DEE :HORIZON N'DE TEL : FEB :28 Pl

DEE :HORIZON N'DE TEL :+598 26262211 17 FEB. 2017 8:28 Pl To whom It mw concarn Aum/"S Ert alm, m.*ng- Dear 51 r3, 15' F bruery, 2017 This letter Is to Worrn you 01=t Homon Growel Fund N.V, (the 'Compiny') cht.,ied Its domidle from ancao to ete C*rnm, 181ands, The shareholders al the Company In gn Extraordinary General MeeMM held on thi 33* knuary of 2017 resok.ad to convart the Company Ato an manpbod compeny und, me la,1 of the Cayman INands. The re,okition bicarne effeet#ve m of 14*February 2017. The name of the company ng# dernlclod In t Czyrrun *Bricis I Hortzon Growel Fund. The formir address Al: Zeelmdle Office Park K.ye W.F.G (lombl) Me, 811 14 %'Imlen,stmd curac.0 The new addr,= of the Compsrly IS 40 Emin Fldl sly SI,Icm (Cavm,n) Umltid 190E Aven:» eeof,ton Grand Clymlii Im.9007 Cttmt.n'.IN. As for the Identity of the Intict persons, Name: Sil,Iithl Rodi E-meh *Itkn.rnda h dmin, m N.met Em.no Cachi E-rnal. emlmo.ci,ch!0horhon.corn.ur Ni,ms MIN ium N edo 5-mall: mle-abeha,ima.c!]m. 1 Phone number : 46982626 2210 Thank you. R.pectfull, yourh Ped.. Hal. S0015 Qi'.0. 0118dbr

, DE :HORIZON N'DE TEL :+598 26262211 17 FEB. 2817 8:29 P2 804 04/142 18,D.*2101 Form 604 hp*r- AR 0001 0-1 Ins Notice of change of Intireit, of subst,ntial holder ID. Comp R.V.lkh'll loa. nogr..mi ZIL AC)41"juN 1- Dil,MI dibil * Nci- fl) Nlm. AC'UNE,4 al Mlic.ble) Bagild" 9/0/TE 10.0 Th,rew"*/0/0/**d// =*-a,1110 on TI, prmku nob 1 gbell b Ile,z,npany on 11/01/201-4 8 0,//E//Inola/I 6/0 21/RZ/20U 1& pfulkilm./. pill.*..in../.r IQI WTW OIWOOS 61 *i IU li lll In Wil Pq OrV* Al lu h bi dlim U)* bl *lill MidiI /-001// WaM/#"44/h#m///4/11//=1"**4 6 0/ imm=/wk n,tl me' con mn, Or Ii,Ill& al I lablll; Pil.,1/0/3. p.70"'i #*I.I.< M P-,m- V waw.1 32.000.000 8,74% 18.310,409 7,1144 8. Cllilgl I r*l lt VI= Pn-, 0 Imh olvt, 4 /61-Wo h e»*i 92, MINH WI,I* 0hi/Jita Il hidl,..0,wol.i In v,-wil/fla of 88-i b aair/.v. 411,7..*I,Ikli,gl--MI b0.. mi,ii,11,1 WIV I,&19, to- 01.- o r*im-.miii.#nl'll'll /7,it/*Ellge S ) Con»Id--1 ghin h RIN /11 rurter P*IlY voll re'llon' 6-ig.0 4 1.mil. d/,4/4 4, Pre - r,10-mi. Pu,1101*I, 4 ciah*iit limiw al mlbttl«imidw n *W 000llibIllihd- ImImiglll ehe I.-MI hum..0106, I-dr-0...WI P#n. - vrl' Iommn _ d 088

