AS Avaron Asset Management (hereinafter “Avaron”, “the Company” or “we”) is an independent fully employee-owned asset management company and an investment adviser registered with the Estonian Financial Supervision Authority (hereinafter “Estonian FSA”). Our principal place of business is Tallinn, Estonia. We are authorized under the Estonian FSA to provide fund management, portfolio management and investment advisory services. Avaron was incorporated in January 2007 under the laws of Estonia. Avaron is a limited liability company. Beneficial owners of the Company are its founding partners Kristel Kivinurm-Priisalm (CEO), Valdur Jaht (CIO & Chair of Responsible Investments) and Peter Priisalm (CIO) who via their holding companies (OÜ Princo and OÜ Venatio) together own a 82.41% shareholding in the Company. The rest of the Company is owned by its long-term senior research team – Rain Leesi (Investment Manager & Head of Research, 6.85%), Piotr Jurga (Senior Analyst, 5.86%) and Reino Pent (Senior Analyst, ESG Specialist 4.88%). Avaron is an investment adviser to two UCITS compliant investment funds and one non-UCITS compliant public common alternative investment fund (AIF) registered with the Estonian FSA in Europe. The funds invest into Emerging Europe listed securities but have two distinct strategies. Avaron Emerging Europe Fund and Avaron Emerging Europe Smaller Companies Fund invest into listed equities of Emerging Europe, whereas the latter invests in small and mid-cap companies. Avaron Flexible Strategies

Fund invests mainly into European equities and fixed income. Avaron Emerging Europe Fund is publicly marketed in Estonia, Finland, France, Germany, Latvia, Lithuania, Norway, Sweden and UK. Avaron Flexible Strategies Fund is publicly marketed in Estonia and Lithuania. Avaron Emerging Europe Smaller Companies Fund is marketed exclusively in Estonia to private investors. In addition to Estonia-registered investment funds (hereinafter “Avaron Funds”) we manage money in the form of segregated accounts for institutional professional investors (hereinafter “Managed Accounts”). Managed Accounts invest all in Emerging Europe listed equities. Although all Managed Accounts follow a similar investment strategy, each account is tailored and different as investors impose restrictions on investing in certain countries, securities or types of securities. We are value-driven stock pickers with focus on fundamental analysis. We invest in listed all- cap companies (equities and high yield bonds) and take opportunities in the small and mid-cap market segments whenever these offer attractive risk-return patterns. Since 2011, we adhere to the United Nations’ Principles for Responsible Investment (UN PRI), as environmental, social and governance principles (hereinafter “ESG”) are an integral part of our investment process. As of February 29th 2024, we managed $266M in clients’ assets on a discretionary basis, including Avaron Funds, Managed Accounts and Investor assets. We do not manage any assets on non-discretionary basis.