Investment Disclaimer

This Document is delivered by Secerno Real Estate B.V. (“SRE”)Secerno HealthCare Real Estate Fund B.V. (“SHCRE”) and is for information and discussion purposes only, to a restricted circle of pre-selected individuals. It does not constitute an offer or invitation to subscribe for any Certificates (or other interests) in SHCRE (“Certificates”) and it is not authorized by the Dutch Authority Financial Markets  (AFM), the British Financial Conduct Authority (FCA) or the US Securities and Exchange Commission (SEC) or any other regulatory body.

SHCRE expects to make a limited number of written offers  to a pre-selected group of prospective investors complying with the Secerno investor qualification requirements for the issue of Certificates, a selected number of investors will be admitted as Certificate holders to SHCRE. Other than any express written offer by SHCRE, as noted above, no communication by any party may be taken as an offer or invitation to subscribe for any Certificates.

Any subscription for Certificates in SHCRE may be made solely on the basis of the information contained in the final form Private Placement Memorandum (together with the Subscription Agreement set out as a schedule thereto) and the Appendix thereto and the Articles of Association of SHCRE, any or all of which may contain information different from that contained in this Document.

The content of this Document has not been approved by an authorized person for the purposes of the AFM, FCA or SEC. Reliance on this Document for the purpose of engaging in any investment activity may expose an individual to a significant risk of losing all of the property or other assets invested.

This Document is not an admission document or an advertisement and does not constitute or form part of, and should not be construed as, an offer or invitation to sell or any solicitation of any offer to purchase or subscribe for any Certificates in SHCRE.

The distribution of this Document in certain non-Netherlands jurisdictions – and as a member State – of the non-EU jurisdictions, may be restricted by law and therefore persons into whose possession this document comes should inform themselves about and observe any such restrictions. Any such distribution could result in a violation of the law of such jurisdictions.

Neither the Presentation, nor any part of it nor anything contained or referred to in it, nor the fact of its distribution, should form the basis of or be relied on in connection with or act as an inducement in relation to a decision to purchase or subscribe for or enter into any contract or make any other commitment whatsoever in relation to any Certificates. Whilst the Document has been prepared in good faith, no representation or warranty, express or implied, is given by or on behalf of SHCRE or its respective directors and affiliates or any other person as to the accuracy or completeness of the information or opinions contained in this Presentation and no responsibility or liability whatsoever is or will be accepted by SHCRE, its respective directors and affiliates or any other person for any loss howsoever arising, directly or indirectly, from any use of such information or opinions or otherwise arising in connection therewith. Any such liability is expressly disclaimed.

Although reasonable care has been taken to ensure the facts stated in this Document are accurate and that the assumptions expressed are fair and reasonable the information in this Document, which includes certain information drawn from public sources, does not purport to be comprehensive, and has not been independently verified and is liable to change. The date of this Document is as set out herein.

Forward-looking statements contained in this Document regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. SHCRE does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. You should not place undue reliance on forward-looking statements, which speak only as of the date of this document. Recipients should not treat the contents of this Document as advice relating to legal, taxation or investment matters, and are to make their own assessments concerning these and other consequences of the various investments, including the merits of investing and the risks. Recipients are advised to conduct their own due diligence.

The promotion of the Certificates and the distribution of this Document in the United Kingdom are restricted by law. Accordingly, this Document is directed only at (i) persons outside the United Kingdom to whom it is lawful to communicate it, or (ii) persons having professional experience in matters relating to investments who fall within the definition “investment professionals” in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”), or (iii) high net worth companies, unincorporated associations and partnerships and trustees of high value trusts as described in Article 49(2) of the Order and any other persons who fall within other applicable exemptions under the Order (together, “Relevant Persons”). Any investment or investment activity to which this Document relates is available only to, and will be engaged in only with, Relevant Persons. This Document must not be acted on or relied on by persons who are not Relevant Persons. You represent and agree that you are a Relevant Person.