DEE :HORIZON N'DE TEL :+598 26262211 17 FEB. 2017 8:29 P3 804 AC/2/2 16,k*2001 Th, /,Imell im b,com el,oeiall 0, allay IgIIllocall* 4, of linl*w* ihi*l e bor IDOI On (93-6 1,m al<*iwi hold,f bl ri,lon ID WIWIllil 111 Al nolm,ivor, rlnu Mole...AO ARSN" pall) Mald.*.4 */A 6 Al,0-8 71/*m/= of;-0»1 14 h* Armn m for t 0/0 111,o ric#abuy Sew,$0- (C= It) Ititb*4, 100 Wgin Almene, Dioe, Fma, Girimi Clilin 1-0007 Caile Zia*ndl Signature 4-- Padrag Hoare 6 '02 /40/*I 0*el-10'. (1) If#. 'rui-0--in-*mi-**id-4.-imiaccin.*d're dogpi."m I=WI d lullie of= «dy#* ne.ir- codd be MAst kimim I, mniba ll*i 49.,t INI,Iud, Irud "9...1<6984.r- dbholl#de.immal./h.".m/0.#/.imit"..4.whle, v no»rm..0,0.--h-*nha.*0/0,1...0-*/611 m 80.t Mien/ a..el.,i *,aion litn 0010<,Ihi ki x01. (3) 94' 0,/delk*NI or'rel- h//t h /Kiev 008 mions(ttore»ck:pc,aess Agime01. (41 TA.W.*911'.0'of,comp,Yo..14"...dam, 1".,Micd.Mul...L (5) 11= poricim milati,d by I,8lelIli Inh bed, poil, cr ool,im ni*i#m liy 100. (8) 111 * de-el: (,) 4..lin..iwitilmierof.o,Ae..1.I...0-*m.*v# he»-wo,fil...ab--loamil d.i,0..u.16718(41 app 8.p,/I dca r./**iw IA h#vid*10/.,-il,im,10/w, *amal,0 hyb»lm0*g H.,4 langlledl of -V eon: 06 -=1» or011)al!)* HI# lacmplqhi IMIS*IWVlh vilk ahliwn =U*#C#I -h 1.--*.1 (1) =gqi//i/'44'/ill"li'/irof on",inim/,4,0,/m/ 5.'I/'el'Ic/'Irlm,hi"I'/I,=m oo 0,Ivologpoal,Igr **A=MI/*M *4****A/#*4:*pal/*4*60#Im- 1./01.1 9.blk../9.149./.MI"/9/*00pol=k/20". 01 04*dm co, ll,illarill,th *IlId *Im,i nlor lid allf, M IVplmli f mim a*le,iiwimii*m ha, or may, Maiw IM.d b rocal,i h r 0 *,1 -Ii/Sor6 0,1*44 bo hoh 1I/Imb *I c,:illg,/ an W *,MiN or nel OfI =Ilill,Wy. Dell M* bl Illidod din Mlnell O,% or, b,iw of 1,0 mill=*1 Ivid# WilI oolib b r-km loth,ao...0/lfhy-*p.*ze...hm#*m#mrmlmr"/.-=44 (8) Irli lbili,ibl ligid I lmable ledilill lllil Wer,m,49 PI,ga,1 (00, ly 01 rel lidii* diglblomii dm opoon)mili,-4, (9) G)*dilik V piloprmid, el Wpiia -m,alnon end Ig d-mi h U,4 Illogilll*Ibl lit miblr# lulah, MIed

DE :HORIZON N'DE TEL :+598 26262211 17 FEB. 2017 8:30 P4 APPENDEX Form 604 a Chang,8 In relevant Intill=Es 0*or-ge 13/04/2015 14/04/2015 15/04/2015 20/04/2015 21/04/2015 23/04/2015 29/04/2015 29/04/2015 30/04/2015 01/05/2015 04/050015 04/05/2015 18/05/2015 22/06/2015 23/06 2015, 24/06/2015 25/06/2015 26/06/2015 29/06/2015 19/09/2016 22/09/2016 23/0*2016 27/09/2016 28/09/2016 28/09/2016 29/09/2016 11/10/2016 12/10/2016 1249#016 d'.ild N.V. N,V. N.V. Horimn Growth Fund N.V. Horizon Gro,th Fund N.V. N.V. Horizon Grokvth Fund N.V. N.V. N.V. N,V, Hortmn Growth Fund N.V, Horizon Grudh Fund N.V. N.V. Hor n Gm#th Fund N.V, N.V. N.V. Hor on Growth Fund N.V. N.V. Hodion Growih Fund N.V. N.V, Homon Growth Fund N.V. Horton Growth Fund N.V. Hodion Growth Fund N.V. N.V. Horlion Growth Fund N.V. Horlmn Growth Fund N.V. N.V. HoMzon Growth Fund N.V. Honzon Growth Fund N.V. 4. Allrit relivint 1,-0-

DEE :HORIZON N'DE TEL :+598 26262211 17 FEB. 2017 8:30 PS Holdw al00*ii,t Horizon Gmwth Fund Hor on Growth Fund Horkon Growth Fund Hodion Growth Fund Hortzon Gruwth Fund Hortmn Growth FLInd Hor on Growth Fund Hor on Growth Fund Hortmn Growth Fund Homon Growth Fund Hodion Growth Fund Horhon Growth Fund Hort.on Growth Fund Horizon Gmwth Fund Horkon Growth Fund Horizon Growth FAInd HoMzon Growth Fund WI* halcl 08 ar1* Hortzon Grow/th Fund Horhon Growth Fund Hodzon Gruwth Fund Horhon Growth Fund Homon Growth Fund Hofron Growth Fund Hodzon Gruwth Fund Homon Growth Fund Homon Growth Fund Homon Growth Fund

