Castle Hook Partners LP is a Delaware limited partnership (hereinafter “Castle Hook,” “we”, “us”, “our” or the “Firm”) and is an affiliate of Castle Hook Partners GP, LLC (the “General Partner”) which serves as the general partner of the of the Firm. Mr. David Rogers (the “Principal”) is the Founding Partner and sole managing member of the General Partner. The General Partner has ultimate management authority over all investments, asset dispositions, distributions and other affairs of the Firm. Castle Hook has its principal place of business in New York, New York, a branch office in Washington D.C., and also has personnel operating out of California. Castle Hook's Form ADV also covers the Main Fund General Partner and Carbon Fund General Partner (as defined above). The Main Fund General Partner and Carbon Fund General Partner are affiliates of Castle Hook and serve or may serve as the general partner (or in such similar capacity) of pooled investment vehicles. The Main Fund General Partner’s and Carbon Fund General Partner’s facilities and personnel are provided by Castle Hook. Castle Hook serves as the investment adviser, with discretionary trading authority, to the following private pooled investment vehicles (each, a “Fund” or “Funds”): Castle Hook Fund LP, a Delaware limited partnership (the “Onshore Fund”), Castle Hook Offshore Fund Ltd., a Cayman Islands exempted company (the “Offshore Fund”); Castle Hook Intermediate Fund Ltd., a Cayman Islands exempted company (the “Intermediate Fund”), and Castle Hook Master Fund Ltd., a Cayman Islands exempted company (the “Master Fund” and, collectively with the Onshore Fund, the Offshore Fund and the Intermediate Fund where applicable, the “Main Fund” or “Main Funds”), Castle Hook Carbon Opportunity Fund LP, a Delaware limited liability partnership (the “Carbon Onshore Fund”, and together with the Onshore Fund, the “Castle Hook Onshore Funds”), Castle Hook Carbon Opportunity Offshore Fund Ltd., a Cayman Islands exempted company (the “Carbon Offshore Fund”, and together with the Offshore Fund, the “Castle Hook Offshore Funds”), Castle Hook Carbon Opportunity Intermediate Fund Ltd., a Cayman Islands exempted company (the “Carbon Intermediate Fund”, and together with the Intermediate Fund, the “Castle Hook Intermediate Funds”), and Castle Hook Carbon Opportunity Master Fund Ltd., a Cayman Islands exempted company (the “Carbon Master Fund”, and together with the Carbon Onshore Fund, Carbon Offshore Fund, and Intermediate Carbon Fund, the "Carbon Fund" or “Carbon Funds”, and together with the Master Fund, the “Castle Hook Master Funds”). The Main Fund General Partner serves as the general partner of the Onshore Fund and as the manager to the Intermediate Fund and the Carbon Fund General Partner serves as the general partner of the Carbon Onshore Fund and as the manager to the Carbon Intermediate Fund. The Castle Hook Offshore Funds’ respective “Shareholders” and the Castle Hook Onshore Funds’ respective “Limited Partners” are hereafter collectively referred to as the “Investors” where appropriate. We will not tailor our advisory services to the individual needs of any particular Investor. This Brochure does not constitute an offer to sell or a solicitation of an offer to buy any securities. The securities of the Funds are offered and sold on a private placement basis under exemptions promulgated under the “Securities Act” of 1933 and other applicable state, federal or non-U.S. laws. Significant suitability requirements apply to prospective Investors in the Funds, including requirements that they be “accredited investors” as defined in Regulation D of the Securities Act, “qualified purchasers” as defined in the Investment Company Act of 1940, or non-” U.S. Persons” as defined in Regulation S of the Securities Act. Persons reviewing this Brochure should not construe this as an offer to sell or a solicitation of an offer to buy the securities of any of the Funds described herein. Any such offer or solicitation will be made only by means of a confidential memorandum.

The Main Fund Strategy Castle Hook utilizes a global opportunistic strategy which seeks to marry a discretionary macro approach to asset class selection and the analysis of markets and economies with a bottoms- up analytical framework for security selection. Castle Hook’s objective is to construct and manage a concentrated portfolio of macro instruments, corporate securities and/or commodities that optimizes risk/reward in any market environment. Castle Hook’s investment philosophy is based upon a belief that top-down macroeconomic analysis and bottoms-up security analysis should not be two distinct processes. Rather, each is enhanced by the contributions of the other. Castle Hook believes that the best investment opportunities arise when a security is identified that (a) benefits from a powerful macroeconomic trend, (b) has its own idiosyncratic investment merits independent of macro variables, and (c) exhibits attractive technical characteristics. Castle Hook supplements its primary investment strategy with more opportunistic trading strategies, such as an equity capital markets strategy that seeks to generate returns from participating in new issues and block trades. The Carbon Opportunity Fund Strategy The investment objective of the Carbon Master Fund is to achieve capital appreciation over time through investments in North American carbon markets with an initial focus on California carbon allowances ("CCAs"), which are compliance instruments of the cap-and-trade greenhouse gas emission reduction program established under the laws of the State of California. The Carbon Master Fund will initially seek to access such carbon markets through investments in CCA futures and options on futures contracts, and the Carbon Master Fund may in the future invest in physical carbon allowances. Castle Hook’s approach is based on modeling future sector-level carbon emissions within the jurisdictions of the relevant cap-and-trade programs, and then evaluating the extent to which those projected emissions might be above or below the emissions cap in the program, taking into account the resulting trajectory of the inventory of allowances in the market. Based on the projected surplus or shortfall, Castle Hook seeks to identify prices that would create supply and demand balance in the allowance market and capitalize on differences between those prices and the prices in the futures and physical carbon markets. Castle Hook seeks to closely follow regulatory developments at the governing agencies as well as the relevant legislative bodies as they consider rule changes and extensions of the programs to help inform realistic price objectives and downside risks. Castle Hook also seeks to monitor and use the options market opportunistically when opportunities arise to increase risk adjusted returns to fundamental price objectives. For additional details regarding our investment objectives and processes, please see Item 8 below and the applicable offering documents for the Funds. The descriptions set forth in this Brochure of specific advisory services that we offer to our clients, and investment strategies pursued and investments made by us on behalf of our clients, should not be understood to limit in any way our investment activities. We may offer any advisory services, engage in any investment strategy and make any investment, including any not described in this Brochure, that we consider appropriate, subject to each client’s investment objectives and guidelines. The investment strategies we pursue are speculative and entail substantial risks. Clients should be prepared to bear a substantial loss of capital. There can be no assurance that the investment objectives of any client will be achieved. We do not currently participate in any Wrap Fee Programs. Castle Hook managed approximately $2,690,399,292 of RAUM on a discretionary basis (calculated as of December 31, 2023 for the Main Funds, and as of February 29, 2024 for the Carbon Funds, as such funds launched in February 2024), and did not manage any client assets on a non-discretionary basis.