Advisory Firm L1 Capital US is a Florida Corporation formed on 19 January 2018. The sole owner and controlling party of L1 Capital US is David Feldman (the “Principal”). L1 Capital US intends to act as a sub-investment adviser to L1 Capital Global Opportunities Master Fund (the “Master Fund”) and its feeder fund, L1 Capital Global Opportunities Fund (collectively with the Master Fund, the “Funds”). The Funds are exempted companies incorporated with limited liability under the laws of the Cayman Islands. The Funds are exempt from registration under the Investment Company Act of 1940, as amended, and the sale of their interests will not be registered under the Securities Act of 1933, as amended. L1 Global Manager Pty Limited (“L1 Global”) acts as investment manager to the Funds and delegates all investment management rights to L1 Capital US and L1 Capital Pty Limited (“L1 Capital Australia”). L1 Capital US, L1 Capital Australia and L1 Global will be referred to collectively as “L1” or the “Firm” in this Brochure. Types of Services Offered The principal activity of L1 Capital US is to provide discretionary investment management services, including investment advisory services, to the Master Fund. L1 Capital US and L1 Global have entered into a subadvisory agreement (the “Subadvisory Agreement”) that governs L1 Capital US’s investment and trading activities. The Subadvisory Agreement authorizes L1 Capital US to conduct investment activities such as portfolio management, risk management, research, and trading from its offices in Miami Beach, on behalf of L1 Global for the ultimate benefit of the Funds and future clients of L1. The investment objective of the Master Fund is to achieve favorable risk adjusted returns with a focus on capital preservation and risk management. L1 Capital US provides delegated investment management and advisory services to the Master Fund based on specific investment objectives and strategies. The Funds’ offering documents (as amended and supplemented from time to time) set forth the investment guidelines and/or

the types of investments in which the Funds may invest. The Master Fund will invest in a broad range of equity and debt securities as well as other financial instruments, including, but not limited to, common and preferred shares, bonds, loans, trade claims, bank deposits, currencies and options. Among the principal strategies implemented by the Master Fund are deep value equity and corporate debt, convertible securities, events and equity long/short investing. Ability to Tailor Services and Impose Restrictions The investment objectives and strategy for the Funds are described in the Funds’ offering documents. L1 Capital US provides investment management and advisory services to the Funds, pursuant to the Subadvisory Agreement, based on the specific investment objectives and strategies of the Funds and does not provide services individually to investors in the Funds (the “Investors”). Since the Firm does not provide tailored advice to the Investors, the Investors should consider whether the Funds’ investment strategies are in line with their risk tolerances. The Funds may from time to time enter into side letter agreements or other similar agreements (“Side Letters”) providing Investors with additional and/or different rights and benefits. Wrap Fee Programs L1 Capital US does not participate, sponsor or act as a portfolio manager for any wrap fee programs. Client Assets As of December 31st, 2023, L1 Capital US had approximately US$288,458,159 of regulatory assets under management. Because (i) L1 Capital US provides its advisory services to L1 Global, by means of the Subadvisory Agreement, on a discretionary basis and for the general benefit of the Funds and (ii) L1 Capital US’s services are not restricted to any particular portfolio or account, L1 Capital US may be deemed to concurrently be managing all of the client assets managed by L1 Global. The performance of the Funds is reported, fees are calculated, and all subscriptions and redemptions are transacted, in US dollars (US$).