Portugal Liquid Opportunities

2 Public Equities: Strong track record in public markets, >2.5x the MSCI all Country World Index Cumulative return¹ 2.5x Annual performance¹ OXY CAPITAL MSCI All Country World Index (in euros, with dividends reinvested) 193% Equivalent to c. 11% annual alpha since inception, based on monthly excess 76% returns vs MSCI ACWI in euros 4% 1% 47% 29% 7% 79% 28% 13% 15% 0% OXY CAPITAL MSCI All Country World Index² -5% -13% Annualized return 24% 12% Dec 2018 2019 2020 2021 2022 Dec/23 Oxy Capital and its partners³ have a track record of successful investments in public markets 1. Calculated as time-weighted return, i.e. it corresponds to the chain product of returns between redemption dates and capital increases, removing the impact of these movements on the rate of return, and is gross of fees for the period during which Oxy invested through Fundo Cometa FCR (Dec 2018 until 2022, inclusive); Disclosed performance represents past data and is not a guarantee of future performance. Investment in this investment strategy and consequently in the respective funds may entail the loss of the capital invested; 2. In euros, with reinvested dividends; 3. Partner involved in the initiative generated a return of 22.1% p.a. over the last 12 years (vs 8.5% MSCI World Total Return EUR) by investing in public markets | Source: Bloomberg 7

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