Macquarie Energy Transition Infrastructure Fund

This reflects the current beliefs of [Macquarie/MAM] as of the date hereof and is based on a variety of assumptions and estimates subject to various risks. There can be no assurance that these expectations will materialise due to general economic and other market factors, which are unpredictable and outside of MAM’s control, and which can materially affect the reliability of projections. There can be no assurances that any plans, expectations, or forward-looking statements will ultimately be achieved as described herein, if at all. Note: all statements are based on MAM internal analysis, unless otherwise stated.

1. BloombergNEF, "The US Transition Ahead: Booming Energy Demand, Shifting Mobility," January 2026.
   
   
2. MAM Internal Analysis. These statements reflect MAM's reasonable opinions and belief of the initial portfolio returns, current pipeline and scenario analysis. The current prices of the Fund’s assets and the assets the fund is intended to invest in are taken as a basis to conduct long-term simulated analyses using different market scenarios and portfolio weightings. The target range reflects different long-term return profiles stemming from the results of these analyses. There is no guarantee that the Fund will achieve its investment objectives. The Target Net Return assumes (a) management fees and performance compensation charged to the Fund in accordance with the headline terms generally expected of the Fund (b) offering and organizational expenses incurred directly by the Fund at the maximum capped amount indicated in the Memorandum (c) no management fee offset and (d) annual, ordinary ongoing partnership expenses as per the Prospectus and Supplement. Actual expenses or costs of the Fund may vary significantly from such assumptions, which could result in a materially lower Net Return. The target Net Return for individual investors in the Fund may differ depending on the size and timing of an individual investor’s Capital Commitment. Target returns being shown for information purposes only and should not be relied upon to make predictions of actual performance. Target returns are based on facts and assumptions that we believe to be reasonable. Targeted performance is not a guarantee, projection or prediction and is not necessarily indicative of future results. The scenarios presented are an estimate of future performance based on current market conditions and are not an exact indicator. What you will get will vary depending on how the market performs and how long you keep the investment. Future performance is subject to taxation which depends on the personal situation of each investor, and which may change in the future and may lead to a financial loss if no guarantee on the capital is in place.
   
   
3. Target net distribution yield is taking fund’s cumulative distributions over the modelled period or, once available the, previous 12 months divided by the average net asset value of the distributing share class during that period. Please refer to the Prospectus and Supplement for further information on distribution share classes.
   
   
4. Redemptions are not guaranteed. Please refer to The Fund’s terms for additional information on redemption limitation.
   
   
5. For illustrative purposes only. Examples within the sectors shown above are provided as indicative examples only of the types of investment that METI may enter into. Whilst the above examples give an indication of the proposed current focus of METI, there is no guarantee that METI will invest into all or any of the above-mentioned sectors either in the near term or long term. Examples provided and their characteristics are not indicative of all assets in which the portfolio will invest. Actual portfolio composition may vary. Read the Memorandum carefully before investing. The statements made on this slide represent the opinions and beliefs of Macquarie as of the publication date of this document are subject to change without notice and should not be relied upon as a promise or representation as to past or future performance, events, or results. Mainly co-invests with Macquarie Green Energy and Climate Opportunities Fund (MGECO) which has already raised $US3.5 billion as at December 2025. Further stakes acquired in these assets are expected to be transferred to METI per the same economics, noting that the Adviser reserves the right to transact on or around FMV in the event of a material adverse change in the business causing the value to drop materially below the proposed transaction price. Additional investments being secured will not benefit from this. There is no guarantee that investors will be able to participate in these assets or that they will be able to participate in such investments on acceptable terms. Additionally, participation in any of these assets is not certain and will be subject to factors which are beyond our control including, without limitation, (i) the successful completion of contract negotiations in relation to such seed asset; (ii) no breach or default by any prospective counterparty of its obligations; and (iii) the raising of sufficient capital to invest in the deal.
   
