Modern Slavery Statement

Introduction
This statement is made pursuant to section 54 of the UK Modern Slavery Act 2015 (the “Act”) by Waterland Private Equity Investments B.V. (“Waterland”) on behalf of itself, its funds under management and its advisory offices over the financial year of 2025 which ended on 31 December 2025.

Waterland’s business, operations and supply chain
Waterland is a private equity fund manager which, as at 31 December 2025, managed eleven (11) private equity funds with total investor commitments of approximately €15 billion, and is licensed in the Netherlands as an Alternative Investment Fund Manager under the AIFMD. Waterland is based in the Netherlands (Bussum) and has advisory offices in Belgium (Antwerp), Germany (Hamburg and Munich), Denmark (Copenhagen), Norway (Oslo), the United Kingdom (London and Manchester), Ireland (Dublin), France (Paris) and Spain (Barcelona).

As an alternative investment fund manager, Waterland’s approach to addressing modern slavery comprises of seeking to prevent and mitigate the risk of slavery or human trafficking within Waterland’s business, supply chain and where relevant and appropriate, through its investment activities.

Due to the nature of Waterland’s business as an alternative investment fund manager, the modern slavery and human trafficking risks within Waterland’s business and own supply chain are considered low. Waterland’s material suppliers are primarily professional service firms, such as lawyers, accountants, tax advisors, corporate finance advisors, ESG consultants and IT providers, which are generally considered to present a low risk of human trafficking and modern slavery. A higher risk may exist further down the supply chains, over which Waterland has limited visibility.

In addition, while Waterland does not typically exercise day-to-day operational control over its portfolio companies, modern slavery and human trafficking risks may arise within the operations and supply chains of those companies, depending on the nature of their activities, sectors and geographic footprint.
Waterland seeks to promote awareness of these risks among its portfolio companies where appropriate, and encourages the adoption of policies, processes and measures designed to identify, prevent and mitigate the risk of, amongst others, modern slavery and human trafficking.

Steps taken during the financial year
Waterland’s Responsible Investment Policy is intended to ensure that Waterland contributes to the promotion of a sustainable future for businesses, society and the environment.

Waterland has implemented a Code of Conduct throughout its organisation to provide guidance to its employees on ethical business conduct. Waterland will use reasonable efforts to prevent modern slavery and human trafficking in its business and own supply chain. Waterland is committed to acting ethically and with integrity in its business dealings and relationships.

Governance and approval
The board of directors of Waterland provides oversight on modern slavery and human trafficking risks in its business and own supply chain. This statement has been approved by the management board of Waterland Private Equity Investments B.V. on 24 June 2026 and constitutes Waterland’s modern slavery and human trafficking statement for the financial year ended on 31 December 2025. It has been signed by its director and CFO Mr. B.T. Elema on 24 June 2026.