Key Information Document Purpose This document provides you with key information about this investment product. It is not marketing material. The information is required by law to help you understand the nature, risks, costs, potential gains and losses of this product and to help you compare it with other products.EJF INVESTMENTS LTD ZDP 2025 ( JE00BK1WV903 )This document was published on 01-07-2024 EJF Investments Manager LLCwww.ejfimanager.com Call +44 (0) 20 3752 6774 for more information The Securities and Exchange Commission is responsible for supervising EJF Investments Manager LLC, in relation to this Key InformationDocument. The PRIIP is authorized in Jersey and regulated by the Jersey Financial Services Commission. You are about to purchase a product that is not simple and may be difficult to understand. What is this product? Type: 2025 zero dividend preference shares in EJF Investments Ltdorigination of investments, but the investment process may involve ("the Company"), a closed‐ended investment company incorporated working with third parties to design an investment. Debt investments, in the Bailiwick of Jersey. Save for a payment on the ZDP repayment whether or not listed on a recognised market, may also be purchased date of 18 June 2025 (with the actual payment being made 14 days on an opportunistic basis. thereafter) when the 2025 zero dividend preference shares will beDistribution policy: Holders of 2025 zero dividend preference shares redeemed, the Company is not expecting to pay you although you will not be paid any dividends by the Company. may generate returns through selling your shares through a bank or stockbroker. Shares of the Company are bought and sold via markets. Exchange policy The Existing Shares in issue are currently admitted Typically, at any given time on any given day, the price you pay for a to trading on the Specialist Fund Segment of the Main Market of the share will be higher than the price at which you could sell it. Holders London Stock Exchange. of 2025 zero dividend preference shares will not be paid any dividends Intended retail investor: Intended investors are expected to be by the Company. institutional investors, professional investors, and individuals who are Product objectives: The Company's objective in respect of 2025 professionally-advised and knowledgeable and who (either alone or ZDP shares is to pay the final capital entitlement of 140 pence per in conjunction with an appropriate financial or other adviser) 2025 zero dividend preference share on 18 June 2025. The final understand and are capable of evaluating the risks and merits of such capital entitlement is not a guaranteed repayment amount.investment, and who do not need a guaranteed income or capital protection, and who have sufficient resources to bear any loss (which Investment policy: The Company seeks to achieve its Investment may be equal to the amount invested) which might result from such Objective by pursuing a policy of investing in a diversified portfolio ofinvestment. investments that are derived from the changing financial services landscape (the "Investment Policy"). The Company relies to a materialTerm: The product is a zero dividend preference shares closed- extent on the Manager and the employees of EJF for the sourcing and ended investment company and matures on 18 June 2025. What are the risks and what could I get in return? Risk Indicator We have classified this product as 2 out of 7, which is a low risk class. This rates the potential losses from future performance at a low level, and poor market conditions are very unlikely to impact the capacity to 1 23 4 5 6 7 pay you.Lower risk Higher risk Other risk factors should be considered before investing including concentration, currency, operational, counterparty and liquidity risk. The risk indicator assumes you keep the product until 2025-06-18. This product does not include any protection from future market The actual risk can vary significantly if you cash in performance so you could lose some or all of your investment. at an early stage and you may get back less. If we are not able to pay you what is owed, you could lose your entire investment. The summary risk indicator is a guide to the level of risk of this product compared to other products. It shows how likely it is that the product will lose money because of movements in the markets or because we are not able to pay you. Performance Scenarios The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back. What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted. The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product and a suitable benchmark over the last 10 years. Markets could develop very differently in the future. The stress scenario shows what you might get back in extreme market circumstances. Recommended holding 1 year period Example InvestmentGBP 10 000 Scenarios If you exit after 1 Year Minimum