The Opportunity

Prime central London remains one of the world's residential markets - a place where a persistent shortage of well-located period homes meets a resilient base of both domestic and international occupier demand, a dynamic that has held firm even as the wider market has moved through a period of adjustment. At the centre of this opportunity sits a concentrated portfolio of characterful period buildings across two of the capital's most established residential addresses, South Kensington and Marylebone, brought under management by a real estate manager with three decades of dedicated London residential experience. Access to this portfolio is structured through tokenized ownership within a regulated Luxembourg fund framework, with issuance, custody and settlement carried out on blockchain infrastructure - offering a digitally native structure for participation in an asset class traditionally accessed through direct ownership.

Asset Overview

PORTFOLIO COMPOSITION LRC Tokenized Prime London Residential Fund 1, the sub-fund covered by this profile, holds an initial portfolio of two period residential buildings in central London, together totalling approximately 18,400 sq ft of gross internal area. Properties are held through UK-registered companies within the fund structure, on a long leasehold and freehold basis respectively. PROPERTY SPECIFICATIONS - 45 CROMWELL ROAD, SOUTH KENSINGTON • Period residential apartment building comprising 11 units, arranged around communal circulation areas within the South Kensington conservation area. • Total gross internal area of approximately 9,320 sq ft (865.9 sq m). • Long leasehold title, with approximately 990 years unexpired. • Designated for residential use (Class C3). • Independently valued at GBP 15,600,000 as of 18 March 2026, with contracted rental income of GBP 720,000 per annum under a renewal head lease. PROPERTY SPECIFICATIONS - 14 WIGMORE STREET, MARYLEBONE • Georgian mid-terraced conversion comprising 10 residential apartments and a separate three-storey mews house accessed from Wigmore Place. • Total gross internal area of approximately 9,099 sq ft (845.3 sq m). • Freehold title. • Designated for residential use (Class C3). • Independently valued at GBP 16,900,000 as of 18 March 2026, with aggregate current passing rent of approximately GBP 768,886 per annum across 11 tenancies. DESIGN & INTERIORS • Both buildings retain period Georgian architectural features, including brick construction with stucco-rendered elevations and timber-framed sash windows. • The mews house at 14 Wigmore Street includes a vaulted ceiling and glazed partition at first-floor level. ASSET MANAGEMENT APPROACH • The head lease at 45 Cromwell Road was under renewal at the date of the fund's offering document. • Day-to-day property management is provided by a property manager affiliated with the sub-fund's Investment Advisor.

Investment Terms

PLATFORM • Fund shares are issued and settled on a blockchain-based registrar platform, with custody and distribution provided by a regulated digital asset platform. • Alternative investment fund manager, fund administration and depositary services are provided by a Luxembourg-regulated service provider group. TARGET RETURNS • The senior share class targets an annual net return of 4.5%, linked to rental income performance measured against the initial rent assumptions set out in the offering document*. • No guarantee is given that this target will be achieved. STRUCTURE • Structured as an umbrella SICAV-RAIF with segregated sub-funds (entity details under Legal Structure). • Two share classes are available within the sub-fund: LP Shares B, a senior class with priority to a targeted annual distribution, and LP Shares A, a subordinated class that absorbs losses first and carries voting rights. • Leverage at sub-fund level is limited to 300% of net asset value. ELIGIBILITY • Participation is restricted to well-informed, professional and institutional eligible participants, as defined under Luxembourg law and applicable European regulation. • Retail participation is not permitted LIQUIDITY • Minimum participation of GBP 100,000. • No redemption right is available to shareholders on request. • There is currently no secondary market for the shares, and none is guaranteed to develop.

Revenue Model

RESIDENTIAL LEASING INCOME Income is generated from assured shorthold tenancies and short leases across the residential units at both properties. HEAD LEASE INCOME 45 Cromwell Road is let under a renewal head lease structure, providing a contracted rental income stream at the property level. DISTRIBUTION MECHANICS Amounts available for distribution are intended to be paid on a quarterly basis, subject to the sub-fund's income and cash waterfalls and the priority of the relevant share class.

