Coeli Frontier Markets Ab

Allegations: COELI REAL ESTATE FUND I AB ACCIDENTLY MISSED FILING A SECURITIES NOTE IN CONNECTION WITH A SECONDARY PUBLIC OFFERING. THE COMPANY DISCOVERED THE MISSTABE BY ITSELF AND NOTIFIED THE SWEDISH FSA STRAIGHT AWAY, WHILE ALSO TEMPORARLY SUSPENDING THE PUBLIC OFFERING WHILE WAITIN FOR THE SECURITIES NOTE TO BE DULY APPROVED. FOR THIS THE SWEDISH FSA ISSUED A FINE OF SEK 200 000 (APPROXAMETLY USD 20 000) Status: Final Summary: COELI REAL ESTATE FUND I AB ACCIDENTLY MISSED FILING A SECURITIES NOTE IN CONNECTION WITH A SECONDARY PUBLIC OFFERING. THE COMPANY DISCOVERED THE MISSTABE BY ITSELF AND NOTIFIED THE SWEDISH FSA STRAIGHT AWAY, WHILE ALSO TEMPORARLY SUSPENDING THE PUBLIC OFFERING WHILE WAITIN FOR THE SECURITIES NOTE TO BE DULY APPROVED. FOR THIS THE SWEDISH FSA ISSUED A FINE OF SEK 200 000 (APPROXAMETLY USD 20 000)

Allegations: COELI REAL ESTATE FUND I AB ACCIDENTALLY MISSED FILING A SECURITIES NOTE IN CONNECTION WITH A SECONDARY PUBLIC OFFERING. WE DISCOVERED THIS MISTAKE OURSELVES AND NOTIFIED THE AUTHORITY STRAIGHT AWAY, WHILE ALSO TEMPORARILY SUSPENDING THE PUBLIC OFFERING WHILE WAITING FOR THE SECURITIES NOTE TO BE DULY APPROVED. FOR THIS, THE AUTHORITY ISSUED A FINE OF SEK 200 000 (APPROXIMATELY USD 20 000). Status: Final Sanction Detail: THE COURT ORDERED A FINE OF SEK 200 000 FOR MISSED FILING A SECURITIES NOTE IN CONNECTION WITH A SECONDARY PUBLIC OFFERING. Summary: THE COURT ORDERED A FINE OF SEK 200 000 FOR MISSED FILING A SECURITIES NOTE IN CONNECTION WITH A SECONDARY PUBLIC OFFERING. THE FINE IS PAID BY OUR AFFILIATE.

Allegations: THE SWEDISH FINANCIAL SUPERVISORY AUTHORITY ISSUED AN ADMINISTRATIVE FINE DUE TO LATE REPORTING OF INTEREST RATE RISKS COVERING THE PERIOD JANUARY, FEBRUARY AND MARCH 2016, PURSUANT TO RELEVANT SWEDISH SECURITIES MARKET REGULATIONS. Status: Final Sanction Detail: COELI FRONTIER MARKETS PAID THE FULL ADMINISTRATIVE FINE (APPROXIMATELY USD 1.000,00, OR 10 000 SEK) UPON RECEIVING THE INVOICE FROM THE AUTHORITY. THE INVOICE WAS PAID ON JANUARY 4, 2017. Summary: THE CASE WAS INITIATED ON AUGUST 1, 2016, WHEN COELI FRONTIER MARKETS AB RECEIVED A NOTIFICATION LETTER FROM THE AUTHORITY, INDICATING THAT COELI WOULD BE ISSUED A FINE FOR LATE REPORTING. COELI FILED A STATEMENT EXPLAININING THE CAUSES OF THE DELAY UPON THE INVITATION FROM THE AUTHORITY TO DO SO. ON DECEMBER 14, 2016, THE AUTHORITY ISSUED THE FINE, WHICH COELI AGREED TO PAY. COELI UNDERSTANDS THAT THE MATTER IS FULLY RESOLVED.

Allegations: COELI ASSET MANAGEMENT AB WAS ISSUED AN ADMINISTRATIVE FINE FOR LATE REPORTING PURSUANT TO THE SWEDISH ALTERNATIVE INVESTMENT FUND MANAGERS ACT. Status: Final Sanction Detail: COELI ASSET MANAGEMENT WAS ISSUED A FINE AMOUNTING TO SEK 20.000,00 (APPROXIMATELY USD 2.000,00). THE INVOICE WAS PAID IN FULL ON DECEMBER 29, 2016. Summary: COELI ASSET MANAGEMENT AB FILED A LATE STATUTORY QUARTERLY REPORT FOR ITS ALTERNATIVE INVESTMENT FUNDS. THE REPORT WAS FILED ON JULY 22,2016, INSTEAD OF JULY 21 2016. ON SEPTEMBER 28, 2016, THE AUTHORITY SENT A LETTER REQUESTING A STATEMENT FROM THE COMPANY. ON OCTOBER 21, 2016, THE COMPANY FILED A LETTER TO THE AUTHORITY EXPLAINING THE CAUSES OF THE DELAY. THE AUTHORITY ISSUED AN ADMINISTRATIVE PENALTY FINE OF APPROXIMATELY USD 2.000,00 ON NOVEMBER 30, 2016. WHICH COELI ASSET MANAGEMENT AB AGREED TO PAY. COELI ASSET MANAGEMENT AB UNDERSTANDS THAT THE MATTER IS FULLY RESOLVED.

Allegations: THE SWEDISH FSA HAS INITIATED A REGULATORY REVIEW PERTAINING TO HOW THE COMPANY MANAGES CONFLICTS OF INTERESTS IN ITS PRIVATE EQUITY FUNDS. Status: Pending Summary: THE FSA HAS REQUESTED INFORMATION ON HOW COELI ASSET MANAGEMENT IDENTIFIES AND MANAGES CONFLICTS OF INTERESTS IN RELATION TO COMPANIES THAT ITS PRIVATE EQUITY FUNDS INVEST IN. WE HAVE PROVIDED THE AUTHORITY WITH ALL INFORMATION REQUIRED AND ARE NOW AWAITING THEIR ASSESSMENT AND CONCLUSION.