There is no minimum guaranteed return. You could lose some or all of your investment. StressWhat you might get back after costs 7 220 GBPAverage return each year -27.80% Unfavourable What you might get back after costs 9 260 GBPAverage return each year -7.38% Moderate What you might get back after costs 10 470 GBPAverage return each year 4.66% FavourableWhat you might get back after costs 11 420 GBPAverage return each year 14.22% Unfavourable scenario: This type of scenario occurred for an investment between (03/2019 - 03/2020). Moderate scenario: This type of scenario occurred for an investment between (10/2017 - 10/2018). Favourable scenario: This type of scenario occurred for an investment between (12/2020 - 12/2021). What happens if EJF Investments Manager LLC is unable to pay out? As a shareholder of EJF Investments Ltd., you would not be able to make a claim to the Financial Services Compensation Scheme nor any other compensation body about either EJF Investments Manager LLC or the Company in the event that the Company were unable to pay any amounts due to you on the final capital entitlement date of the 2025 zero dividend preference shares. If you sell your shares on the London Stock Exchange, your bank or stockbroker will receive cash on delivery of your shares and should pass that to you. What are the costs? The person advising on or selling you this product may charge you other costs. If so, this person will provide you with information about these costs and how they affect your investment. Costs over time The tables show the amounts that are taken from your investment to cover different types of costs. These amounts depend on how much you invest, how long you hold the product and how well the product does. The amounts shown here are illustrations based on an example investment amount and different possible investment periods. We have assumed: -In the first year you would get back the amount that you invested (0 % annual return). For the other holding periods we have assumed the product performs as shown in the moderate scenario. -GBP 10 000 is invested. Investment GBP 10 000 ScenariosIf you exit after 1 Year Total Costs 0 GBP Annual Cost impact(*)0.0% each year (*) This illustrates how costs reduce your return each year over the holding period. For example, it shows that if you exit at the recommended holding period your average return per year is projected to be 4.66% before costs and 4.66% after costs. Composition of costs One-off costs upon entry or exitIf you exit after 1 year Entry costs 0.0% We do not charge an entry fee. Up to 0 GBP Exit costs0.0% We do not charge an exit fee.Up to 0 GBP Ongoing costs taken each year Management fee and other administrative 0.0% This is an estimate based on actual costs Up to 0 GBP or operating costsover the last year.0.0% of the value of your investment per year.This is an estimate of the costs incurred when Transaction costs we buy and sell the underlying investments forUp to 0 GBPthe product. The actual amount will varydepending on how much we buy and sell. Incidental costs taken under specific conditions Performance fees 0.0% No performance fees are expected.Up to 0 GBP How long should I hold it and can I take my money out early? Recommended holding period: 1 Year Listed funds are designed to be long term investments and the returns from them can be volatile during their life. You should plan to hold your shares until the final capital entitlement date of the 2025 zero dividend preference shares of 18 June 2025. As the Company's shares are admitted to trading on the Specialist Fund Segment of the Main Market of the London Stock Exchange, you can expect to sell them at any time through your bank or stockbroker. How can I complain? As a shareholder of the Company, you do not have the right to complain to the Financial Ombudsman Service (FOS) about the management of the Company. If you have any complaints about the Company or this key information document, you may lodge your complaint: • via email to ejficosec@apexgroup.com • in writing to EJF Investments Ltd, IFC 5, St Helier, Jersey, JE1 1ST. If your complaint is not satisfactorily resolved then you may refer the matter to the Jersey Financial Services Commission. For further information please go to: https://www.jerseyfsc.org. Other relevant information We are required to provide you with further documentation, such as the Company's latest prospectus, annual and semi-annual reports. These documents and other information relating to the Company are available online at www.ejfi.com. Past performance is not indicative of future performance. Past performance: You can download the past performance over the last 3 years from our website at https://ejf.priips-performance-chart.com/JE00BK1WV903/en/KID/ Performance scenarios: You can find previous performance scenarios updated on a monthly basis at https://ejf.priips-scenarios.com/JE00BK1WV903/en/KID/