Mandatory disclosures under Regulation of the European Parliament and of the Council on sustainability-related disclosures in the financial services sector (EU) 2019/2088 ("SFDR"):

A. Ruhrgründer Management GmbH (registered AIFM)

I. Policies on the integration of sustainability risk in investment decision-making processes (Article 3 SFDR)

Ruhrgründer Management GmbH is a long-term investor that embraces its responsibility towards investors, portfolio companies and stakeholders in the wider ecosystem in which the firm and its portfolio companies operate. Ruhrgründer Management GmbH manages sustainability risks through a combination of committed participation on the boards of directors of its portfolio companies as well as ongoing monitoring of the progress of each company. Furthermore, sustainability risks will be considered as part of the due diligence and risk assessment processes in advance of each investment.

II. Principle adverse sustainability impact statement (Article 4 SFDR)

Art. 4 SFDR provides for a framework aimed at achieving transparency with regard to any principle adverse impacts of investment decisions on sustainability factors. For this purpose, financial market participants such as Ruhrgründer Management GmbH must disclose certain information (taking into account the Regulatory Technical Standards (RTS) provided in Delegated Regulation (EU) 2022/1288). Currently, Ruhrgründer Management GmbH does not take into account any principle adverse impact of investment decisions on sustainability factors, as it believes that the information provided to it by the portfolio companies in relation to the investments is not sufficient to allow it to do so. Ruhrgründer Management GmbH will monitor developments with regard to available information and consider whether it is reasonably possible in the future to disclose the information required by the Art. 4 SFDR-framework (including the RTS provided in Delegated Regulation (EU) 2022/1288).

III. Mandatory disclosures of remuneration policies in relation to the integration of sustainability risks (Article 5 SFDR)

As a registered AIFM within the meaning of section 2(4) of the KAGB, Ruhrgründer Management GmbH does not have a remuneration guideline (remuneration policy) in accordance with the requirements of the KAGB. Accordingly, the integration of sustainability risks is not considered with respect to the determination of the remuneration.

B. Gründerfonds Ruhr II GmbH & Co. KG (the “Fund”)

I. Summary

The Fund, managed by Ruhrgründer Management GmbH, intends to promote environmental and social characteristics. The Fund focuses on equity and quasi-equity investments in innovative, young technology companies, in particular in the fields of energy and industry, health and life science, cybersecurity, logistics and trade, chemicals and new materials, and digital and sustainable business, which at the time of the Fund's initial investment have their registered office or focus of business activities in Germany, in each case with a focus on the Rhine-Ruhr region. In order to promote the environmental and social characteristics, the Fund places a special focus on the pre-investment as well as on the investment phase and intends to monitor the sustainability indicators in close coordination with the portfolio companies.