Ge Investment Management: investment adviser

GEIM does not, and will not seek to, provide investment advisory services to any other investors including individual or retail investors. GEIM’s advice is focused on the Legacy Illiquid GEPT Assets and is tailored to GEPT’s needs and is consistent with investment guidelines that are set forth in the Client’s governing documents. GEIM’s discretionary investment advisory services are comprised of selecting, monitoring and redeeming from (or selling) certain non-public investments that are part of the Legacy Illiquid GEPT Assets, which can include direct investments or investments in unregistered investment funds (“Private Investments”). GEIM’s services with respect to the Legacy Illiquid GEPT Assets include, but are not limited to, the following:

The selection and, if applicable, redemption from each Private Investment;

Ongoing monitoring, including, as appropriate, qualitative and quantitative reviews, investment guideline monitoring and due diligence over each Private Investment;

Portfolio construction and asset allocation amongst all Private Investments;

Oversight of cash management services;

Redemption of each Participating Trust from GEPT as contemplated by the GEPT Trust Agreement; and

Oversight of certain other service providers to GEPT, including but not limited to, administration agents and pricing vendors.

GEIM may also provide non-discretionary advisory and other services to GEPT. As of December 31, 2025, GEIM managed $24,357,919,148.

No fees are paid in advance. GEIM’s fees are exclusive of brokerage commissions, transaction fees, and other related costs and expenses which shall be incurred by GEPT, and indirectly by each Participating Trust (and plan) as more specifically described in the GEPT Trust Agreement. GEPT also incurs, directly or indirectly, certain charges imposed by its custodians and Private Investments and other third parties including management fees, transfer taxes and wire transfers. When making a Private Investment, GEIM takes into consideration the related costs, fees and expenses, including management fees, of such Private Investment to ensure it is reasonable. GEIM will seek to negotiate the fee of each Private Investment to the extent possible given the practicalities of the particular situation.

When appropriate, on-site investment due diligence may also be conducted and investment philosophy, strategy, process, team, track record and value drivers/attribution will be reviewed. Third parties may be engaged to conduct operational due diligence (though they may also leverage existing consultant operational due diligence, if recently completed).

Selected Private Investments are continuously monitored to evaluate performance against relevant benchmarks, adherence to relevant investment guidelines, as appropriate, and overall fit within an asset class.

Risk of Loss Investing in securities involves risk of loss that GEPT should be prepared to bear. At various times in the past, volatile market conditions have had a dramatic effect on the value of securities. In addition, terrorist attacks, other acts of violence or war, health epidemics or pandemics, natural hazards, and/or force majeure may affect the operations and profitability of an issuer. Such events also could cause consumer confidence and spending to decrease or result in increased volatility in the U.S. and worldwide financial markets and economy. Any of these occurrences could have a significant impact on the operating results and revenues of an issuer. There can be no assurance that GEIM (or any Private Investment) will be able to predict those price movements accurately, capitalize on any such assumptions or obtain any performance objectives.

General Investment Risks The price of a security, bond or Private Investment may drop in reaction to tangible and intangible events and conditions. This type of risk is caused by external factors independent of a security’s or issuer’s particular underlying circumstances. For example, political, economic and social conditions may trigger market events. GEPT will be subject to these market risks through the portfolios managed by the Private Investments.

Private Investment performance risk – Individual Private Investments selected by GEIM for GEPT may not achieve the level of performance specified in the investment documents.

Private Investment business risk – These risks are associated with a Private Investment’s ability to maintain business operations.

Potential for fraud/abuse by Private Investments – GEIM monitors Private Investments but cannot and does not act as guarantor.

GEIM’s due diligence – GEIM will do its best to identify issues but, in the event that it does not discover such issues, GEPT could be negatively affected.

Liquidity – the risk stemming from the lack of marketability of an investment offered by a Private Investment that cannot be bought or sold quickly enough (or at all) to prevent or minimize a loss.

Cybersecurity The computer systems, networks and devices used by GEIM (which includes leveraging GE Aerospace systems) and service providers to GEIM and GEPT to carry out routine business operations employ a variety of protections designed to prevent damage or interruption from computer viruses, network failures, computer and telecommunication failures, infiltration by unauthorized persons and security

breaches. Despite the various protections utilized, systems, networks, or devices can be breached. GEPT could be negatively impacted as a result of a cybersecurity breach. Cybersecurity breaches can include unauthorized access to systems, networks, or devices; infection from computer viruses or other malicious software code; and attacks that shut down, disable, slow, or otherwise disrupt operations, business processes, or website access or functionality. Cybersecurity breaches may cause disruptions and impact business operations, potentially resulting in financial losses to GEPT (and indirectly, a Participating Trust); impediments to trading; the inability by GEIM and other service providers to transact business; violations of laws; regulatory fines, penalties, reputational damage, reimbursement or other compensation costs, or additional compliance costs; as well as the inadvertent release of confidential information. Similar adverse consequences could result from cybersecurity breaches affecting issuers of securities in which Private Investments invest; governmental and other regulatory authorities; exchange and other financial market operators, banks, brokers, dealers, and other financial institutions; and other parties. In addition, substantial costs may be incurred by these entities in order to prevent any cybersecurity breaches in the future.

This potential conflict of interest is mitigated by the following: (1) GEIM provides advisory services to GEPT, not each Participating Trust; (2) with the exception of the GE Aerospace Trust, neither of the other two Participating Trusts are obtaining exposure to any new investment by GEPT; (3) those two Participating Trusts only hold interests in the Legacy Illiquid GEPT Assets, which are in the process of liquidating over time; and (4) GEIM is acting as an investment fiduciary and investment manager under the Employee Retirement Income Security Act of 1974 to GEPT and must act solely in the best interests of GEPT, without regard to the interests of GE Aerospace and without favoring one Participating Trust over any other Participating Trust. GEIM supervised persons will devote as much of their time to activities related to the Legacy Illiquid GEPT Assets as they deem necessary and appropriate. They also have responsibility for other non-Client

investments of the GE Aerospace Trust, which may involve substantial time and resources. These activities could be viewed as creating a conflict of interest in that the time and effort of GEIM supervised persons will not be devoted exclusively to the Legacy Illiquid GEPT Assets but will be allocated between Legacy Illiquid GEPT Assets and other business of GE Aerospace and its affiliates. Additionally, GEIM supervised persons share office space with other GE Aerospace employees who provide advisory services to GE Aerospace Trust. GEIM allocates certain salary expenses to its Client in a manner that it considers fair and equitable and in accordance with its internal policies and procedures. Nonetheless, where allocations are based on estimates of time spent, there is the potential for overpayment or underpayment by the Client for such expense. Further, when making decisions about whether a given expense should be allocated to the Client or to the manager, GEIM has an inherent conflict of interest that it seeks to mitigate through its internal policies and procedures.

GEIM requires its supervised persons to provide an annual report of securities holdings and quarterly reports of securities transactions to GEIM’s Chief Compliance Officer (“CCO”). GEIM also requires such persons to receive approval from the CCO prior to personally investing in any initial public offering or private placement.