In receiving any information relating to SHCRE (whether in written or oral form), including the information in this Document, you will be deemed to have represented and agreed for the benefit of SHCRE and the other legal and financial advisers participating in this process (i) that you will only use such information for the purposes of discussions with SHCRE, (ii) to hold such information in strict confidence and not to disclose it (or any discussions with SHCRE or) to any person, except as may be required by law, regulation or court order, (iii) not to reproduce or distribute, in whole or in part, (directly or indirectly) any of the information in this Document; (iv) that you will comply with all laws applicable to possessing such information, including without limitation insider trading laws, market abuse regulations and applicable regulations and recommendations of the Dutch Authority Financial Markets or any other relevant regulator, and (v) that you are permitted, in accordance with all applicable laws of all applicable jurisdictions, to receive such information.

This Document includes forward looking statements and actual results may differ and may substantially differ from any such statement. In particular, no assurance is given that any projection or other forward looking statement included in this Document, or any equivalent result, will be achieved by SHCRE. Results may differ from those expected and the value of investments may go down as well as up. If any offer is made to a prospective investor, and that prospective investor invests in SHCRE, he, she or it could lose their entire investment.

Website

We pay our utmost care in compiling this website. By accessing this website , as well as the materials and information contained herein , the user declares to have taken note of the following conditions, to understand , to agree to and be bound by them.

The user is responsible for the choices made on the basis of the information on the website and for the use of that information . The user cannot derive any rights from the information on the website . This website is intended for general information purposes and may be changed without prior consent or notice .

Intellectual property

The content of this website , including but not limited to texts , photographs, illustrations , graphic material , ( trade) names and logos are protected by copyright , trademark and / or other intellectual property rights.

All rights vested in us or our approvers . The information on this website should be used . Exclusively by user personally.

The user is in accordance with the aforementioned rights is not legally permitted to transfer this information , reproduce , edit, or distribute without prior written consent of the owner (s) of the property .

Linked web sites

The user is advised that information on this website that is linked to or references other websites is neither investigated nor analyzed by us. We take no responsibility for the information and / or content of any web sites linked to this site . A link to another website is intended solely for the convenience of the user.

Gaining access to and the use of other Internet sites linked to this web site is available at your own risk and we accept and will not assume any obligation or liability . We reserve the right to terminate any link or information on this website to change or remove any time with no Liability.

Limited liability

We strive to provide accurate and current information to include on this website but cannot guarantee that the available information is complete or accurate . Nor can we , although we will endeavour to keep this website permanently available , accept any liability for any consequences of it being unavailable, temporarily or otherwise .

We emphasize to the user that some information is from external sources . We expressly disclaim any liability arising from breach of contract, tort , strict liability or any other legal , for any direct, indirect , incidental , consequential , punitive or special damages , as well as for damages arising in any way from or related to the access to and use of this website , regardless of if they were aware of the possibility (to incur) such damages.

Privacy Notice

At Secerno Real Estate B.V. (“SRE”), we understand that confidentiality and security of the personal information that you share with us is important. That is why we have developed specific policies and practices designed to protect the privacy of your personal information.

By participation in the Secerno Fund (Secerno HealthCare Real Estate Fund B.V or other), you have consented to the collection and use of your personal information in accordance with the privacy notice set forth below. We encourage you to read this privacy notice carefully.

SRE does not sell customer lists or customer email addresses to third party marketers.

In order to issue certificates or shares and to comply with regulatory requirements, SRE collects certain personal, nonpublic information from you. This includes information:

• Provided during the SRE participation application process (e.g., your name, e-mail address, telephone number, birth date, social security number, investment objectives, income etc.);
• Acquired as a result of the transactions you conduct through SRE or the Secerno Fund;
• Received from consumer-reporting agencies;
• Collected through Internet “cookies.”

