Alternative Liquidity Fund Limited Ptg.Shs USD · LSE:ALF

Alternative Liquidity Fund Limited Ptg.Shs USD — Alternative Liquidity Fund — Fact Sheet (March 2018)

5 slides from Alternative Liquidity Fund Limited Ptg.Shs USD's fact sheet, Mar 31, 2018

1. Slide 1: Fact Sheet as of March 31, 2018

   Alternative Liquidity Fund Limited “a y TICKER: ALF Se Fact Sheet as of March 31, 2018 Warana Capital t DESCRIPTION COMPANY INFORMATION Alternative Liquidity Fund Limited (“ALF” or the “Company’) is a Investment Warana Subscriptions & Guernsey-domiciled, London Stock Exchange-traded closed Manager:

2. Slide 2: Fund Update (Continued)

   Alternative Liquidity Fund Limited “a y TICKER: ALF eS = Fact Sheet as of March 31, 2018 Warana Capital FUND UPDATE (Continued) ALF is also exchanging some un-developed land in the outskirts of Kiev for more shares in the Nikolaev project, and upon completion ALF’s Ukrainian exposure will only be to

3. Slide 3: ALF Valuation Methodology (Continued)

   t Alternative Liquidity Fund Limited f y TICKER: ALF S.. Fact Sheet as of March 31, 2018 Warana Capital ALF VALUATION METHODOLOGY (Continued) Warana has developed a provisioning process to evaluate the portfolio as objectively as possible by taking into account the quality of the information receive

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5. Slide 5: Board of Directors

   7 Alternative Liquidity Fund Limited f y TICKER: ALF S.. Fact Sheet as of March 31, 2018 Warana Capital t BOARD OF DIRECTORS The Board comprises three Directors, all of whom are non-executive and independent of the Investment Manager. The Directors are responsible for the determination of the Compan

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