R.E.F. Real Economy Fund AIF V.C.I.C. Ltd

Real Economy Fund is a Trade Finance Fund, incorporated in Cyprus, registered and regulated by CySEC (Cyprus and
Securities Exchange Commission) to operate as an Alternative
Investment Fund (“AIF”) in the form of a limited liability company by shares as an open-ended investment company
of variable capital. The depositary bank is Eurobank Cyprus.
REF is an associate member of FCI (fci.nl)

We invest only in the financing of the short-term activities of targeted companies without any participation in the
companies’ equity capital. The Fund participates in the full trade cycle of B2B transactions by providing working capital
for import financing, pre-export financing, trade payables & receivables financing/ discounting of invoices and other
financial instruments. REF also participates in traditional factoring activities (full turnover factoring, single invoice
discounting) as well as SCF.