Mercúrio Fund II is a Portuguese FCR-structured vehicle that invests in mature small- and mid-cap companies via flexible debt and equity instruments to promote growth, expansion, or consolidation. It follows a special-situations approach—providing liquidity and acquiring minority or majority stakes—while deploying excess cash into the Portugal Liquid Opportunities Fund for further upside. The fund is designed to align with Golden Visa criteria by avoiding real-estate development, investing over 60% in Portugal-headquartered firms, and maintaining a minimum €100,000 subscription held through to December 2033. Key features include: • Closed-ended structure with fundraising open until May 2027 • Term ending December 2033 • Target returns in the mid-teens per year (gross) • 5% IRR hurdle rate for performance fees • Focus on special situations in mature Portuguese companies • Excess cash deployment in Portugal Liquid Opportunities Fund

Portugal Liquid Opportunities Fund is an open-ended, FACTA-compliant public equities vehicle managed by Oxy Capital – SGOIC, S.A., with a minimum subscription of €100,000. It allocates over 60% of its assets to Portuguese public equities—targeting leading national "champions"—and under 40% to international equities via Oxy's proprietary strategy. Designed for Golden Visa investors, subscriptions are perpetual with daily liquidity, and no redemption fee applies after three years. The fund targets low-teens gross annual returns, with all costs deducted from invested capital. Key features include: • Open-ended structure with perpetual subscriptions • Daily liquidity with daily NAV calculation • FACTA-compliant for international investors • Over 60% allocation to Portuguese public equities • Under 40% allocation to international equities • No redemption fee after year 3 • 5% IRR hurdle rate for performance fees