   
6. Examples within the sectors shown are provided as indicative examples only of the types of investment that METI may enter into. Whilst the above examples give an indication of the proposed current focus of METI, there is no guarantee that METI will invest into all or any of the mentioned sectors either in the near term or long term. Examples provided and their characteristics are not indicative of all assets in which the portfolio will invest. Actual portfolio composition may vary. Read the Memorandum carefully before investing. The statements represent the opinions and beliefs of Macquarie as of the publication date of this document are subject to change without notice and should not be relied upon as a promise or representation as to past or future performance, events, or results.
   
   
7. Structured debt investments
   
   
8. Includes real asset portfolio companies. As at March 31, 2026.
   
   
9. As at March 31, 2026. Not all staff are dedicated to METI.
   
   
10. As at March 31, 2026.
    
    
11. Pertains to Macquarie Asset Management, as at March 31, 2026.
    
    
12. The Fund is subject to Article 8 of the EU's Sustainable Finance Disclosure Regulation. The Fund will consider a number of factors in making investment decisions, including sustainability. Prospective Investors are invited to read the METI Supplement, and to fully evaluate the characteristics and objectives of the Fund before deciding whether or not to subscribe for Interests. For further information on SFDR disclosures please refer to the relevant funds’ data room https://funds.s64capital.com/products/meti.Not all investments made by the Fund are anticipated to deliver green impact. However, these investments will support the Fund’s investment objective by providing the liquidity and returns profile required by the high net worth target investors. We will also seek, using commercially reasonable efforts, for these investments to be thematically aligned with the Green Purposes. The Investment Manager and Sub-Investment Managers will invest at least 80% of the Fund's investments in investments which are aligned with at least one of the Green Purposes. Investments may have neutral or negative impacts to certain of the Green Purposes or other Sustainability factors, which are considered in the investment decision-making process. Over time, the opportunity set will expand to include decarbonisation of industry and transport. Examples are for illustrative purposes only. The provided examples serve only to represent the types of investment that METI may enter into. Whilst the above examples give an indication of the proposed current focus of METI, there is no guarantee that METI will invest into all or any of the above mentioned sectors either in the near term or long term and investors are requested to review METI’s PPM Supplement.
    
    
13. Subject to local registration or notification. In each case, investors must satisfy all additional eligibility requirements for METI from time to time as set out in METI’s Prospectus and Supplement and/or subscription agreement. 
    
    
14. Please refer to the PPM Supplement for further information on distribution share classes.
    
    
15. Certain financial intermediaries may charge up-front subscription fees and on-going sub-distribution fees. On-going sub-distribution fees will be charged on certain classes of shares only. Please see the Prospectus and Supplement for further details.
    
    
16. Subject to the investor eligibility requirements of the relevant Distributor.
    
    

The name Macquarie as used on this website refers to the Macquarie Group which comprises Macquarie Group Limited ABN 94 122 169 279 and its worldwide affiliates. Macquarie Group comprises two separate sub groups, a banking group (including Macquarie Bank Limited ABN 46 008 583 542) and a non-banking group which includes Macquarie Asset Management (MAM), a full-service fund manager. Within MAM, MAM Real Assets provides fund management services in relation to real assets, including infrastructure and real estate.  

Local distributors have been appointed by the Fund to distribute the Fund.  Please contact your local distributor for further details. 

MIRAEL is a member of the Macquarie Group within MAM and is authorised and regulated by the UK Financial Conduct Authority with registered address of Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD and with FCA Firm Reference Number: 195652. Unless otherwise noted, references to “we”, “us”, “our” and similar expressions are to MAM.  MIRAEL has been appointed as one of the portfolio managers of the Sub-Fund. 

MIRAEL is a member of the Macquarie Group within MAM and is authorised and regulated by the UK Financial Conduct Authority with registered address of Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD and with FCA Firm Reference Number: 195652. Unless otherwise noted, references to “we”, “us”, “our” and similar expressions are to MAM.  MIRAEL has been appointed as one of the portfolio managers of the Sub-Fund. 

