Corporate Overview

January 2020

• Partner of reference in Spanish private markets for some of the world’s largest and most noteworthy institutional investors.

• Established manager, founded in 2006.

• Close to €1bn of Assets Under Management.

• Various investment vehicles across two main business divisions: Real Estate and Private Equity.

• Proven track record: achieved above average returns successfully investing/divesting across cycles.

• Experienced and multidisciplinary team: 26 people across two offices: Barcelona and Madrid.

• Socially responsible: committed to creating a positive impact in the community through our investments.

Regulated by CNMV (Spanish Securities Market Commission)

Firm of the Year:

Southern EuropeMember of:

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INTEGRITY

Our investments are analysed and

managed in accordance with the highest

ethical values. Transparency is a must in

everything we do.

ENTREPRENEURSHIP

An agile and flexible professional

environment allows us to differentiate

ourselves through creative thinking. We

strongly encourage personal accountability

across every level of the organisation.

SOCIAL IMPACT

Responsibility is embedded into every

decision we make. We believe careful

management of ESG factors is of the utmost

importance to the firm, our investments

and community.

EXCELLENCE

We seek to be the best in everything we do.

We set the greatest working and moral

standards and aim to surpass them in all

our actions.

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MERIDIA CAPITAL PARTNERS MERIDIA ADVISORY SERVICES

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PRIVATE EQUITY

€100M+ AUM

REAL ESTATE

c.€500M AUM

ADVISORY ACCOUNTS

€250M+ AUA

Meridia I

Meridia III

Meridia II

Meridia IV

Meridia Private Equity IAdvising:

2001Acquired Hotel Arts

2006• Sold Hotel Arts

• Founded Meridia Capital Partners

2007Launched Meridia I (Hospitality)

2014• Launched Meridia II (RE)

• Exited Meridia I (Hospitality)

2015Launched Mnext (VC)

2016• Launched Meridia III (RE)

• Launched Meridia PE I

2018Agreement Franklin Templeton Social Infra Fund

2019• Partnership with Partners Group AG

• Launched Meridia IV (RE)

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Overview

€1.2bn €900MInvested globally

since inception

Invested in Spain

30+Deals

+700,000Sqm

• Launched 2016

• Equity of €220M (incl. discret. co-inv.)

• Value-add CRE

• Spain (focus Mad/Bcn)

• Fully invested/exits soon

• On track

• Launched 2019

• Equity of €250-300M

• Value-add CRE

• Spain and Portugal

• Investing6

• Launched 2014

• Equity of €150M

• Value-add CRE

• Spain (focus Mad/Bcn)

• Already in liquidation

• Returns above underwriting

Well balanced diversification across asset types and strategies with

concentration in Spain’s most liquid markets.

Investment breakdown(1)

(1) Based on equity for all assets in Meridia II, III and IV

69%

8%

6%

17%

Office Hotel Logistics Other

52%46%

3%

Barcelona Madrid Other

Meridia Private Equity I

Proven business models with

significant growth potential

• Investment: Sep 2016.

• Leading producer and distributor of technical food ingredients for the

gastronomy segment.

• Savencia Gourmet (French leading food group) entered Sosa in Nov 2016.

• Equity of €105M

• Launched in 2016

• Spain

• Multi-sector (lifestyle)

• Investment: Jan 2017.

• Restaurant and hotel operator with 28 restaurants and 5 hotels.

• Investment: May 2018.

• Spanish multi-channel supplier of football equipment.

• Strong online presence.

• Investment: Jun 2018.

• Spanish-based low-cost airline connecting small-mid sized European cities.

• Investment: Apr 2019

• Leading integrated pet-care specialist in Spain and Portugal with

growing. network of over 125 specialised pet stores, 75 veterinary

clinics and 8 hospitals.

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• Investment: Dec 2019.

• Global incumbent in the design, manufacture and commercialization

of automatic fresh fruit juice extraction machines.

FRANKLIN TEMPLETON SOCIAL INFRASTRUCTURE FUND

2018 – Present

• Exclusive advisor to Franklin Templeton’s pan-European Social

Infrastructure Fund in Spain and Portugal.

• The Fund invests in real estate assets with the objective of making a positive

social and environmental impact in the community while also achieving

financial returns.

