A. Description of the advisory firm and principal owner Description of the advisory firm group Boussard & Gavaudan America LLC ("BGA" or the "Firm"), located in New York, NY, commenced operations in February 2016, and is principally owned by Emmanuel Gavaudan, Emmanuel Boussard, and Boussard & Gavaudan Partners Limited. BGA is part of the larger BG Group, which includes related affiliate entities Boussard & Gavaudan Investment Management LLP ("BGIM") and Boussard & Gavaudan Gestion SAS ("BGG"). Principal owners Our principal owners are:
• Emmanuel Gavaudan
• Emmanuel Boussard
• Boussard & Gavaudan Partners Limited Their details are set out below: Emmanuel Gavaudan In July 2002, Mr Gavaudan co-founded BGAM and he has been a partner of the investment manager and chief executive officer of the corresponding general partner since that date. Prior to this, he spent over 13 years at Goldman Sachs in London and Zurich. He served first as a portfolio manager for large family offices, trusts and foundations, managing equities, bonds, derivatives and currencies. He served as portfolio manager for a diversified SICAV Part II using all asset classes between 1994 and 1998. He became a Managing Director in 1998 and went to Zurich as the General Manager of Goldman Sachs & Co Bank, responsible for all divisions of Goldman Sachs in Switzerland. He returned to London in 2000 as Partner in the Investment Management Division. He joined the European Management Committee, the board of Goldman Sachs International, the board of Goldman Sachs & Co Bank as well as the PWM Global Operating Committee. Mr Gavaudan obtained his MBA from the Wharton School, University of Pennsylvania and a JD in Law from Paris University-Assas. He is a graduate of the Institut d'Etudes Politiques de Paris. Emmanuel Boussard In July 2002, Mr Boussard co-founded BGAM and he has been a partner of the investment manager and chief investment officer of the corresponding general partner since that date. Emmanuel Boussard was with Goldman Sachs International from August 1996 until July 2002. Most

recently he was an Executive Director of Goldman Sachs International based in Paris, where he was responsible for European equity derivatives proprietary trading. From January 1998 until June 2001, he was in charge of the French stock options book. Between August 1996 and June 1998, he held responsibility for the Goldman Sachs’ “World Book” which contained options involving correlation on equity indices around the world. Prior to that, Mr Boussard was at Bankers Trust International where from March 1996 to July 1996 he was a derivatives trader on the path dependent options book. From August 1994 to February 1996, he was at Bankers Trust Company where he traded swaps, futures and currencies in South East Asian, South American and European Markets and completed the Associate MBA training programme. Between August 1990 and August 1994 he completed the doctoral programme in mathematics at the École Normale Superieure in Paris. Boussard & Gavaudan Partners Limited BGA is directly owned by Boussard & Gavaudan Partners Limited (“BGPL”). BGPL was incorporated in England and Wales on 24 June 2002. The directors of BGPL are Emmanuel Boussard, Emmanuel Gavaudan and Rubens Serenade. B. Types of advisory services BGA has been appointed as Sub-Investment Manager to manage assets on behalf of BG Master Fund ICAV (“BG Fund” or the “Fund”). The Sub-Investment Manager has full discretion, subject to the overall review and control of the Directors of BG Fund, to manage and invest the assets of BG Fund in pursuit of the investment objective and to determine the approach and strategies, subject to the investment restrictions described in the Prospectus. The Firm’s investment advisory services are provided directly to BG Fund and are not tailored to any individual underlying investors. The management style combines fundamental analysis and multi-asset class analysis (equity, credit and volatility). C. Client Assets As of December 31, 2023, the Firm managed approximately $ 675,000,000 of regulatory assets under management on a discretionary basis. The Firm does not manage assets on a non-discretionary basis.