S64 (Lux) S.à r.l. acts as General Partner of the Sub-Fund but is not a regulated entity in Luxembourg or any other jurisdiction. Any reference herein to “S64” shall, unless otherwise required by the context, be understood as a reference to activities conducted by S64 Ventures Limited, S64 (Lux) S.à r.l. and/or any of its affiliates. Carne Global Fund Managers (Luxembourg) S.A., in its capacity as AIFM of the Sub-Fund (the “AIFM”), is registered on the official list of Luxembourg alternative investment fund managers within the meaning of the Luxembourg law of 12 July 2013 on alternative investment fund managers, as amended (the “2013 Law”) transposing Directive 2011/61/EU of the European Parliament and of the Council of 8 June 2011 on Alternative Investment Fund Managers (“AIFMD”) into Luxembourg law and is authorised to act as an external alternative investment fund manager of alternative investment funds within the meaning of article 4(1), a) of the AIFMD. The AIFM is under the ongoing supervision of the Luxembourg regulatory authority for the financial sector, the CSSF.

Any securities referenced herein are not being offered in the United States (the “U.S.”) or to U.S. persons and any such offering is not directed to U.S. persons.

This document is intended only for professional investors. Investment in the Sub-Fund is available only to investors for whom it has been deemed suitable and who meet the relevant investment classification. Please refer to the Prospectus for the Sub-Fund and if you have any concerns or questions, prospective investors should speak to their distributor and/or financial adviser.  Any Distributor should take into consideration the target market assessment; however, a Distributor subject to the Markets in Financial Instruments Directive (Directive 2014/65/EC) is responsible for undertaking its own target market assessment in respect of the Shares described in this Document (by either adopting or refining the existing target market assessment) and determining appropriate distribution channels.

Any recipient who is not eligible to receive this document should return it to the Distributor from whom they received it or to MIRAEL immediately. Any reproduction or distribution of this document, in whole or in part, or the disclosure of its contents to any person other than to a recipient’s professional advisers, without the prior written consent of MIRAEL, is prohibited. All recipients agree they will keep confidential all information contained herein and not already in the public domain. By accepting this document, a recipient agrees to the foregoing.

Other than Macquarie Bank Limited ABN 46 008 583 542 (“Macquarie Bank”), any Macquarie Group entity noted in this document is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia).  The obligations of these other Macquarie Group entities do not represent deposits or other liabilities of Macquarie Bank.  Macquarie Bank does not guarantee or otherwise provide assurance in respect of the obligations of these other Macquarie Group entities.  In addition, if this document relates to an investment, (a) the investor is subject to investment risk including possible delays in repayment and loss of income and principal invested and (b) none of Macquarie Bank or any other Macquarie Group entity guarantees any particular rate of return on or the performance of the investment, nor do they guarantee repayment of capital in respect of the investment.

This website and any information therein does not constitute an offer to sell or a solicitation of an offer to subscribe or purchase or a recommendation of any securities and may not be distributed in any jurisdiction except in accordance with the legal requirements applicable in such jurisdiction. The information on this website is subject to discussion, completion and amendment. This website does not contain all the information necessary to fully evaluate the potential of any investment and information presented does not take into account the investment objectives or financial circumstances of the recipient and, as such, no reliance should be placed on its contents. 

Nothing on this website constitutes a commitment from Macquarie to provide or arrange any facility or is otherwise imposing any obligation on Macquarie. Past performance is not an indication of future performance and Macquarie does not guarantee the performance of or return of capital from any investment.

Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance data quoted.

