Audit Committee and/or any Directors differ from the Board of Directors’ opinion -None -

and/or any Directors differ from the Board of Directors’ opinion -None -

all grid and storage assets and activities. However, the requirements differ depending on the asset or activity being practiced. This is explained in the diagram overleaf. Certain assets and activities

guidance on how these principles can be approached and may be delivered. While practice will vary in detail between national markets, the principles that underlie high standards are constant. Good practice

unit holders by calculating returns that vary according to a formula of calculation or a certain condition that is not easily understood by retail investors; “notification on investment” means the

applied as mentioned above to the Company’s best ability to reflect the financial performance based on actual business events, which may differ from the financial statements reviewed and/or audited by the

ability to reflect the financial performance based on actual business events, which may differ from the financial statements reviewed and/or audited by the auditors authorized by the Securities and Exchange

, please consult the prospectus. Performance of Fund classes will differ. Please see the prospectus for details. To obtain performance information current to the most recent month-end, please call +1 (212

ended 31 March 2020 2 | P a g e *Value may differ by one decimal point due to rounding Highlights 1/ One-time expenses in Q1/2019 were resulted from the employee retirement benefit (net after tax). 2

all cash collection items from the NPL and NPA management business. However, cash collection is not a standard indicator prescribed by TFRS, and so the methods of calculation may differ from methods of