DEE :HORIZON N'DE TEL :+598 26262211 17 FEB. 2017 8:31 P6 Irrvestmert purpose Investmentpurpose Investment pur pose Invatmerit purpose Invest merit purpose Inv«tment purpose investment purpose Invdment purpose Investment pull)ose IrVest mint purpose Investmerit purpose Investmerit purpoce Invo,tment purpose Investment purpon Inve,tmem purpose On' mu lehmh milib' al.,0. 3011 2734 O,11 0,10975401 0,10745199 O,10,73098 0,108813 0,S 0 13 0,19036382 C alid.in'.of..01"'.s al'.0/ 1000000 ordlnary shares 14298 ordinary:hare 214060 ordinary,hares 2074 ordinary sharm 818925 ordinary shares 1165 ordinary shares 200000 ordinary shares 950178 ordlmry shares 76679 ordinary shares 16083 ordinary,hares 2527 ordinary shares 9300 ordinary shares 856 ordinary shares 92472 ordlnory,harel 300907 ordinary sharm 153818 ordlner,shares-- 257552 ordinary shares 90975 ordinary $harm 120883 ordinary shares -280476 ordinary shares -340557 ordlneryshares -66501 ord1naryyhorc3-100000 ordinary shares -50000 ordinary shares -59876 ordinary shsres -20120 ordln,ry share$ -17985 ordinary shares -50000 ordln X,12=- -18789 oidlnary sharas Waw,9-r LO00.000 14.298 214.060 2.074 818.925 L165 200.000 950.178 76.679 16.083 1527 &300 856 92,472 300.907 153.818 257.552 90,975 120,883.280.476-340,557-56.501 10(000-50.000-59.876-20,120-17.935 40,000-18,789 3.318.408

DEE :HORIZON N'DE TEL :+598 26262211 17 FEB. 2017 8:32 P7 4*/4 -aholds Nan Kiel"Id I"* I,T,estmem purpose Investment puroow Inve nent purpose Invntment purpose Invertment purpose Investment Dll rpose invmtmerit purpose Imestment purpose Investmem purpose Inveebnerit purpose Investment purpe Irrvestment purpose 11 estment purpose Invesmient purpose Inve$tmmit purpose Irwestmem purpose Irr,estrnem purpose in/estment purpose investment purpose Irrvestmerrt purpose C.Ii md nin,1//1,0:.18./.<.4 1000000 ordlnaryshaim 14298 ordlnery shires 214060 ordln,ry shares E074 ordinary shars 818925 ordinaryshares 1165 ordinary shar,6 200000 ordinary shares 950i78 ordinan, shores 76679 O0dina shal 16083 ordinary sheres 2527 ordinary *hares 9300 ordinary shara 856 ordinary shares 92472 ordinary shores 300907 ordinary shares 153818 ordinary shares 257552 ordlnaly shares 90975 ordinary shorm 12.83 ordinary shares -280476 ordinary shares -340557 ordlnary shares -66501 ordinary shares -100000 ordinary shares -50000 ordinary shars -59076 ordinary *h res -20120 ordinary shares -17935 ordinary shares -50000 ordinary shares 18789 ordinary shores Al.off. 4.. 1.000,000 14.298 214.060 1074 818.925 L165 200.000 950.178 76.679 16.083 2-527 9.300 856 92,472 300,907 153.818 257.552 90,973 120,853-204475 440,557 *301-100.000-50.000 49.876-2a120-17.935-50.000-18,789 8/18Age

DE :HORIZON N'DE TEL :+598 26262211 17 FEB. 2017 8:32 PB APPE 0( Porm 604 1 Chano, In 1 van ne r, t DI d diiige 13/04/2015 14/*2015 15/04/2015 20/04/2015 21/04/2015 23/04/2015 29/04/2015 29/04/2015 30/04/2015 01/05/2015 04 05/2015 04/05/2015 13/05/2015 22/06/2015 23/06/2015 24/06/2016 25/06/2015 26/06/2015 29/86/2015 19/09/2016 22/09/2016 28/09/2016 27/09/2015 28/09/2016 28/09/2016 29/09/2016 11/10/2016 12/10/2016 12/1*2016 P=a#-*0-- ormroed N.V. N.V. N.V. Horizon Grov/th Fund N.V. N.V. N.V. N.V. Horizon Gro th Fund N.V. N.V. Horlzon Growth Fund N.V. Horlmn G,vitil Fund N.V. N.V. N.V. N.V. N.V. Horl:un Growth Fund N.V. Hort»n Growth Fund N.V. N.V. N.V. N.V, N.V, N.V. Ho,tzon Growth Fund N.V. Horizon bre,rth Fund N.V. N.V. N.V. Hoftzon Growth Fund N.V. 'N.V. N.V. 4. Proser*retmn 10*=*