Cookies are bits of textual information that are sent electronically from a web server to your browser and are stored on your computer. They do not identify you individually or contain personal information about you, unless you have identified yourself or provided the information by, for example, opening an account or registering for an online service. SRE may use cookies to measure and identify website traffic patterns and to track the performance of web features and advertisements. By providing SRE with a better understanding of how you and others use SRE’s website and other web services, cookies enable SRE to improve the navigation and functionality of its website and to present you with the most useful information and offers. SRE may share information obtained from cookies with its employees, agents, and affiliates, but does not sell such information to unaffiliated third parties. SRE may permit other companies or their third party ad servers to set cookies on your browser when you visit an SRE website. Such companies generally use these cookies as we do. We also use cookies to improve the performance of our advertising on other websites. Although you may not opt out of receiving online advertisements generally, you may control the collection of data on our website that is used for targeted secerno-re.com advertising during your visits to other websites. To opt-out of data collection by SRE for targeted advertising on other websites select opt out on any email advertising.

We safeguard the confidentiality of your information in a number of ways.

For example:

• We do not sell or license lists of our customers or the personal, nonpublic information that you provide to us.
• We restrict access to the personal, nonpublic information that you have shared with us to those SRE employees, agents and affiliates who need to know such information in connection with the services that SRE provides to you.
• We maintain strict employment policies that prohibit employees who have access to your personal, nonpublic information from using or disclosing such information except for business purposes.
• We take substantial precautions to safeguard your personal, nonpublic information. For example, the SRE system can be accessed only by authorized SRE personnel via valid user names and passwords. In addition, our Internet-based systems include security measures such as encryption and firewalls.

We do not disclose personal, nonpublic information to individuals or entities that are not affiliated with SRE, except as provided by law. For example, among other reasons, we may disclose or report such information: where necessary to authorize, effect, administer or enforce transactions that you request or authorize; to maintain and administer your account; to provide you with account confirmations, statements and records; to maintain appropriate archival records; where we believe that disclosure is required by applicable law, rules or regulations; to cooperate with law enforcement, regulatory or self-regulatory organizations; to enforce our customer and other agreements; to meet our obligations; or to protect our rights and property. As long as consistent with applicable securities laws and regulations, we may share anonymized account information or anonymized delayed order information with third parties (and/or share such information among our affiliates) for the purpose of analysis, research, market data compilation, product creation, establishing order routing and execution relationships, or for any other lawful purpose.

Finally, if you choose to subscribe to use the “Information for Investors” account in the website from SRE, we may disclose such information to the service providers as necessary for them to provide the services that you have requested. SRE requires these service providers to enter into confidentiality agreements with SRE that limit their use of the information that they receive. Such agreements prohibit the service provider from using SRE customer information that they receive other than to carry out the purposes for which the information was disclosed.

View, modify or delete data

You have the right to view, correct or delete your personal data. You can send your request for inspection, correction or deletion in writing to our Privacy Manager. You also have the right to order us to transfer the provided information to yourself or another party at your request. To be sure that the request for inspection was done by yourself, we ask you to send a copy of your identity document with this request. We also ask you to make the passport photo, MRZ (machine readable zone, the strip with numbers at the bottom of the passport), passport number and citizen service number (BSN) unrecognizable on this copy. This is to protect your own privacy. Secerno Real Estate B.V. will respond to the request as soon as possible, within the legal deadline.

In addition to the right of access, correction, deletion and data portability, you have the following rights with respect to our processing of your personal data:

• The right to withdraw your consent, insofar as our processing of your personal data is based on it.
• The right to lodge a complaint with the Dutch Data Protection Authority (Autoriteit Persoongegevens).
• The absolute right to object to direct marketing.
• The right to object against processing that takes place because of the legitimate interests of Secerno Real Estate B.V. or a third party (depending on your personal circumstances).

If you have any questions about these policies, please contact SRE Customer Service through the SRE website at the Customer Service Contact Page.