Description of the Firm The Firm Firebird Management LLC (“Firebird”) is a privately owned limited liability company organized under the laws of the state of New York, with its principal place of business in New York, New York. Firebird began providing investment advisory services in 1996. The current principal owners of Firebird are Harvey Sawikin, Ian Hague, Steven Gorelik and Joanne Tuckman. Firebird and the Advisory Affiliates (as defined below) serve as the discretionary investment manager to several private investment funds and provide non-discretionary management support services to two private equity funds as set forth below. Firebird’s Advisory Affiliates Firebird is under common control with six advisory affiliates (the “Advisory Affiliates”). The principal place of business for each of the Advisory Affiliates is New York, New York. The Advisory Affiliates and Firebird are collectively referred to in this brochure as the “Advisors.” Firebird’s Advisory Affiliates are: Firebird Advisors LTD Cayman Islands exempted company (“Firebird Advisors”) that began providing investment advisory services in 1994, and whose principal owners are Harvey Sawikin and Ian Hague. Firebird Avrora Advisors LLC New York limited liability company (“Firebird Avrora”) that began providing investment advisory services in 2003, and whose principal owners are Harvey Sawikin, Ian Hague, Steven Gorelik and Joanne Tuckman. Firebird Value Advisors, L.P. Delaware limited partnership (“Firebird Value”) that began providing investment advisory services in 2014, and whose principal owners are Steven Gorelik, Harvey Sawikin and Ian Hague. Firebird Private Equity Advisors, LLC New York limited liability company (“Firebird PE”) that began providing investment advisory services in 2002, and whose principal owners are Harvey Sawikin and Ian Hague. The Firebird Funds The Advisors manage and/or provide management support to various private investment funds (each a “Fund” or a “client” and together the “Funds,” the “clients” or the “Firebird Funds”). The Funds managed by Firebird are: Firebird New Russia Fund, Ltd. (“New Russia Fund”) Firebird Republics Fund, Ltd. (“Republics Fund”) Firebird Republics SPV Ltd. (“Republics SPV Fund”) Firebird Advisors manages Firebird Fund, L.P. (“Firebird Fund”), Firebird Avrora manages Firebird Avrora Fund, Ltd. (“Firebird Avrora Fund”) and Firebird Value manages Firebird U.S. Value Fund, L.P. (“Firebird U.S. Value Fund”) The Funds for which Firebird PE provides management support (the “Amber Funds”) are: Amber Trust, S.C.A. (“Amber I”) Amber Trust II, S.C.A. (“Amber II”) Advisory Services Offered The Advisors serve as the investment manager or adviser, or provide management support services, to the Firebird Funds, each of which is exempt from registration with the Securities and Exchange Commission (“SEC”) under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and the U.S. Investment Company Act of 1940, as amended (the “Investment Company Act”). The Advisors provide investment advisory or management support services tailored to the specific investment guidelines of each Fund as set forth in the confidential private placement memorandum (“PPM”) applicable to each Fund. Each Advisor other than Firebird PE has complete discretion and authority to manage the assets of each Firebird Fund. Each Advisor’s clients, and the underlying investors in the Funds, do

not have the ability to impose restrictions on each Fund’s investments in certain securities or types of securities. Firebird PE, along with KJK Investments S.a.r.l. (“KJK”), provides management support to the Amber Funds. Firebird PE is not affiliated with KJK. Firebird PE and KJK provide these services to the Amber Funds pursuant to a management support and advisory services agreement (the “Management Support Agreements”) with each of Amber Trust Management S.A. (“Amber Management”) and Amber Trust Management II S.A. (“Amber Management II”), which are the managers of Amber I and Amber II, respectively. Firebird PE does not make investment recommendations or decisions for the Amber Funds, which are made instead by Amber Management and Amber Management II, respectively, with the assistance of their respective investment advisors and upon the approval of their respective supervisory boards. Certain of the principals of Firebird PE are also members of the Supervisory Board and Management Board of Amber Management and Amber Management II. Firebird PE and Amber Management each own 50% of the participating shares in Amber, and Firebird PE and KJK each own 50% of the participating shares in Amber II. The investment objective of each of the Funds is to achieve long-term capital appreciation. The manner in which each Fund seeks to accomplish this is set forth in detail in the PPM for each Fund. Firebird Fund, Firebird Avrora Fund and Firebird Republics Fund invest primarily in publicly-traded securities of companies operating in Russia, the other former Soviet republics, including Kazakhstan and the Baltic republics, and certain early-stage Eastern European markets, including Romania and Bulgaria. Republics SPV Fund holds investments in private securities of companies operating in Russia, Kazakhstan and Kyrgyzstan. Firebird U.S. Value Fund invests primarily in listed equity securities of U.S. companies. On November 20, 2015, the directors of New Russia Fund resolved to wind down the Fund. Accordingly, the New Russia Fund is being managed with the intention of returning cash to the investors on a pro-rata basis as and when assets are realized. On March 1, 2022, due to events in Ukraine and Russia, the General Partner of Firebird Fund and the directors of Republics Fund and Avrora Fund resolved to suspend subscriptions and redemptions on all classes of shares. On April 30, 2022, the directors of Avrora Fund resolved to designate all Russian securities in its portfolio as Special Investments and to create a new series of Special Investment Shares to represent such Special Investments, and simultaneously resolved to terminate the suspension of subscriptions and redemptions for its main class of shares. Amber I and Amber II are closed end private equity investment funds investing primarily in the Baltic region. The Amber Funds invest principally in equity or debt securities convertible into or otherwise linked to the performance of equity securities of companies established in the Baltic region, including ordinary and preference share capital, convertible debt, equity warrants or other equity related securities. The Advisors do not participate in any wrap fee programs. Assets under Management As of December 31, 2022, the Advisors managed approximately $313,000,000 of regulatory assets under management on a discretionary basis. As of December 31, 2022, Firebird PE provided non-discretionary management support services to approximately $92,000,000 of regulatory assets under management.