Financing

CAPITAL WATERFALL & DISTRIBUTIONS

INCOME WATERFALL • Positive net income is allocated first to any outstanding prior-year distribution owed to LP Shares B, then to the current-year targeted distribution for that class, with any remaining gain allocated to LP Shares A. • Negative net income is allocated to LP Shares A. CASH WATERFALL • Available cash is applied first to the targeted distribution owed to LP Shares B for the relevant period, then to any outstanding prior-year amounts, with any remaining cash accumulated or distributed to LP Shares A at the general partner's discretion. LIQUIDATION & DISPOSAL WATERFALL • On liquidation or disposal of the underlying properties, proceeds are applied first to fund liabilities and expenses, then to any outstanding distributions owed to LP Shares B, followed by return of the LP Shares B original contribution. • LP Shares B may then receive a further amount equal to 20% of the gross value increase realised on disposal relative to the properties' initial valuation, after which any remaining balance is attributed to LP Shares A

FEES & COST STRUCTURE

FUND-LEVEL FEES • Alternative Investment Fund Manager: up to 3.5 basis points per annum of the sub-fund's net asset value, subject to a minimum annual fee of EUR 45,000. • Depositary: up to 2.5 basis points per annum of the sub-fund's net asset value, subject to a minimum annual fee of EUR 36,000. • Central Administration: up to 10 basis points per annum of the sub-fund's net asset value, subject to a minimum annual fee of EUR 72,000. • General Partner: 0.75% per annum of the sub-fund's gross asset value. • Investment Advisor: 0.5% of funds raised on the secondary market for the sub-fund, payable from sub-fund assets. DISTRIBUTION FEE • An access fee of 0.20% is charged by the distribution partner and reflected in the net asset value. PROPERTY-LEVEL FEE • Property management fees of 8% plus applicable VAT of gross rental income are payable to the property manager. ORGANISATIONAL COSTS • Organisational and start-up costs of the investment company and its initial sub-fund may be capitalised and amortised over a period of up to five years. • Establishment costs of the investment company and its first sub-fund are supported in part by a EUR 1.5 million grant from the European Commission.

Why This Market

PRIME CENTRAL LONDON RENTAL DEMAND • Rental values across prime central London rose 1.2% in the year to March 2026, extending a cumulative increase of 29% over the preceding decade. • New prospective tenant registrations in prime central London rose 16.6% year-on-year in March 2026, with demand for properties above £1,000 per week up 16.9%. SUPPLY CONSTRAINTS • New rental listings across prime central and prime outer London in the first quarter of 2026 were 15% below the five-year average. • Regulatory change, including the Renters' Rights Act, has contributed to a reduction in new landlord instructions across the prime rental sector. SUBMARKET POSITIONING • South Kensington and Marylebone are established prime central London residential neighbourhoods, tracked within indices that have monitored these markets since 1995. CAPITAL VALUES & MARKET CYCLE Prime central London capital values are forecast to stabilise in 2026 following a period of correction, with Savills projecting cumulative growth of 8.1% over the next five years and nominal values returning to their mid-2022 level by the end of 2030. London slipped in Knight Frank's 2026 Wealth Report ranking of Europe's top-tier housing markets, as reforms to the UK's non-dom tax regime prompted wealth outflows toward markets such as Italy and Switzerland. Separately, Knight Frank's Global Super-Prime Intelligence data showed sales of London homes above USD 10 million fell to 35 in the fourth quarter, ranking the city seventh globally, behind markets including Sydney, Miami and Singapore. Past performance is not indicative of future results. Forecasts, including third-party projections cited above, are estimates only and are not guaranteed.

