The information provided herein merely describes the activities and the structure of Prelios SGR and is not a solicitation to make a public offer or a solicitation to purchase the units of the managed real estate funds, pursuant to Legislative Decree no. 58 of 24.02.1998 as subsequently amended and to Ministerial Decree no. 228 of 24.05.1999 as subsequently amended. It should be noted, however, that investment in such units under the relevant regulations is reserved for qualified investors only, as per Article 1.1.h of the Decree of the Ministry of Finance no. 228 of 24.05.1999.