FinTech & InsurTech: Company presentation by Alexander Argyros, Moonfare at the NOAH Conference 2019 Berlin, 13-14 June - STATION.

1. Democratization of
Private Investing
EXCLUSIVELY FOR PROFESSIONAL AND SEMIPROFESSIONAL INVESTORS PURSUANT TO SECTION 1 PARA. 19 NO. 32 AND 33 KAGB
Company Presentation

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3. MOONFARE‘S MISSION:
MAKE THE WORLD OF PRIVATE EQUITY INVESTING
AVAILABLE TO YOU

4. Moonfare Company Presentation
European investors get access to top-tier
PE funds through Moonfare
Note: Map for illustrative purposes only. Funds listed may not be available on Moonfare platform.
Private equity funds

5. Moonfare Company Presentation
How it works
● SPV invests into one target fund
PRIVATE EQUITY FUND
*For professional investors
● Invest in top-tier funds with low minimum
tickets, from EUR 100k* per fund investment
● Curate a diversified portfolio with a variety of
investments on the Moonfare platform
● Pay low fees: from 0.5% management fee per
annum and 1% set up feeINVESTORS
AGGREGATED INVESTMENT
LUXEMBOURG SPV (SCS)
INDIVIDUAL INVESTORS
● Tax-transparent vehicle
● Bundling of investors

6. Moonfare Company Presentation
Top-tier Private Equity funds have
consistently outperformed S&P 500
2007 08 09 10 11 12 13 14 15 16 17 18
As of June of year
%
40
30
20
10
0
-10
Top quartile
S&P 500
10-year horizon pooled net IRR
Private Equity Buyout funds vs S&P 500*
Private Equity: Active Ownership Drives
Superior Returns
Leverage of global platforms
drives growth
Active strategic & operational
value creation
Superior governance model
Equity participation programs
make managers act like
owners
*Based on buyout funds in US and S&P 500
Sources: Global Private Equity Report 2019, Bain & Company

7. Moonfare Company Presentation
Individuals invest 5x less than
professionals do in Private Equity
of Individual Investors’ portfolio
invested in Private Equity
of Professional Investors’ portfolio
invested in Private Equity
5%
25%
* PE- Private Equity
99%
of companies are privately
held
Private Equity covers all
geographies & sizes
Diversified portfolios are more
robust
Without access to Private Equity,
individual investors can only invest in a small
fraction of the equity market

8. Moonfare Company Presentation
Moonfare has repeatedly helped investors access best in class managers
AuM
2018 Current offering and pipeline2019
>100m EUR AuM in 1 year
WPPG
Carlyle VII
EQT VIII
EQT Asia
Oakley IV
Cinven VII
Unparalleled access with low minimums starting at EUR 100,000

9. Moonfare Company Presentation
Moonfare leverages state-of-the-art technology to
simplify investing
Streamlined on-boarding
(only once)
Exclusive fund information
Paperless subscription
Secure capital flows
Online fund reporting
Secondary trading

10. Moonfare Company Presentation
Fees are simple, transparent and fair

11. Moonfare Company Presentation
Moonfare takes the pain out of a cumbersome
process
2 weeks
15 minutes

12. Moonfare Company Presentation
Moonfare makes the world of private equity investing available to you
LIQUIDITY
HASSLE-FREE
INVESTING
QUALITY ACCESS
AFFORDABILITY
INDIVIDUAL
INVESTORS
PRIVATE EQUITY
FUNDS

13. Moonfare Company Presentation
Moonfare leadership team
Founder
Alexander Argyros
Executive Board Member -
Operations
Hans Haderer
Head of Engineering
Umut Koseali
Head of Fund Supply
Magnus Grufman
Head of Direct Sales &
Marketing
Douglas Trafelet
Finance Director
Julia HilleCeylan Cullu
Senior Product Manager
Mathieu Forcioli
Head of AsiaFounder & Chair Moonfare
Asia
Dr. Heinrich von
Liechtenstein
Founder and Chairman
Dr. Steffen Pauls
Head of People and
Corporate Development
Cris Westall
Head of Business
Development
Dimitrios Magiakos
Head of Legal and
Compliance
Jens Beyrich
Operations Manager
Florian LinzOlena Melashchenko
Tech Lead - Engineering
Antonia Piersanti
Partnerships Manager
Susann Aulbach
Business Development
Manager
Senior Product Manager
Gerardo Bonilla

