1. Training overview This career path certification, focused on Real Estate, jointly offered by ALFI and the House of Training, consists of comprehensive modules, allowing certification at three levels in Real Estate administration, accounting and business processes management. The courses can also be attended individually with optional examinations. All courses are taught in English. The first three basic modules deliver the basic theory, providing the: fundamentals of Real Estate, the basics of international Real Estate fund structuring and the roles and responsibilities of Real Estate Professionals. A certification “Specialist Real Estate - Administration” will be issued to participants who sit and successfully pass the associated exams for these modules. Two further advanced paths of certification are also available to: “Specialist Real Estate - Business Processes” or “Specialist Real Estate - Accounting” by sitting the Business Process and Controls or the Accounting modules respectively and passing their associated examination. These certifications can be complemented through valuable further optional modules: “Valuation of Real Estate investment products”, “Tax Compliance in Real Estate investment products”, “Understanding AIFMD” and other modules available in the full investment fund offer at the House of Training. The following overview summarises the career path certifications described above: Real Estate Basics REIF Fundamentals - Understanding the commercial design of Real Estate investment products REIF Fundamentals of Structuring - Tax & legal structuring of Real Estate investment products REIF - Fundamentals of Roles and Responsibilities Exam and Certificate “Specialist Real Estate- Administration” AIFMD - Understanding Fundamentals Optional REIF Understanding Processes and Controls REIF - Real Estate Accounting Optional REIF - Valuation of Real Estate investment products Exam and Certificate “Specialist Real Estate - Business Processes” Exam and Certificate “Specialist Real Estate - Accounting” REIF - Tax Compliance in Real Estate investment products REAL ESTATE INVESTMENT FUNDS PROFESSIONAL 2018

2. More information More information about the course content and objectives, the target audience, the exact schedule, etc. can be found on our website www.houseoftraining.lu Registrations Registrations for the standard training modules and/or exams are to be made online via oura website. They have to be made at least 5 days before the beginning of the training course/exam. Tailored Private Equity training Feel free to contact Christian Schmitz (christian.schmitz@houseoftraining.lu or +352 46 50 16 - 475) to get your customised Private Equity training. Registration fees The fees indicated in this flyer represent the basic fees. These can vary, depending on several options chosen by the participant (training material, exam fees, etc.). All prices are indicated without VAT (3%). Exams Exam sessions take place every Tuesday and every last Thursday of each month, except on school holidays. Training location Unless otherwise indicated in the registration confirmation, all courses take place at the: Training Centre in the Chamber of Commerce 7, rue Alcide de Gasperi L-1615 Luxembourg Terms and conditions as stated on our website www.houseoftraining.lu are applicable. COURSE DURATION PRICE REIF Fundamentals - Understanding the commercial design of Real Estate investment products 8 hours 195 € REIF Fundamentals of Structuring - Tax & legal structuring of Real Estate investment products 8 hours 195 € REIF - Fundamentals of Roles and Responsibilities - Designing an appropriate financial framework for Real Estate investment products 4 hours 130 € REIF Fundamentals of Roles and Responsibilities - Operating Real Estate investment products 4 hours 130 € REIF Understanding Processes and Controls - Governance and control of Real Estate investment products 8 hours 210 € REIF - Understanding Processes and Controls - Operating Real Estate investment products 8 hours 210 € REIF - Real Estate Accounting 16 hours 635 € REIF - Valuation of Real Estate investment products 8 hours 255 € REIF - Tax Compliance in Real Estate investment products 8 hours 255 € Practical information Contact House of Training - Customer Service customer@houseoftraining.lu BP 490 L- 2014 Luxembourg Tel.: +352 46 50 16 – 1 www.houseoftraining.lu House of Training Formally established in 2015, the House of Training brings together, under a single roof, the training institutes of both the Chamber of Commerce and the Luxembourg Bankers’ Association (ABBL), who are renowned for their expertise and their vast offerings in the field of continued vocational training in Luxembourg.