Five Elms Private Growth (FEPG)

1) Repurchases are subject to available liquidity, are not guaranteed, and are subject to 3% of NAV cap. All commitments subject to a 1-year hard lock-up and 5% early redemption deduction if redeemed before units have been outstanding for 2 years.

This material contains references to our net asset value ("NAV") and NAV based calculations, which involve significant professional judgment. Our NAV is generally equal to the fair value of our assets less outstanding liabilities, calculated in accordance with FEPG's valuation policy. The calculated value of our assets and liabilities may differ from our actual realizable value or future value which would affect the NAV as well as any returns derived from that NAV, and ultimately the value of your investment. As return information is calculated based on NAV, return information presented will be impacted should the assumptions on which NAV was determined prove to be incorrect. NAV in accordance with our valuation policy may differ from the Fund's net asset value as determined in accordance with accounting principles generally accepted in the United States of America.

FEPG is offered pursuant to private placement. This website is neither an offer to sell nor a solicitation of an offer to buy any security and none should be inferred.

Complete information on the risks associated with FEPG are set out in FEPG's offering documents, which are available upon request, and will ultimately be available in FEPG's Form 10, annual reports, and periodic filings with the SEC, which will be accessible on the SEC's website at www.sec.gov.

Assets under management ("AUM") is estimated and unaudited as of December 31, 2025. There can be no assurance that any Five Elms fund, investment or acquisition will achieve its objectives or avoid substantial losses.

The FEPG Leadership professionals identified above are not solely dedicated to FEPG or any particular Five Elms business and will perform work for other Five Elms business units. There can be no assurance that such professionals will be associated with a fund throughout the life of a fund.

Certain information contained on or available from this website has been obtained from sources outside Five Elms, which in certain cases have not been updated through the date hereof. While such information is believed to be reliable for purposes used herein, no representations are made as to the accuracy or completeness thereof and none of Five Elms, its funds, nor any of their affiliates takes any responsibility for, and has not independently verified, any such information.

Clarity of text on this website may be affected by the size of the screen on which it is displayed.

Certain information contained on or available from this website constitutes "forward-looking statements," within the meaning of the federal securities laws and the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by the use of forward-looking terminology, such as "outlook," "indicator," "believes," "expects," "potential," "continues," "identified," "may," "will," "should," "seeks," "approximately," "predicts," "intends," "plans," "estimates," "anticipates", "confident," "conviction" or the negative versions of these words or other comparable words thereof. These may include FEPG's financial estimates and their underlying assumptions, statements about plans, objectives and expectations with respect to future operations, statements with respect to acquisitions, statements regarding future performance, and statements regarding identified but not yet closed acquisitions. Such forward-looking statements are inherently uncertain and there are or may be important factors that could cause actual outcomes or results to differ materially from those indicated in such statements. FEPG believes these factors also include but are not limited to those that are described under the section entitled "Risk Factors" in its offering documents and will be described in the "Risk Factors" section of its registration statement on Form 10 and annual report for the most recent fiscal year, and any such updated factors included in its periodic filings with the SEC, which will be accessible on the SEC's website at www.sec.gov when they are filed. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this website (or FEPG's offering documents and filings). Except as otherwise required by federal securities laws, FEPG undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise.