x x shares (ISIN code) 11103 x x x x x x x x x x x shares (ISIN code free) 11104 x x x x x x x other securities with fixed income (ISIN code) 11105 x x x x x x x x x x x other securities with fixed income (without the ISIN code) 11106 x x x x x x x units of investment funds (share) (ISIN code) 11107 x x x x x x x x x x x investment fund investment certificate (part) (without the ISIN code) 11108 x x x x x x x part of the AIF (ISIN code) 11109 x x x x x x x x x x x part of the AIF (without the ISIN code) 11110 x x x x x x x * fills in on the money market fund AIF identification information annex 5 financial and capital market Commission 05.02.2014. regulatory arrangements no 15 AIF review assets and liabilities I.. Assets and liabilities

Position title position number, issuer name the issuer of the counterparty, counterparty, Issuer country code counterparty sector code currency code in the total nominal value of currency emissions accounting value (integer) A B C D E F 1 2 ACTIVE securities together (4. the carrying amount of the annex) 1110 x x x x x Requirement to request to credit institutions 1120 x short term deposits with credit institutions long-term deposits with credit institutions 1130 1140 derivative financial instruments x 1160 1150 short term loans long term loans investment property 1170 1180 x x x x x prepaid expenses and accrued income other assets 1190 x 1200 x x x total assets 1000 x x x x x liability               Short-term debt long-term debt 2110 2120 short-term liabilities from repurchase or securities lending or borrowing transactions the 2130 x long-term liabilities from repurchase or securities lending or borrowing transactions the 2140 x derivative financial instruments 2150 x units (part of) the debt 2160 x atpakaļpirkšan x deferred income and accrued expenses x x 2170 accruals and payments x x 2180 2190 x x other liabilities total liabilities 2000 x x x x x net asset value (1000-2000) 3000 x x x x x x AIF investments qualified 4108 x x x x part II. Investment property (1180. position the explosion) transaction asset and liability positions code real estate registration country code currency code of transaction book value at the end of the previous reporting period (in whole €) during the period considered (negative changes are presented with the "-" sign) carrying value (integer) Business related changes other changes that are not incurred by the transaction (A) (B) (C) (D) 1 2 3 4 investment property group no. 1 investment property the Group No 2 investment property the Group No.
              1180 x x t.sk together. investment property on which is mounted the land rights of pledge 1181 x x x x x part III. Leverage funding leverage funding (%) AIF rules limit (%) A B 1 2 AIF the leverage funding, calculated by the gross method () 3101 AIF the leverage funding, calculated by the method of commitments (%) 3102 AIF identification information annex 6 financial and capital market Commission 05.02.2014. regulatory arrangements no 15 AIF overview of income and expenditure position title position number accounting value (integer) 1 (A) (B) income interest income Dividend income from 0101 0102 real estate letting and letting other income 0103 0104 total (0101 + ... + 0104) 0100 expenses compensation Manager compensation for custody 0201 0202 0203 general administration expenses interest expense other 0204 0205 total (0201 + ... + 0205) 0200 investment appreciation/(decrease) in income reference period from investment sales 0301 sold during the period of the acquisition value of investments Realized in investment sales 0302 profit/(loss) (0301, 0302) 0303 sold during the reference period the investment value (increase)/decrease in established in previous reporting periods 0304 realized investment value increase/(decrease) (+ 0303 0304) 0305 unrealized investment value increase/(decrease) 0306 total (0305 + 0306) 0300 taxes and fees as a result of high investment, 0500 DOES NOT increase/(decrease) (0100-0200 + 0300-0500) 0600 * figures in parentheses include items with negative sign AIF identification information annex 7 financial and capital market Commission 05.02.2014. regulatory arrangements no 15 AIF net asset value changes overview

Position title position number accounting value (integer) (A) (B) 01 is NOT reviewed at the beginning of the year as a result of high Investment 0100 NOT increase/(decrease) in investment share Dividend 0200 holders 0300 income from the sale of investments the investment part atpakaļpirkšan 0401 expenses transactions with investment 0402 parts results in increase of the NO/(decrease) (0401-0402) 0400 NOT increase/(decrease) in the reporting period (0200-0300 + 0400) 0500 is NOT at the end of the reporting period (0100 + 0500) 0600 part number issued to investment review at the beginning of the year the investment share issued by 0700 number report at the end of the period is NOT on one investment 0800 part at the beginning of the year (0100:0700) 0900 per investment is NOT part of the at the end of the reporting period (0600:0800) 1000 * figures in parentheses include items with negative sign AIF identification information annex 8 financial and capital market Commission 05.02.2014. regulatory arrangements no 15 overview of AIF investors investor group position number country code sector code of the investor contribution to the part number of the part of the AIF book value (integer) A B C D 1 2 Professional investors 01 investors that correspond to the AIFPL in the second subparagraph of article 9 (min. 20 000 euro investment) 02 investors who meet the AIFPL 41. the eighth part of the * article * (min. 100 000 euros of investment) 03 investors who meet the AIFPL 41. the ninth part of the article * 04 total (01 + 02 + 03 + 04) 05 x x investors who made investments total investment in the company, which was founded before the 07.08.2013 period from its incorporation, date to the date of registration in the Commission 06 total (05 + 06) 07 x x fill the AIF Manager registered ** licensed fills in the AIF Manager