MAY 2021 LOGISTICS AND E-COMMERCE. BUT ALSO RESEARCH …

ACCOLADE NEWS

MAY 2021

LOGISTICS AND E-COMMERCE. BUT ALSO RESEARCH AND DEVELOPMENT.

For complete information, see the factsheet.

PERFORMANCE OF SHARES FROM 1.4. 2020TO 31.3. 2021

8.88%CLASS A - CZK

A 211,3732(+3.00% INCREASE)

B 220,2024(+3.20% INCREASE)

A2 207,0804 (+2.88% INCREASE)

B2 216,0416 (+3.08% INCREASE)

8.35%CLASS A2 - CZK

10.90%CLASS B - EN

10.36%CLASS B2 - EN

756 mil. EURTotal value of the Fund

970,367 m2

Total leased

7.55WAULT

50.3 mil. EURRental annual

income

58.44%LTV

If you are interested in a new investment, we are opening another round of subscriptions, which will close on June 25, 2021.

VALUE OF SHARES IN EACH CLASS:

1,445

investors

The average annual yield for the last three years is 10.72% in the CZK class and 10.14% in the EUR class

The logistics and e-commerce boom continues

The long-term trend of corporate interest in engineering also continues, including the strengthening of development and research

All rents have been 100% paid

We are trusted by more than 1,400 investors

COMMENT BY MILAN KRATINA

Dear investors,

making up the interruption of education. In education in general, we need to gear up, shifting it qualitatively, because that is the only way to long-term prosperity. If we

Europe has a great chance to be at the forefront in many areas.

The year 2021 shows very lively investment activity in the industrial real estate market. -tate investors’ portfolios. Therefore, insurance companies, large funds, but also other players are very active in acquisitions, which increases the prices of industrial real estate.and given that other transactions and IPO of one of our competitors have taken place in

The Fund’s latest acquisition is a park in Bochum, Germany, newly leased by Faive-ley, an international manufacturer and supplier of railway technology; 50% of its 20,000 sq m is formed by the production, development and research of unique

Dortmund, Essen and Düsseldorf is also another important step in the geographical di-

building in Germany with a great tenant, in that case from engineering. The lease agreement is signed for 16 years.

In the next six months, we anticipate further growth of our portfolio, which will be expanded by new locations, as well as the expansion of the existing projects in the Czech Republic and Poland. The Fund will also soon acquire Slovak market. Looking ahead, we would like to expand our portfolio by more than 300,000 sq m.

I would like to thank you all very much for your trust. There are more than 1,400 of you and we appreciate each of you.

I wish you good health and I hope to see you in person soon.

Milan KratinaCEO Accolade

FUND’S NEW ACQUISITIONS

As mentioned above, the has been leased by Faiveley. a leader in the production and supply of railway technology. The 20,000 sq m complex is a built-to-suit project, i.e. literally tailor-made for our tenant. It consists of production, research and development premises (50%)(25%). The lease agreement is signed for 16 years.

PROJECTS IN PREPARATION

Preparation for the acquisition of a park in Košice, Slovakia, continues, with Faurecia, GG Tabák, XXX Lutz a Gastland moving to the complex next to Košice Airport (16,000 sq m).

We are also growing in Poland. The 7,000 sq m park in Częstochowa will be used by InPost, a Polish star of complex logistics and our favourite partner. The second park in Legnica, Poland, has been chosen for business by Spreadshirt, a leader in online shopping and a manufacturer and distri-butor of consumer goods; MiTek, the world leader in the design and manufacture of structures; and Raben, a leading logistics company and our long-term tenant.

The trio of Polish projects is complemented by Minsk Mazowiecki with TW Plast and Meblomaster as tenants. The former specializes in the production of environmentally friendly plastic packaging and protective equipment, and the latter is one of the leading Polish furniture manufacturers supplying large retailers such as IKEA and Lidl.

Last but not least, Czech projects have also been expanding. The Hořovice -ent for Saint Gobain, the world leader in the building materials market, so the company rented other necessary metres.

Accolade Holding, a.s., Sokolovská 394/17 Prague 180 000 Czech Republic

[email protected]

+420 220 303 019

DISCLAIMER

Accolade Investment Company Limited (c 94600) is authorised and regulated by the Malta Financial

Fund Manager’ pursuant to directive 2011/61/eu (the “manager”). The manager acts as AIFM to Ac-colade Fund Sicav plc. (sv 322) (the “fund”) and the Accolade Industrial Fund (the “sub-fund”), which are also licensed by the MFSA. Prior to purchasing units in the sub-fund, prospective investors should read and understand the ter-ms of the offering memorandum and offering supplement (including the risk factors). There can be no assurance that the sub-fund’s investment objectives will be achieved, and investment results may vary substantially over time. We have not and will not provide you with tax, legal and/or investment advice and we recommend that you obtain your own independent advice tailored to your individual circumstances prior to investing. Prospective investors should be aware that the value of investments can go down as well as up and past performance is not an indicator of future performance. Investors should be aware that by investing in the fund, they risk losing all or part of the capital invested.