Investment Objective
The Investment Objective of the Sub-Fund is to
achieve positive returns under all market conditions.

Investment Policies
In order to achieve its Investment Objective, the SubFund shall invest primarily in a USD12.3M 6.00% 2023 Fixed Rate Note in respect of the Shipping Finance One Compartment (the “Note”) issued by Aldburg S.A. (the “Issuer”), a public company incorporated and organised as a securitisation company under the laws of Luxembourg, with Page 5 Bergholt SICAV p.l.c. – Real Economy Opportunity Fund Offering Supplement registration number B209441 and registered office situated at 2 Boulevard de Foire, 1528 Luxembourg, Grand Duchy of Luxembourg. The fixed rate interest
of 6.00% per annum in respect of the Note will be payable quarterly from 10 January, 2019. The maturity date of the Note is 10 October, 2023.