• First acquisition in Iberia closed in 2018.

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• Meridia acts as advisor to specific

vehicles through operating and

management agreements.

• Meridia provides experienced

perspective and support in areas such

as origination, investment and asset

management.

PROJECT FORTE

2019 – Present

• Managing a Spanish portfolio owned by global private markets investment

manager Partners Group AG (sold in April 2019).

• 18 buildings with a GLA of over 90,000 sqm located mainly in Bcn and Mad.

MNEXT VENTURE CAPITAL

2015 – Present

• 6 portfolio companies.

• Supporting the local entrepreneurial ecosystem.

- 2001: Mr. Faus assembled consortium for €235M

acquisition of real estate portfolio HOVISA,

owner of Hotel Arts (Ritz-Carlton) in Barcelona.

- 2006: led disposal to ABP, Host Hotels & Resorts

and GIC (Government of Singapore) for €417M.

- Disposal achieved highest price ever paid for a

single real estate asset in Spain. Transaction

used as case study in some of the world’s most

renowned business schools.

- Launched 2007; liquidated 2014.

- Equity of €150M.

- Hospitality.

- Global (focus Latin America, Europe).

- Rated by Preqin top 10% performer

amongst 2007 global real estate funds;

fourth best performing fund in Europe.

Crowne PlazaSantiago, Chile

W + Apple StoreParis, France

Four SeasonsMexico City, Mexico

Ritz CarltonSantiago, Chile

Six SensesPhuket & Hua Hin, Thailand

IntercontinentalSao Paulo, Brasil

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Javier Faus

Chairman

Victor Iborra

Director

Head Investment

Juan Barba

Partner – Head of Real Estate

Marta de Azlor

Senior Associate

Claudia Dalla-Chiesa

Associate

Roberto Vargas

Analyst

Rita Torres

Senior Associate

Zulema Canosa

Senior Associate

Sanda López

Associate

Marina Breda

Associate

Jorge Romero

Associate

Adrian Clarke

Director

Head Project Mgmt.

Jaime Monzó

Associate

Cristina Badenes

Partner – Head of IR & Corp. Dev.

Jose Luis Raso

CFO

Elisabet Gómez

Legal Counsel & Compliance Officer

David Torralba

Partner – Head of Private Equity

Guillermo Galmés

Director

Rodrigo Hervás

Associate

Jose María Mateu

AssociateCarlos Giménez

Associate - Finance

Paula Piera

Associate - IR & Corp. Dev

Ester Gallegos

Assistant

Arina Butorina

Assistant

Luciana Orellano

Assistant

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At Meridia Capital we recognise the importance of Environmental, Social and Governance (“ESG”) factors as a key element for long term success. As such, ESG aspects are strongly embedded in our day to day corporate values. We are committed to working in alignment with high responsible standards in order

to make a positive impact in the community through our investments.

Meridia Capital is a longstanding supporter of:

Meridia actively supports the impact

investing space:

Exclusive Advisor in Spain and Portugal

to global asset manager Franklin

Templeton for its pan-European Social

Infrastructure Fund.

Advisor to Mnext Venture Capital, a

vehicle that seeks to generate an

impact through providing support to

the local entrepreneurship ecosystem.

Mnext has 6 portfolio companies,

including 3 high social impact start-ups

in education, toxic-free cosmetics and

crowdfunding.

• Sustainability measures into all our

investments by following strict

environmental due diligence processes.

• Real estate division: achieved 13

BREEAM certificates, 4 LEED certificates

and 1 financing following the Green

Loan Principles.

• Reporting environmental KPIs.

• Social responsibility is integrated into all

investment decisions.

• Responsibility to our employees is a

priority. Meridia Capital encourages

ongoing initiatives and ad-hoc training.

• Equal opportunity employer:

− Women represent c.50% of our

workforce

− Meridia is part of the management

team of Level 20 in Spain - London

based not for profit organisation

aligned around a common vision of

improving gender diversity in the

European private equity industry.

• Social responsibility is integrated into all

Board decisions and embedded within

all layers of the organisation.

• Meridia has an in-house Compliance

Unit to prevent, detect, correct and

minimize risks.

• Meridia also has one designated

person responsible who oversees all

ESG matters.

