Enterprise Expansion Fund II

signed

An equity investment of up to EUR 20.0 million and a co-investment line in favour of the Enterprise Expansion Fund II Western Balkans ("ENEF II" or the "fund"), a compartment of the Enterprise Expansion and Impact Platform SA SICAV RAIF (the "platform"), a reserved alternative investment fund ("RAIF") to be registered in Luxembourg and supported by the Western Balkans Enterprise Development and Innovation Facility ("WB EDIF" or "EDIF"). ENEF II will provide equity, quasi-equity and different types of debt financing to growing local SMEs and mid-caps in Albania, Bosnia and Herzegovina, Kosovo, Montenegro, North Macedonia and Serbia. The EBRD will serve as investment advisor to the fund. ENEF II will continue the activities of the Enterprise Expansion Fund that was launched under the WB EDIF in 2014 and managed to invest in 16 companies by the end of its investment period in July 2020.