DEE :HORIZON N'DE TEL :+598 26262211 17 FEB. 2017 8:33 P9 Hoki r of r-=1&mi< Hofbon Growth Fund Horizon Gruwth Fund Hor on erowth Fund Horhon Gr wth Fund Holton Growth Fund HoRon Growth Fund Hor on Growth Fund Hortzon Growth F.und Horl*on Growth Fund Horton Gro vth Fund HoEn. rowth Fund Horkon Growth Fund HoRon Growth Fund Hormn Growth Fund Hor on Growth Fund Horbcon Growth Fund Horzon Growth Fund Ilortzon Growth Fund Horizon Growth Pund Horhon Growth Fund

DE :HORIZON N' DE TEL :+598 26262211 17 FEB. 2017 8:33 Ple N./mofohal Invertment purpose Investment purpon Inveltment purpose Inve=tment purpose Investment purpole Investmont purpole Investrnent purpose Investment purpo e Investmentpurpose Investment purpoge Invitment purpu,e Invfftment purpose Investment purpoge Knon *CY 3011 2784 0,15-0,10975401 0,10745199 0,10773098 0,108813 Ot13 036382 a13 _ 01=0 md Mn* ofii Il- 1000000 ordinary shares 1,4298 ordingry shores 214060 ordinary shares 2074 ordlnery. ahorm 818925 ordlnery shares 1165 ordinary harel 200000 ordinary shares 950178 ordinary,hares 76679 ordinary shares _ 16083 ordin,ry $h res 2527 ordinary shirel 9300 ordinary share, 856 ordinary shares 92472 ordlne,y shmes 300907 ordinary shares 153818 ordinarysheres 257552 ordinary shares 90975 ordinary shares 1208819*5-ghares 200476 ordinary shares 440557 ordl,ia-stares -66501 ordingly shares -100000 ordinary shares -50000 ordinallularas -59876 ordingry share 40120 ordinary shares 17995 ordinary shares -50000 ordinary shares -18789 ordinary shares W. r LOOOROO 14298 214.060 25,4 811925 L165 200,000 950.178 76.579 16.083 2.527 9.900 856 92.472 300.907 153.818 257.552 90.975 120,863-280A76-340,557-66.501 400.000 50,000 59.876-20.120 17.935-18.789 -- 3.318.406 --

DEE :HORIZON N'DE TEEL :+598 26262211 17 FEB. 2017 8:34 Pll AS'.an rli 3 10 1. ret*,tand I al,old, *-41* h,1 Inve,kment purpnse Irlvestrnirrt purpose Inve,tment purpose Investmerrt purpose 11Nlitment purpose Investmgnt purpose Investmerlt purpose Invettment purpose ir,v trriont purpose Inve,tment purpose investment pugooe Ilivestment purpose Inve:tment purpose Investment purpase Inveatment purposa Oli* 4,129/ 0,/a#Ili *etad 1000000 ordinary ah,res 14298 ordlnaly shares 214060 ordinary. shares 2074 ordinary shares 818925 ordinary shares 1165 ordinary shares 200000 or Inary shares 950178 ordinify hores 76 79 ordinary,har= 16083 ordinlry shares 2527 ordinary shares 9300 ordinary shares 856 ordlnorl#lares 92472 ordlnerysharm 300907 ordinary shares 153818 ordinary shares 257552 ordinal iharts 90975 ordinary shares 120883 Ordinapt'harls -280476 ordinary shareg -340557 ordhlary 51,8res 46501 ordinary shores -100000 ordinary shares -50000 ardinaly shares -59876 ordinary shares -20120 ordinary shares -17985 ordinary :hares -50000 ordinary sheres -18789 ordinary sheres Plialre Wil L000.000 14.290 214.060 2.074 818.925 1-165 200.000 950.178 76.679 16.083 2527 9300 856 92,472 300,907 153.818 237.552 90.975 120,883 480*76-340*557-66,501 400,000-50,000 49.876-20.120 47.935-18 789 3.218.480