• Custom-made programmes that

include Fraud Prevention, Anti-Money

Laundering and strict KYC due

diligence.

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Actively working towards United Nations Sustainable Development Goal #11: Sustainable

Cities and Communities - Make cities inclusive, safe, resilient and sustainable

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This document has been prepared by Meridia Capital Partners, SGEIC S.A,. (“Meridia”, “Meridia Capital” or “Meridia Capital Partners”) on a confidential for the sole purpose of providing general informationabout the company.

This document is strictly confidential and, as such, it should not be distributed, published or reproduced, in whole or in part, nor should its contents be disclosed by recipients to any other person other than theirprofessional advisers. Recipients of this document should not treat the contents of this document as marketing materials or as advice relating to legal, taxation or investment matters and are advised to consulttheir own professional advisors concerning Meridia.

Meridia has taken all reasonable care to ensure that the facts and information stated in this document are true and accurate in all material respects and that there are no other material facts the omission ofwhich would make misleading any statement in this document. However, neither Meridia nor any other party involved in the drafting and/or review of this document accepts responsibility beyond wilfulmisconduct or gross negligence.

Certain information contained in this document has been obtained from published sources prepared by other parties. Neither Meridia nor any other person, assume any responsibility for the accuracy orcompleteness of such information. Meridia is not issuing any legal or financial opinion regarding any of the issues and/or matters described and/or analysed in this document. As previously stated, recipients of thedocument are advised to consult their own professional advisors concerning any matters related to this document and shall only rely on such advice.

Certain projections, forecasts, estimations and targeted returns in this document are forward-looking information. This forward looking information speaks only as at the date of this Document, is provided forillustrative purposes only and is not intended to serve as and must not be relied upon as a guarantee, an assurance a prediction or a definitive statement of fact or probability. Such estimations are based oncurrent assumptions, expectations of future performance and beliefs of Meridia and, by their nature, are subject to a number of known and unknown risks, uncertainties and factors that could result in actualevents differing materially from the information and intentions stated, projected or forecast in this document and other past or future documents.

Other than as set out above, no representation made may be relied upon as having been made or given with the authority of Meridia and no responsibility is accepted by Meridia, its subsidiaries or associates orany of their directors, officers, employees, agents or any other person in respect thereof. The delivery of this document does not imply that the information herein is correct at any time subsequent to the datehereof.

All statements of opinion and/or belief contained in the document and all views expressed and all projections, forecasts or statements relating to expectations regarding future events represent Meridia’s ownassessment and interpretation of information available to it as at the date of this document. No representation is made or assurance given that such statements, views, projections or forecasts are correct.

This document does not constitute, and may not be used for the purposes of, an offer of Commitments or an invitation to apply to participate in any of Meridia’s vehicles to any person in any jurisdiction in whichsuch offer or invitation is not authorised or in which the person endeavouring to make such offer or invitation is not qualified to do so or to any person to whom it is unlawful to make such an offer or invitation. It is

the responsibility of Prospective Investors or recipients of the document to satisfy themselves as to full compliance with the relevant laws and regulations of any territory, including obtaining any requisitegovernmental or other consent and adhering to any other formality prescribed in such territory.

Neither this document nor any part of it shall form the basis of, or be relied on in connection with, any contract to purchase or subscribe for any interest in Meridia Capital. Recipients of this document who intendto acquire a participation Meridia’s vehicle or vehicles are reminded that any such acquisition may only be made on the basis of the Vehicle documentation in its final executed form. The information in that maybe different from the information contained in this document.

Consequently, any Investment in Meridia Capital is subject to the execution by Prospective Investors of the relevant legal agreements which shall set out all the conditions of the investment, the rights andobligations of the Investors, as such, and the relationship among them and between them and the Vehicle or Vehicles, in their condition of shareholders; as well as any other documents that could be deemednecessary and/or convenient by Meridia. Such legal agreements will be made available to Prospective Investors in due time.

For further information please contact:

Investor Relations & Corporate Development

Cristina Badenes

Partner

cbadenes@meridiacapital.com

Paula Piera

Associate

ppiera@meridiacapital.com

+34 93 484 15 00

Avenida Diagonal, 640

08017 Barcelona

Paseo de la Castellana, 9128046 Madrid