How the Model Works

SUBSCRIPTION & ONBOARDING PROCESS

ACCESS CHANNELS • LP Shares can be acquired through an appointed distribution partner or directly from the fund. • Archax acts as the sub-fund's first distribution partner, providing custody for the regulated digital securities. ONBOARDING STEPS • Eligible participants complete identification and qualification checks through the distribution partner's online interface, including confirmation of well-informed eligible participant status. • Once a subscription agreement is accepted, the distribution partner signs a transaction instructing the registrar and transfer agent to credit the corresponding register account on the platform. SETTLEMENT • Subscription monies are payable within 10 business days of the relevant payment request. • Order cut-off times of 11:00 UK time apply for both purchases and sales, with settlement available on a T+0 basis in tokenized or traditional form, subject to payment rails, and acceptance of both fiat currency and stablecoins.

FUND TERM, TRANSFERS & LIQUIDITY MECHANICS

FUND & SUB-FUND TERM The investment company and its sub-fund are established for an unlimited period, unless otherwise stated in the sub-fund's specific terms. Dissolution of the investment company requires a shareholders' resolution proposed by the general partner, while sub-funds or share classes may be dissolved or merged by the general partner in defined circumstances, such as a material shift in the relevant market or a fall in asset value that no longer supports efficient management; a dissenting shareholder may request free redemption ahead of any merger. TRANSFER OF LP SHARES LP Shares may be transferred between eligible participants onboarded with a distribution partner, subject to the general partner's prior approval and applicable eligibility and anti-money laundering checks. Transfer instructions pass from the distribution partner to the registrar and transfer agent, which updates the Blockchain Registrar Database accordingly. REDEMPTION & REPURCHASE The alternative investment fund manager may temporarily suspend redemptions of an open-ended sub-fund in exceptional circumstances such as market closures or force majeure. Available liquidity tools include in-specie payment, extended notice periods, anti-dilution levies or dual pricing, and the separation of uncertain assets into side pockets. The investment company may also buy back its own LP Shares, including on a compulsory basis where a shareholder no longer qualifies as a well-informed eligible participant. EXCHANGE OF LP SHARES Shares of one class may be exchanged for another within the same sub-fund, subject to the general partner's consent and an exchange fee capped by reference to the sub-funds' issue premiums. DEBT CAPITAL INSTRUMENTS The investment company may issue debt instruments such as bonds or participation rights at sub-fund level, on arm's-length terms and restricted to well-informed eligible participants. NET ASSET VALUE SUSPENSION The alternative investment fund manager may temporarily suspend net asset value calculation and the issuance or redemption of shares where a significant portion of a sub-fund's assets cannot be reliably valued, or where relevant markets are closed or trading is restricted.

TECHNOLOGY & CUSTODY

TOKENIZATION INFRASTRUCTURE • Fund shares are issued, recorded and transferred using a blockchain-based registrar platform provided by Goldman Sachs International (GS DAP®) and operated by the registrar and transfer agent. • The platform combines a Daml smart contract layer, which governs trade and lifecycle events, with a Hyperledger Besu blockchain layer operating on a proof-of-authority consensus mechanism. SETTLEMENT & REGISTRY • Interoperability between participants and distribution channels is facilitated by Ownera's FinP2P protocol. • The Blockchain Registrar Database constitutes the official record of LP Share ownership, mirrored by an off-chain share register maintained by the registrar and transfer agent as a business-continuity backup. TECHNOLOGY CONSIDERATIONS • The legal and regulatory framework governing the use of distributed ledger technology in financial markets is still developing and is not fully harmonised across jurisdictions. • A prolonged disruption to the platform could require temporary reliance on the off-chain share register as the operative record.

ESG & SUSTAINABILITY

REGULATORY CLASSIFICATION The sub-fund is classified under Article 6 of the EU Sustainable Finance Disclosure Regulation (SFDR). It does not promote environmental or social characteristics as a specific investment objective. SUSTAINABILITY RISK INTEGRATION Sustainability risks, including climate-related, social and governance factors, are integrated into portfolio decision-making and risk monitoring to the extent they represent a material risk or opportunity for the sub-fund's returns. The alternative investment fund manager, in consultation with the Investment Advisor, has adopted a policy for integrating environmental, social and governance risk factors applicable to the sub-fund's assets. EU TAXONOMY ALIGNMENT The sub-fund does not target alignment with the EU Taxonomy Climate Delegated Act, and its minimum proportion of EU Taxonomy-aligned investments is 0%.

