Oaktree Real Estate Opportunities Fund VII, L.P.

OAKTREE REAL ESTATE OPPORTUNITIES FUND VII, L.P. Diversified Assets across Regions UNITED STATES AND CANADA (EXCLUDING $2.5 BILLION OF U.S. CMBS) ($ in millions) Pacific Northwest $129 Southwest $2,593 High Texas $240 Midwest $709 Med Ontario $41 Southeast $1,429 Northeast & Mid-Atlantic $798- Low ASIA ($ in millions) China $42 EUROPE ($ in millions) United Kingdom $737 Spain $59 Korea $95 Denmark $49 Confidential Germany $34 As of June 30, 2015 Maps present the aggregate gross invested capital for all real estate investments made in AROF, ROF IV, ROF V, Remington Account, ROF VI, REDF and related separate accounts. Excludes $2.5 billion of investments made by the Legacy CMBS Fund, ROF IV, ROF V and Remington Account. Japan $115 15

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