The Management Companies have determined that Sustainability Risk (which are defined as an environmental, social or governance event or condition that, if it occurs, could cause an actual or a potential material negative impact on the value of the relevant investment) are relevant for the Investment Vehicles.
 
Nonetheless, the Management Companies do not use the Sustainability Factors as a decisive or reductive factor for any investment. They are merely used as an additional tool for decision-making or an added value facilitating investments. The primary aim of the investment policy adopted by the Management Companies remains creation of value of the Investment assets allowing maximization of the profits for the Limited Partners. As such the Management Companies considers that Sustainability Risks are not likely to impact returns of the Investment Vehicles.

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The Management Companies do not consider the principal adverse impacts of its investment recommendations on Sustainability Factors (PAIs).

Given the obligations contained in the Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability-related disclosures in the financial services sector (including the technical methodologies and data capture requirements this would reasonably entail) compliance is not assured among the different portfolio funds and companies that Management Companies will invest in. As such, there is no assurance that Management Companies will have access to clear, comparable and consistent data with which to report on principal adverse impacts of investment decisions on Sustainability Factors. This decision will, however, be kept under regular review.

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For purposes of this disclaimer Management Companies: means Dila III MC, LLC, Dila IV MC, Administradora Dila,  SC and Dila Capital España S.à r.l.
 
For purposes of this disclaimer Investment Vehicles: means Fideicomiso 1829 Dilla Capital II, Dila Capital III, LP, Dila Capital IV, LP and Dila Capital España Fund, SCSp.