Sustainability Statement

Introduction

At Kreos Capital, we recognise that sustainability and Environment, Social and Governance (“ESG”)
considerations are an important feature of our business. By integrating these into each step of our investment
process, and also in our day-to-day running and management of our business, we seek to create lasting
benefits for our stakeholders, eco-system and communities in which we live and work.

About us

Kreos Capital was founded more than 24 years ago with the mission of pioneering unique financing solutions
for high growth companies across Europe and Israel. Since then, Kreos Capital has committed more than €4.7
billion in over 740 portfolio company transactions, in a multitude of industries across more than 18 jurisdictions.

Kreos Capital maintains a presence in London, Sweden, Israel, Germany, Jersey, and Luxembourg.

Sustainable Finance Disclosure Regulation

Under the mandatory disclosures of the Regulation of the European Parliament and of the Council on
sustainable-related disclosures in the financial services sector (EU) 2019/2088 (“SFDR”), Kreos Capital is
publishing the following information on their website in light of the consideration of sustainability-related
aspects in accordance with Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27th of
November 2019 on sustainability disclosure requirements in the financial services sector (the “SFDR”). Unless
the information is explicitly provided in relation to a specific fund managed by Kreos Capital the following
statements refer to the management and investment decision-making processes of Kreos in general

Sustainability Risk Statement

At Kreos Capital, we recognise the intrinsic importance that sustainability and Environmental, Social and
Governance (“ESG”) issues hold, not only within our business but for our wider communities and for the future
generations.

In demonstrating our commitment to ESG and Sustainability, Kreos has integrated these considerations into
each step of our investment and risk management process and the day-to-day management of our business,
we aim to connect our purpose and strategy with the needs of our stakeholders, eco-system and our wider
community.

To Kreos Capital, ‘sustainability risk’ is considered to be an environmental, social or governance event or
condition that, if it occurs, could cause an actual or a potential material negative impact on the value of the
investment or to Kreos Capital directly. Kreos Capital operates with a “restricted investments list” which details
sectors in which Kreos will not invest and are in the process of developing a standardised, sustainability risk
questionnaire that must be completed as part of our investment process and prior to an investment being
approved by the committee. This is to ensure full assessment of the main ESG, and sustainability risk factors
associated with a proposed investment have been identified. Any material issues discovered during this
process are brought to the investment committee’s attention and must be improved or mitigated in order for
an investment to be pursued. Further information can be found in Kreos Capital’s ESG Policy and Approach to
Responsible Investment (available upon specific request).

The Kreos Capital ESG Committee regularly reviews the sustainability risk policy to ensure that those are being
kept in line with applicable regulations.

Governance

The Sustainability Risk Policy concerns the entire Kreos Capital business and operations, and it is the
responsibility of all employees to observe it.

The investment team is required to apply Kreos Capital’s ESG policies and approach to responsible investment
during all stages of the investment process.

Oversight and implementation of this and other responsible investment policies is conducted by the ESG
Committee which includes permanent membership from the Kreos Partners and COO, HR, Investor Relations,
and Compliance with rotating membership from the Investment Team.

The ESG Committee regularly reviews the operations and processes at Kreos, in order to ensure optimal
practices.

Principle Adverse Impacts (“PAIs”) Statement

The SFDR requires Kreos Capital to make a “comply or explain” decision whether it considers the PAIs of its
investment decisions on sustainability factors, in accordance with a specific regime outlined in SFDR.

Kreos Capital will regularly review our decision, but currently have opted not to comply with that regime, both
generally and in relation to the Fund. Kreos Capital are supportive of the policy aims of the PAI regime, however,
given the nature of the businesses we invest in, there is a concern over the readily available data to comply
with many of the specific reporting requirements of this regime, particularly in the short-term. Kreos invests in
high-growth companies in the technology and healthcare sectors – these companies are typically focused on
disrupting traditional industries and seeking to have a positive impact on society through factors such as job
creation, efficiencies and sustainability. However, many of these companies are early in their genesis and as
such, lack the infrastructure required for strict reporting requirements at this time.

For these reasons, and in line with the dispositions of the Disclosure Regulation, we have chosen not to report
publicly for now on the principal adverse impacts of our investment decisions on sustainability factors. We
continue to ad-hoc and tailored reporting on these matters to our investors, and as requested by the Disclosure
Regulation, we will aim to provide the full set of KPIs asked by this Regulation by 30/06/2023.

As previously detailed, Kreos Capital has implemented extensive, positive ESG-related considerations into all
aspects of our business and will continue to improve in this regard.

Remuneration

Kreos Capital’s remuneration policy is applicable to all Kreos Capital entities, employees, and offices.

The remuneration policy has been developed with the aim of supporting Kreos Capital’s business strategy,
corporate values and long‐term interests, as well as being in full compliance with any applicable laws and
regulations. However, assessment and management of sustainability risks are not currently used when
determining individual remuneration packages.

However, it is integral for the ongoing operations of Kreos Capital that the appropriate risk culture is observed
and fostered among our team and organisation. As such, the Kreos Capital ESG Committee in conjunction with
the Kreos Capital Partners will be reviewing this regularly in order to ascertain the best approach for integrating
these considerations into future remuneration packages.

Kreos Capital is proud in its stance of being an Equal Opportunities employer as defined under the Equality Act
2010, and is committed to encouraging equality, diversity and inclusion among our workforce, and eliminating
unlawful discrimination.

The aim is for our workforce to be truly representative of all sections of society and for each employee
to feel respected and able to give their best.

Kreos Capital regularly compares its levels of remuneration with those of other, comparable companies;
ensuring that the total remuneration package remains competitive and provides proper and risk-based
incentives. To ensure that Staff members are compensated in accordance with the desired market positioning,
the alignment to the desired market position is addressed annually. The annual review is based on a variety of
factors amongst others, performance, inflation, and developments in the industry.

Kreos Capital operates in accordance with the Working Time Regulations 1998, ensuring 25 days of paid annual
leave per annum.

Moving forward

Kreos Capital is committed to continuously improving our position, practices and behaviours in regards to
sustainability and ESG considerations. Our ESG Committee is responsible for ensuring compliance with existing
policies and procedures as well as improving our current practices, adapting existing procedures,
implementing new policy and continuing to educate our employees.

As part of this, we are considering a number of new initiatives and improvements to our existing positions and
can envisage developments in the future such as aligning elements of remuneration with the integration of
sustainability criteria and the utilisation of tools to better monitor the sustainability positions of our
investments.

ESG Policy – Q1 2022