Legal Structure

FUND STRUCTURE & GOVERNANCE

INVESTMENT COMPANY & SUB-FUND • The fund is established as LRC Tokenized Real Estate Fund SCSp, SICAV-RAIF, a Luxembourg umbrella structure organised as a reserved alternative investment fund (RAIF), with segregated sub-funds. • LRC Tokenized Prime London Residential Fund 1 is the first sub-fund established under this structure, with its own segregated assets and liabilities. GOVERNANCE ROLES • General Partner & Carry Partner: E Five Eleven GP S.à r.l., responsible for overall management and representation of the fund. • Alternative Investment Fund Manager & Portfolio Manager: FundRock LIS S.A., responsible for portfolio and risk management functions. • Depositary, Central Administration, Registrar & Transfer Agent: Apex Fund Services S.A., responsible for safekeeping of assets, net asset value calculation and share registry functions, including operation of the Blockchain Registrar Database. • Auditor: Ernst & Young S.A. Legal Advisor: Praxio Law & Tax. • Investment Advisor: LRC Management Europe Ltd, part of LRC Group. Property Manager: LRC Management UK Limited. FOUNDING & CAPITALISATION • The fund's founding limited partner is Yurban Oasis LLP, a Cypriot limited liability partnership. • The investment company's minimum capital must reach the equivalent of EUR 1,250,000 within 24 months of its authorisation as a reserved alternative investment fund. SHAREHOLDER GOVERNANCE • General meetings are convened by the general partner with at least 30 days' written notice, and resolutions are generally adopted by a simple majority of shares present or represented. • The general partner holds a veto over most resolutions, other than those addressing its own gross negligence or wilful misconduct, or its removal for cause; amendments to the limited partnership agreement require the general partner's consent and approval by at least three-quarters of share capital. VALUATION & NAV GOVERNANCE • Properties are valued by the alternative investment fund manager, which may be assisted by one or more independent valuation experts appointed at the fund's expense and subject to professional registration requirements. • The sub-fund provides an annual net asset value calculation, with a materiality threshold of 3% agreed for net asset value calculation errors and investment breaches. REGULATORY STATUS • The fund is organised as a reserved alternative investment fund (RAIF) under Luxembourg law and is not subject to direct supervision by the Commission de Surveillance du Secteur Financier (CSSF). • The Alternative Investment Fund Manager is authorised and supervised by the CSSF under the AIFM Directive. CONFLICTS OF INTEREST • The general partner has established procedures to identify and manage conflicts of interest between the fund, its service providers and affiliated parties, with services provided by connected parties required to be on arm's-length terms.

TAX & REGULATORY NOTES

FUND TAX STATUS • The investment company is not subject to Luxembourg tax on income, capital gains or assets, though each sub-fund is generally subject to an annual subscription tax of 0.01% of net asset value, calculated quarterly. • The fund's structuring takes into account Luxembourg's implementation of EU anti-tax-avoidance rules (ATAD I and II), the DAC6 mandatory disclosure regime, and the Pillar Two global minimum tax framework. CROSS-BORDER REPORTING The fund is subject to reporting obligations under the US Foreign Account Tax Compliance Act (FATCA) and the OECD Common Reporting Standard (CRS), implemented through Luxembourg legislation.

COMPLIANCE & LEGAL NOTES

ANTI-MONEY LAUNDERING & COUNTER-TERRORIST FINANCING The alternative investment fund manager is responsible for measures to prevent money laundering and terrorist financing under Luxembourg law, with identity-verification tasks delegated to the registrar and transfer agent. Issuance of shares or dividend payments may be suspended until an eligible participant provides satisfactory proof of identity. DATA PROTECTION Personal data provided by eligible participants is collected, processed and used by the investment company, general partner, alternative investment fund manager and other service providers for purposes including compliance with FATCA and Common Reporting Standard obligations, and is not used for marketing purposes. Eligible participants may request correction, blocking or deletion of their personal data, subject to the fund's legal reporting obligations. CO-INVESTMENTS Co-investment is not a core element of the fund's strategy, and no shareholder holds a contractual right to co-invest alongside the fund. Where offered, co-investment opportunities are extended at the general partner's discretion and must not conflict with the equal treatment of shareholders; the general partner, alternative investment fund manager, portfolio manager, investment advisor and their affiliates, members and employees may not co-invest other than through the relevant sub-fund itself.

