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Grandeur on Rondure

Rondure’s products will be more complementary than competitive with our existing products. I would describe Rondure’s investment focus as more “core” as compared to Grandeur Peak’s “growth” bent, and Rondure will not impact our liquidity constrained products as the new firm will focus on companies above $1.5 billion market‐cap.

www.grandeurpeakglobal.com/documents/grandeur-peak-global-opportunities-fund-sar-20161031.pdf Page 9

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