Message: AlphaKeys European Real Estate Opportunities II, LL.C. - PPM, Schlack (EFTA00238256)

Message From: Schlack, Christopher on behalf of SH-Al-Product-Update Ish-a product-update@ubs coml Sent: 7 6 2016 8:18:28 PM BCC: CONFIDENTIAL UBSTERRAMAR00002713 EFTA00238256 CONFIDENTIAL UBSTERRAMAR00002714 EFTA00238257 CONFIDENTIAL UBSTERRAMAR00002715 EFTA00238258 CONFIDENTIAL UBSTERRAMAR00002716 EFTA00238259 Subject: AlphaKeys European Real Estate Opportunities II, LL.C. - PPM Supplement #3 Attachments: 8REP Europe V - Third AR Supplement (June 2016) Final.pdf (SUBS Dear Investor: At the request of your Financial Advisor, you previously received offering materials for AlphaKeys European Real Estate Opportunities II, L.L.C. (the "Fund"). Subsequent to that, the Fund issued the attached amendment to the offering materials. • Supplement No. 3 to the Private Placement Memorandum Please review all of the amendments to the offering materials and discuss any questions with your Financial Advisor prior to making your investment decision. Please do not respon