14. Moonfare Company Presentation
Former Partner
Accel Partners
Kaj-Erik Relander
Owner
GVB Gutmann
Guntard Gutmann
Founder
Noah Advisors
Marco Rodzynek
Founder
Koehler Group
Rene Marius Köhler
Former MD
BCG
Peter Strüven
Former CEO
DSD
Stefan Schreiter
CEO
Henry Towry
Edward Law
Co-Owner/CEO
ZMD AG
Thilo von Selchow
Co-Founder/Partner
Rho Fund Investors
Robert Osterrieth
Former CEO
Allianz Capital
Thomas Putter
Partner
Lexington Partners
James Pitt
Former CFO
ProSiebenSat.1
Dr. Ralf Schremper
CEO
Horizon Group
Wijnand Donkers
Managing Partner
Ferber & Co
Dr. Manfred Ferber
Partner
Freshfields
Arend von Riegen
Partner
Lamivoie Capital
Amédée Maingard
Chairman
SSP
Vagn Soerensen
Managing Director
Nomura
Christopher Caesar
Former Partner
Northzone Ventures
Gregers Kronburg
Selected members of the Moonfare community
Chairman
HQ Capital
Thomas Jetter
Former Chairman
Co-Investor AG
Dr. Hans-Dieter Rompel
Managing Partner
Montana Group
Stefan Koburger
Former CEO
PrimaCom
Joachim Grendel
Venture Partner
42CAP
Konstantin Urban
Former Partner
KKR
Henrik Kraft
Managing Partner
Ferber
Manfred Ferber
Former Partner
Northzone Ventures
Gregers Kronburg
Managing Partner
Spudy Family Office
Jens Spudy
Former CEO
ProSiebenSat.1
Thomas Ebeling
Partner
PAI Partners
Mirko Meyer-Schönherr
Private Investor
Michelle Capiod
Head of Private Equity
Norbert Becker FO
Rajaa Mekouar -
Schneider

15. Moonfare Company Presentation
Moonfare boasts an exclusive ecosystem
>100
Shareholders
>250
Investors
>2,500
Registered
users on
platform
>10,000
Followers on
social media

16. Selected Completed NOAH Transactions
Focus on Leading European Internet companies
Covering over 400 companies across 25 online
verticals, a broad range of over 500 investors as
well as 100+ online-focused corporates
Deep understanding of industry dynamics
Ability to add value beyond banking advice
Facilitates overall process and minimizes
management distraction
NOAH Advisors is globally well connected
and has direct access to virtually all key
players in the industry
Knowledge of and strong relationships with
potential buyers’ key decision makers
Proactively finds and unlocks attractive
investment opportunities for leading investors
Annual NOAH Conference in its 10th year
Over 40 years of combined relevant M&A experience
Routine execution of M&A and financing transactions
with sizes of several billion euros
30 successfully completed NOAH Advisors transactions
underline successful transfer of M&A competencies to
the Internet sector
Entrepreneurial mind-set, focused on growing the
business and establishing a reputation for excellence
Ability to deliver top results in short time frames
Highly success-based compensation structures align
interests of clients and NOAH Advisors, and demonstrate
conviction to deliver top results
Creative deal solutions
Unique Industry Know-How
Unmatched Network and Relationships
Strong Investment Banking Competence
Full Commitment - We Are Entrepreneurs!
EUROPE’S LEADING INTERNET
CORPORATE FINANCE BOUTIQUE®
The NOAH Advisors Core Banking Team
Marco Rodzynek
Managing Director & Founder
Jan Brandes
Managing Director
Nikhil Parmar
Director
Olek Skwarczek
Associate
Lukas Schlund
Analyst
December 2014 October 2014
Sale of 100% of
for $800m to
Exclusive Financial Advisor to
Fotolia and the Selling Shareholders
Sale of 100% of
for €80m to
Exclusive Financial Advisor to
Trovit and its Shareholders
October 2016
Investment in
Exclusive Financial Advisor to KäuferPortal
and its Shareholders
by
84% Ownership
December 2016
August 2017
Financial Advisor to Silver Lake
Financial Advisor to EMK Capital
Investment in
Acquisition of a Majority Stake in
by
by
at a valuation of $200m
November 2019 July 2019
September 2018
Financial Advisor to MagicLab
Financial Advisor to AU10TIX
and its shareholders
Financial Advisor to 10bis
and its shareholders
Acquisition of a 79% stake in $60m Investment in
Sale of 100% in
by
at a valuation of ~$3 billion
at a valuation of $260m by
for €135m to
10Bis