REAL ESTATEOPPORTUNITY FUND

Net return of 6-10% per annum;

100% allocation from day 1 in all share classes;

Investment in GBP, USD or EUR;

Monthly NAV & redemptions;

Returns generated from conservative property investments in the UK.

Summary Information

GeneralINVESTOR RETURN Target net return of 6-10% per annum

INVESTOR REDEMPTIONS Monthly, with minimum 30 days’ notice

MINIMUM INVESTMENT £10,000

Summary Terms of the Fund’s investmentsTHE INVESTMENT The Fund will make investments in a variety of real estate

opportunities in England, primarily in London and the South East. The focus is primarily on residential property, or projects that have a residential element.

SECURITY Investments are secured by prudential exposure to overall values, registered first legal charge over property where appropriate, as well as personal guarantees.

FEES & CHARGES There is a 1.95% annual management fee, plus a 25% performance fee to the manager.

The target return of 6-10% per annum is net of these costs.

m MONTELLO REAL ESTATE OPPORTUNITY FUND

The Current Market Opportunities

[The Montello Real Estate Opportunity Fund] consolidates Montello’s position in the market as a ‘one stop shop’ for real estate entrepreneurs… funding developers from acquisitions to bridging finance, through development and completion of projects’.

‘Montello Launches New Fund’

(8 January 2014)

‘

This market has the potential to generate superior risk-adjusted returns for investors.’

Montello: ‘Like a bridge over troubled waters’

(29 November 2010)

‘

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MontelloThe Montello Real Estate Opportunity Fund is advised by Montello Capital Advisors Limited (“Montello”), part of the Montello group, which is one of the leading real estate financiers in the UK. The Montello group was set up in 2008 and has since established an exceptional track record in real estate investment, providing returns at or above its Funds’ target ranges. Montello manages more than £100m and its funds have consistently returned between 6.5% and 10.25%pa.

As well as an extensive deal referral network of professional practices (law firms, accountants, IFAs etc.), Montello has a substantial portfolio of ongoing and repeat business from property developers and entrepreneurs. The average deal-flow that Montello generates, is between £50-120m each month.

The Montello team consists of professionals from top-tier backgrounds in finance, property and law, and has significant industry experience in the property finance marketplace.

MONTELLO REAL ESTATE OPPORTUNITY FUNDm

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Montello Transaction AdvisorMontello will be advised by CBRE Indirect Investment Services Limited (CBRE), which is Authorised and Regulated by the Financial Conduct Authority and is a wholly owned subsidiary of CBRE Limited whose ultimate parent company is CBRE Group Inc., as Transaction Advisor. CBRE is a global leader in real estate services, and has a team of professionals based in their London office that is currently mandated to advise on assets totalling over £5 billion. In addition to advising on transactions that the Montello Real Estate Opportunity Fund will be involved with, CBRE will assist in an ongoing role of portfolio management and, where appropriate, with originating transactions for the Fund.

Investment Asset ClassThe Montello Real Estate Opportunity Fund invests in real estate opportunities, with a focus on the UK, and particularly on London and the South East of England. These opportunities include financing, joint ventures, direct and co-investment in real estate and associated securities and investments.

The rationale of these investment objectives is to ensure that the Montello Real Estate Opportunity Fund provides stable, consistent, high level returns for Investors, with limited volatility.

The objective is to generate strong and stable cash flows while preserving capital, with a target to achieve an average total return to investors between 6% and 10% per annum.

The Montello Real Estate Opportunity Fund allows access to Montello’s expertise via a Luxembourg regulated vehicle, and has the following advisers:

Investment Advisor of the FundMONTELLO CAPITAL ADVISORS LIMITED 4 Bentinck Street London W1U 2EF, United Kingdom

Transaction AdvisorCBRE INDIRECT INVESTMENT SERVICES LIMITED

Henrietta House, Henrietta Place, London W1G 0NB, United Kingdom

Custodian Bank & Paying AgentABN AMRO BANK (LUXEMBOURG) S.A. Espace Kennedy, 46, Avenue J.F. Kennedy, L-1855 Luxembourg

Fund AuditorsPWC 400, Route d’Esch, L-1471 Luxembourg

Fund Management – Board of DirectorsLUXEMBOURG FUND PARTNERS DIRECTORS 2 Boulevard de la Foire, L-1528 Luxembourg

Legal AdvisersLEXFIELD 12 rue Jean Engling, L-1466 Luxembourg

Fund AdministratorAPEX FUND SERVICES 2 Boulevard de la Foire, L-1528 Luxembourg

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Montello has existing relationships with a wide array of platforms, bonds, brokers and other intermediaries. The Luxembourg regulated SICAV SIF structure allows access to the Montello Real Estate Opportunity Fund via these and others, and Montello and Apex Fund Services are at your disposal to assist in securing access via your preferred provider.

The Montello Real Estate Opportunity Fund is already approved as a permissible investment with a number of SIPP providers, platforms, brokers and offshore bond providers, including:

Christian Faes, LLB (Hons)MANAGING PARTNER

Christian Faes has a number of years experience in the private mezzanine and bridging finance industry. Christian previously ran a mezzanine finance business in Australia.

Christian is a qualified solicitor, and has considerable legal experience in a broad range of real estate, corporate finance and capital markets transactions. In Australia, Christian previously practiced as a real estate lawyer with Allens Arthur Robinson, and subsequently co-founded a boutique real estate and commercial law firm.

In London, Christian has practiced as a securitisation and corporate finance trusts lawyer with Clifford Chance, and then as in-house legal counsel with Deutsche Bank in their Corporate Finance group.

