EFTA Document EFTA01452046

SOF III - 1081 Southern Financial LLC Secondary Opportunities Fund Ill. LP Appendix 8 Alternative Investment Fund Managers Directive This Memorandum makes reference to the Manager being authorised by the UK Financial Conduct Authority to the extent required by the EU Alternative Investment Fund Managers Directive and its implementing legislation in the UK (the 'AIFM Authorisation'). Although the Manager has applied for the AIFM Authorisation, as of the date of this Memorandum, the Manager