Investor update Q1 2024

 Notice to the investors of Pangea Blockchain International SICAV i.L.

In February 2024, Pangea Blockchain Interna-tional SICAV (i.L.) concluded a Sales Advisory Agreement with Blockchain Investment Advisory Sagl (BIA) acting through William Duplessie. In addition, a Sales Committee has been appointed in order to monitor the sales process in order to provide additional safeguards and comfort for the investors in the interest of a swift liquidation at best terms and in the best interest of the investors.

The liquidator and the Sales Committee are in constant exchange with the Sales Advisor in order to structure and intensively pursue the sale of the assets of the fund.

As already announced in the last Investor Up-date, the liquidator evaluates the possibility of distribution of free liquidity to the fund inves-tors registered with the former custodian bank and in accordance with the share register of the custodian. It is expected that a substantial distribution can be made in June 2024 once all formalities and requirements from a corporate law and accounting perspective of both the Cayman Islands and Liechtenstein have been clarified and implemented.

The annual accounts 2022 of Pangea Blockchain International Ltd. Cayman, the 100% subsidiary of Pangea Blockchain SICAV i.L., have been finalized. On that basis, the financial statements for the business year 2022 for Pangea Blockchain International SICAV and its sub-fund Pangea Blockchain Fund are now being established and audited and will be published as soon as available.

The Liquidator