EL FARO PRIVATE FUND LIMITED

UPDATE

As the regulatory environment has continuously become more stringent, more expensive and more time-consuming
the management of el faro private fund limited has decided to close the fund at the end of March 2022.

In these turbulent and sometimes chaotic markets in recent years it may not always have been easy
for el faro private fund limited but they have been very successful.

Our investment approach has proven itself robust, successful and resilient even when confronted with
unprecedented situations in a constantly changing environment.

The management team would like to thank our investors for their trust and faith in our products and
wish them all the best and success
with their future investments and projects!


Sincerely

Georg Reiter / Helmuth Vollmeier