March 2016

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Disclaimer

This presentation is confidential and may not be distributed, transmitted or otherwise communicated to others, in whole or in part, without the express consent of Jerusalem Global Pele Yoetz Ltd. This presentation does not constitute an offer to sell, or the solicitation of an offer to buy, any security, product or service, including interests in the fund. Unless otherwise noted, information included herein is presented as of the dates indicated and may differ from the terms and provisions respecting an investment in the fund which will be more fully set forth in the applicable corresponding agreements or such other applicable constituent governing documentation of the fund. This presentation is not complete and the information contained herein may change at any time without notice. Jerusalem Global does not have any responsibility to update the presentation to account for such changes. Jerusalem Global makes no representation or warranty, expressed or implied, with respect to the

accuracy, reasonableness, or completeness of any of the information contained herein, including, but not limited to, information obtained from third parties.The information contained herein is not intended to provide, and should not be relied upon for, accounting, legal or tax advice or investment recommendations. Investors should make an independent investigation of the investment described herein, including consulting their tax, legal, accounting or other advisors, about the matters discussed herein. Information contained herein may include information respecting prior investment performance of one or more investments. Information respecting prior performance, while a useful tool in evaluating the manager’s investment activities, is not necessarily indicative of actual results that may be achieved for unrealized investments. The realization of such performance is dependent upon many factors, many of which are beyond the

control of the managers. Further, there can be no assurance that the indicated valuations for unrealized investments accurately reflect the amounts for which the subject investments could be sold. Past performance is not indicative nor a guarantee of future returns. Certain information contained herein may be “forward-looking” in nature. Due to various risks and uncertainties, actual events or results or the actual performance of a Fund may differ materially from those reflected or contemplated in such forward-looking information. As such, undue reliance should not be placed on such information. Forward-looking statements may be identified by the use of terminology including, but not limited to, “may,” “will,” “should,” “expect,” “anticipate,” “target,” “project,” “estimate,” “intend,” “continue” or “believe” or the negatives thereof or other variations thereon or comparable terminology.Additional information may be available upon request

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Israel, a strong economypowered by innovation

4

Israel grew even as global economies contracted

2007 2008 2009 2010 2011 2012 2013 2014-4.0%

-2.0%

0.0%

2.0%

4.0%

6.0%

8.0%Global financial

crisis

% GDP growth

Sources: OECD Data, Trading Economics

OECD

Israel

5

Israel is one of the healthiest free-market economies

Japan

Germany

Israel

US

UK

Australia

Canada

OECD

France

Italy

3.0%

4.8%

5.1%

5.4%

5.5%

6.0%

6.8%

6.9%

10.4%

12.3%

China

Israel

Germany

Canada

UK

Euro Area

France

US

Italy

Japan

41%

68%

75%

87%

89%

92%

95%

103%

132%

230%

UNEMPLOYMENT (% of workforce) DEBT (% of GDP)

Sources: OECD Data, Trading Economics

6

A global innovation leader

• Highest # of startups / capita• #3 NASDAQ listings after US, China• Scientific institutions ranked #3• #2 in space science• One of 10 countries capable of satellite launch• Highest # of scientific papers / capita

7

The source of some of the most ubiquitous technologies

Firewall VoicemailCrowd-sourced

navigation

Visual driver

assistance

Drip irrigation

Gesture recognitio

n

Instant messagin

gUSB flash

drivePill

camera

8

350+ R&D centers of major global corporations

Pentium 4,

Centrino

Instantsearch

9

Limited naturalresources

“Island” with few open

land borders

Nation built by immigrants from

nothing in 50 years

Former USSR scientistinflux in the 1990s

IDF: critical projects with tight

budgets/deadlinesSupportive

government programs

How Israel became a major innovator and technology exporter with an international mindset

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Israel, a compelling venture market

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VC investors signal strong confidence in Israel

MexicoBrazilJapan

AustraliaIndia

UKChina

CanadaIsrael

US

2.42.7

3.03.23.3

3.53.53.6

3.94.2

On a scale of

1-5,what is

your confidence

level in each

country?Source: Deloitte and NVCA 2015 Global Venture Capital Confidence Survey (208 VC and PE investors interviewed)

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Capital outflows exceed inflows, significantly

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

1.6 1.8 2.11.1 1.3

2.1 1.9 2.33.4 3.2

10.8

4.4

2.7 2.7 2.6

5.4

9.8

6.77.8

9.0

Source: IVC

RaiseExit

$b

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Increase in growth deals: maturity of the local market

$0

$200

$400

$600

$800

$1,000

$1,200

$20m+

<$5m$5-10m$10-20m

Capital raised by deal size, $m

As part of a sea change in the local market,

companies are raising much

larger rounds in order to build

large, standalone businesses

Source: IVC

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And much larger exits as a result!

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015$0

$2

$4

$6

$8

$10

$12

6.9

0.5

6.4

2.8 1.6

2.7 >$500m

exits

Annual exit proceeds from M&A, $b

Source: IVC

Thank you