Alternative Investment Opportunities Through a Slowing Economy

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Ultra-high net worth investors are: (a) Individuals who have a minimum net worth (or joint net worth with their spouse) of USD 25 million or more; (b) Companies, partnerships, trusts or other commercial undertakings, which have financial assets available for investment of not less than USD 25 million; or (c) Governments, supranational organisations, central banks or other national monetary authorities, and state organisations whose main activity is to invest in financial instruments (such as state pension funds). GLOBAL CONSUMER BANK (ASIA PACIFIC AND EMEA): “Citi analysts” refer to investment professionals within Citi Research (“CR”), Citi Global Markets Inc. (“CGMI”), Citi Global Wealth Investments (“CGWI”) and voting members of the Citi Global Investment Committee. Citibank N.A. and its affiliates / subsidiaries provide no independent research or analysis in the substance or preparation of this document. 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Investors should be aware that it is his/her responsibility to seek legal and/or tax advice regarding the legal and tax consequences of his/her investment transactions. If an investor changes residence, citizenship, nationality, or place of work, it is his/her responsibility to understand how his/her investment transactions are affected by such change and comply with all applicable laws and regulationsas and when such becomes applicable. Citibank does notprovide legal and/or tax advice and is not responsible for advising an investor on the laws pertaining to his/her transaction. Disclosures WEALTH OUTLOOK 2023 | MID-YEAR EDITION │ ALTERNATIVE INVESTMENTS | 38