MARKETING RESTRICTIONS BY JURISDICTION

Risk Factors

RETAIL DISTRIBUTION & KEY INFORMATION DOCUMENT The fund is not offered to retail participants in the European Economic Area or the United Kingdom, and accordingly no Key Information Document has been prepared under the PRIIPs Regulation. GOVERNING LAW The fund is established under the laws of the Grand Duchy of Luxembourg, and Luxembourg courts have exclusive jurisdiction over disputes between the fund and its shareholders. FORWARD-LOOKING STATEMENTS The offering document contains forecasts and forward-looking statements regarding the fund's plans and expectations; there is no assurance that these will occur as described. PRECEDENCE OF OFFERING DOCUMENT Marketing materials, presentations and summaries relating to the fund, including this profile, are for information purposes only and do not form part of the fund's Private Placement Memorandum, which takes precedence in the event of any inconsistency.

MARKET & ASSET RISKS Property values and rental income are subject to market fluctuations and may be negatively affected by changes in the prime central London residential market. The sub-fund's initial diversification is limited to two properties, which may result in a relatively concentrated exposure to individual asset or location-specific risks. The properties are also exposed to risks arising from the physical and transitional effects of climate change. STRUCTURAL & LIQUIDITY RISKS As noted under Liquidity, the share classes are long-term holdings, and the general partner may extend the sub-fund's term. Performance depends in part on the continued availability of key personnel at the general partner and its service providers. Beyond the initial two properties, the precise composition of any future portfolio additions had not been finally determined at the time of the offering document. The general partner is liable for fund liabilities that cannot be met from fund assets, and its insolvency could result in compulsory administration of the general partner. The sub-fund's ability to pursue its investment policy also depends on raising sufficient participation from eligible participants. TECHNOLOGY RISKS The Blockchain Registrar Database and the underlying platform may be subject to software errors, cyber-attacks or unauthorised access, and the legal treatment of distributed ledger technology remains subject to change. REGULATORY & TAX RISKS As a result, shareholders do not benefit from protections available to participants in supervised collective investment schemes. Changes in tax law, including anti-tax-avoidance and reporting regimes applicable in Luxembourg and other jurisdictions, may affect the sub-fund's net returns. Cross-border capital transfers and international political developments could affect the timing or realisation of the sub-fund's returns. Service provider contracts generally include indemnification provisions, though recovery of any such indemnity cannot be guaranteed.

Property Management

• General Partner management: Denis Lavrut (Manager, Luxembourg) and Christos Dimitriadis and David Landwehr (Class A Managers, London and Luxembourg respectively). • Christos (Chris) Dimitriadis, named in the general partner's management, is recorded at the same London address (60 Welbeck Street) as LRC Group's Chief Executive Officer in the fund's constitutional documents and LRC Group's corporate records."

Sponsor Track Record

PLATFORM OVERVIEW • LRC Group is a privately held, vertically integrated real estate investment manager specialising in the UK and European residential sectors, founded in 1995 and headquartered in London. • The firm has acquired and managed over EUR 10 billion of real estate assets since inception, following an asset aggregation strategy supported by in-house capabilities across acquisitions, asset management, property management, leasing and operations. FUND HISTORY • LRC Group has previously closed three real estate funds, including an Irish Residential Fund and two UK Residential Funds. RECENT TRANSACTION ACTIVITY • In February 2026, LRC Group partnered with BGO Strategic Capital Partners, the secondaries investment management business of BGO, to acquire a 2,100-unit UK multifamily portfolio spanning 19 residential buildings across Greater London.

*Target only. Not a guaranteed or promised return **All figures, percentages, and returns shown in the infographics are targets only and are not guaranteed.