ABP - Macquarie Agriculture Fund Crop Australia 2

WA-01130

Labiosa Investments Holding B.V. (**Labiosa**) is a Dutch investment holding vehicle wholly owned by Stichting Pensioenfonds ABP (**ABP**). Labiosa is a special purpose vehicle with no prior business activities. ABP is an independent pension fund established in the Netherlands for people working in the government and education sectors in the Netherlands. Labiosa proposes to acquire a minority share in two unlisted and unregistered Australian unit trusts, MAFCA2A and MAFCA2B, collectively known as Macquarie Agriculture Fund – Crop Australia 2 (**MAFCA2**) (the **Acquisition**). MAFCA2's primary investment objective is to invest at scale in a diversified portfolio of row crop and permanent crop assets and businesses, as well as agriculture supply chain assets. MAFCA2 is managed by Macquarie Agricultural Funds Management Limited, a wholly owned subsidiary of Macquarie Group.