Risks associated with investing: An investment in the Fund should be considered a speculative investment that entails substantial risks; you may lose part or all of your investment or your investment may not perform as well as other similar investments. The purchase of interests in the Fund entails a high degree of risk and is suitable for sophisticated investors for whom an investment in the Fund does not represent a complete investment program, and who fully understand and are capable of bearing the risk of an investment in the Fund. Potential investors in the Fund should carefully consider the private placement memorandum, including in particular the risk factors in Section 18: “Risk Factors” and the sub-fund supplement, including in particular Section 9: “Risks Factors” before making a decision to invest in the Fund.     

Nature of Information: Certain information on this site has been obtained from sources that Macquarie believes to be reliable as of the date presented; however, Macquarie cannot guarantee the accuracy of such content, assure its completeness, or warrant that such information will not be changed. In particular, (i) pricing information is estimated and unaudited and (ii) commentary on specific securities, if any, reflects the author’s analysis. The information on this site is current as of the publication date indicated. Macquarie is under no obligation to update the information to reflect changes after the publication date. 

The website contains selected information and does not purport to be all-inclusive or to contain all the information that may be relevant. Recipients must rely on their own examination of the legal, tax, financial accounting and other consequences of any investment in the Fund, including the merits of investing and the risks involved. Recipients should not treat the contents of this document as advice relating to legal, tax, accounting or investment matters and are strongly advised to conduct their own due diligence including, without limitation, the legal, tax and accounting consequences to them, and to consult their own professional advisers accordingly.

This website may contain certain forward looking statements, forecasts, estimates, projections and opinions (“Forward Statements”). Any Forward Statements represent our opinions, expectations, beliefs, intentions, estimates or strategies regarding the future, which may not be realised. These statements may be identified by the use of words like “anticipate”, “believe”, “estimate”, “expect”, “intend”, “may”, “plan”, “will”, “should”, “seek”, and similar expressions. The Forward Statements reflect our views and assumptions with respect to future events as of the date of this document and are subject to risks and uncertainties. No representation is made or will be made that any Forward Statements will be achieved or will prove to be correct. A number of factors, in addition to any risk factors stated in this material, could cause actual future results and operations to vary materially from the Forward Statements. Given these uncertainties, undue reliance should not be placed on the Forward Statements. We do not undertake any obligation to update or revise any Forward Statements, whether as a result of new information, future events or otherwise. Similarly no representation is given that the assumptions disclosed in this document upon which Forward Statements may be based are reasonable. The recipient acknowledges that circumstances may change and the contents of this website may become outdated as a result. Any financial projections have been prepared and set out for illustrative purposes only and do not in any manner constitute a forecast. There can be no assurance that the investment strategy or objective of any investment will be achieved or that investors will receive a return of the amount invested. Investment is subject to significant risks of loss of income and capital.

This document is intended only for professional investors. Investment in the Fund is available only to investors for whom it has been deemed suitable and who meet the relevant investment classification.   

By investing in the Fund, your capital is at risk.

The Fund invests in assets that may at times be hard to sell. This means that there may be occasions when you experience a delay or receive less than you might otherwise expect when selling your investment. For more information on risks, see the Private Placement Memorandum Fund Supplement and key investor information document.

Additional notice to residents in United States

The Fund is not being offered in the U.S. or to U.S. persons. The information on this website does not constitute investment advice, or an offer to sell or the solicitation of an offer to buy any securities in any fund or product offered by MAM. Such offer or solicitation may only be made pursuant to the current offering documents for such fund or product, which will be provided only to eligible investors. Please see important end notes and additional disclosures contained on the website and any materials provided therein.

The information and documents contained on the website relate to securities which have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and according to the rules, regulations and laws of the U.S., may not be offered, sold or delivered within the U.S. (or any State thereof) or to, or for the account or benefit of, U.S. persons. The documents contained on the website may contain legends or other restrictions limiting the persons who, or the circumstances under which certain persons may, participate in an offering, and the availability of the information through the website does not alter or change in any way the nature of or affect any such restriction.

Diversification does not protect against a profit or loss in a declining market.