Notice to a Second Written Procedure -ICON Real Estate Fund III – Suurpelto Ky EUR 4,500,000 (or its equivalent in SEK) Senior Secured Fixed Rate Bonds 2018/2021 EUR BOND – ISIN: SE0011451871; SEK BOND – ISIN: SE0011451608)

Intertrust (Finland) Oy (the “Agent”), acting in its capacity as agent for the Noteholders of the ICON Real Estate Fund III – Suurpelto Ky EUR 4,500,000 (or its equivalent in SEK) Senior Secured Fixed Rate Bonds 2018/2021 (the “Notes”) with the following ISIN codes: EUR BOND – ISIN: SE0011451871; SEK BOND – ISIN: SE0011451608, has on 18 February 2022 initiated a second written procedure (the “Second Written Procedure”) by which Noteholders can vote for or against the Issuer’s waiver requests and acceptance of and entry into a contemplated property sale (the “Request”)

The formal notice with more information on the Second Written Procedure, the Request and how to participate can be downloaded from the link above. A copy of the Indicative Offer (schedule 1), can be requested separately by contacting the e-mail addresses set out below.

The formal notice for the Written Procedure has been sent by registered mail to Noteholders (direct registered owners and registered authorised nominees) in accordance with the Terms and Conditions of the Notes.

To be eligible to participate in the Written Procedure, a person must fulfil the formal criteria for being a Noteholder on 25 February 2022 (the “Record Date”). This means that the person must, on the Record Date, be registered on a book-entry account with Euroclear Sweden AB, being the CSD, as a direct registered owner or authorised nominee with respect to one or several Notes.

If you have already voted in the First Written Procedure and confirmed that the given vote shall constitute a vote also for this Second Written Procedure, no further actions is required from you. These votes are eligible in the voting calculation of the Second Written Procedure.

The Agent must receive the Voting Form no later than 13:00 (CET), 7 March 2022, by regular mail, via courier or e-mail to the addresses indicated under Section 3.6 of the Request. Votes received thereafter may be disregarded.

For further details of the Request and the background and rationale relating thereto, please see the notice to a Second Written Procedure.

For further questions:

to the Agent, please contact the Agent at finland@intertrustgroup.com, with a copies to

anne-marie.malmberg@intertrustgroup.com or mobile +358 50 337 7919

simo.akerberg@intertrustgroup.com or mobile +358 50 414 5969