Education: Bond University, Australia; University of Western Ontario, Canada.

Qualifications: Solicitor, High Court of Australia.

Ian Thomas, BSc (Hons), MRICSPARTNER

Ian Thomas is a qualified Chartered Surveyor, with a degree in Investment and Finance in Property from the University of Reading. Prior to joining Montello, Ian worked for Ballymore Group, working within the acquisitions and disposals team, involved with the purchase of complex mixed use developments and investment projects in the UK and abroad.

He was involved in deal structuring, viability analysis and acquisition due diligence for complex multi phased projects. Before Ballymore Ian worked for SEGRO flexible business space specialists, he was involved in the design, planning, development and leasing of industrial and office projects throughout the UK.

Education: The University of Reading

Qualifications: Chartered Surveyor

The Montello Business

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REAL ESTATEOPPORTUNITY FUND

Ian Sutherland, LLB (Hons), LLM (Hons)PARTNER

Ian Sutherland has significant experience in deal structuring, valuations and real estate financing.

Before embarking on his legal career, Ian interned at Goldman Sachs, Biddle & Co. and the World Trade Organisation. Ian is a dual qualified New York attorney and UK solicitor, who until recently worked with Ballymore Group, a leading international property developer. Prior to Ballymore, Ian worked as a solicitor with US law firm Wilmer Cutler & Pickering and UK firm Clifford Chance where he gained exposure to domestic and US private equity deals, capital markets transactions and litigation.

At Ballymore, Ian worked in the residential, commercial, legal and investment departments. Ian assisted on the negotiation of alternative investment structures including joint venture developments and complex financial modelling.

Education: Georgetown University Law Center; Trinity College, Dublin; European University Institute, Florence.

Qualifications: Attorney, New York; Solicitor, England and Wales.

Joseph Samuel, BADIRECTOR (FUNDS MANAGEMENT & DISTRIBUTION)

Joseph has significant experience in funds distribution and spent a number of years prior to joining Montello running the London office of a global funds management business, as well as capital raising for several property developers, fund of hedge funds and other alternatives.

He has managed distribution of funds globally, with a broad network of intermediary and institutional contacts and has traveled extensively to maintain this network, placing a strong emphasis on face-to-face business and relationships.

Joseph also has experience in fund structuring, including organisation and attainment of the requisite regulatory approval, having previously set up a Dublin registered UCITS equity fund in conjunction with Societé General, UK domiciled NURS and FAIF funds and of course Luxembourg SICAV-SIFs.

Education: King’s College London

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IMPORTANT NOTICE:

RISK WARNING. This document is issued for the sole purpose of providing initial information about an investment in the Fund. Any investment in the Fund must be made on the basis of the offering document only and not on the preliminary details contained in this preliminary document. The preliminary terms of this document may differ from the details in the offering document and should be read in the context of the whole of the offering document. This document does not constitute, and may not be used for the purposes of, an offer or an invitation to apply to participate in the Fund.

The contents of this document are confidential and must not be copied, disseminated or used in any way except by the recipient for the purpose of evaluating an investment in the Fund. In particular, it should be noted that the information or material in this document about certain prospects and possible future returns are uncertain and based on certain assumptions about matters beyond the control of the Investment Advisor and their officers. Without limiting the generality of the foregoing, no representation, warranty or guarantee is given in respect of information concerning possible future performance or about the prospects of such future performance. Neither the Investment Advisor, nor any of their respective related bodies corporate or directors or officers warrant the accuracy or completeness of this document or any information contained in it, and no responsibility or liability will be accepted by them for loss or damage, howsoever arising, which results from acting in whole or part on such material.

This document contains general information, is not investment advice and does not take into account the investment objectives, financial situation or particular needs of any investor or type of investor. Recipients of this document must rely on their own enquiries, should obtain their own independent legal, accounting and investment advice, and must form their own view as to the wisdom or otherwise of investment, and as to the accuracy and completeness of information in this document.

Important Notice : this document has been issued on behalf of the LFP I Sicav SIF S.A. – Montello Real Estate Opportunity Fund (The Fund), which is authorised by the Commission de Surveillance du Secteur Financier. This document is intended for discussion purposes only and does not create any legally binding obligations on the part of the Fund. Without limitation, this document does not constitute an offer, an invitation to offer or a recommendation to enter into any transaction. When making an investment decision, you should rely solely on the final documentation relating to the transaction and not the summary contained herein. The transactions and product mentioned herein may not be appropriate for all investors and before entering into any transaction you should take steps to ensure that you fully understand the transaction and have made an independent assessment of the appropriateness of the transaction in light of your own objectives and circumstances, including the possible risks and benefits of entering into such transaction.

We recommend that you seek advice from your own tax and legal advisors in making this assessment. The information contained in this document is based on material we believe to be reliable. However, we do not represent that it is accurate, current, complete or error free. Assumptions, estimates and opinions contained in this document constitute our judgment as of the date of the document and are subject to change without notice. The underlying investments in the Fund consist wholly or substantially of real property; the value of the real property is highly volatile and under certain market conditions investors seeking to redeem their holdings may experience significant restrictions or delays. Any projections are based on a number of assumptions as to market conditions and there can be no guarantee that any projected results will be achieved. Past performance is not a guarantee of future results. The distribution of this document and availability of this product in certain jurisdictions may be restricted by law. You may not distribute this document, in whole or in part, without our express written permission.

m MONTELLO REAL ESTATE OPPORTUNITY FUND

101 New Cavendish Street London W1W 6XH

Tel: 0800 130 3388 Fax: 0800 130 3389

www.montello.co.ukREAL ESTATEOPPORTUNITY FUND