DTZ Investors (Real Estate)

_{COMPLIANCE STATEMENT}

_{DTZ Investors complies with applicable laws and regulations. The firm operates a Global Code of Ethics for its businesses that includes its investment and asset management operations. The Board establishes the compliance framework for its entities and is implemented by Senior Management. In addition, the Group Compliance Manager works to ensure compliance of the firm’s regulated activi¬ties and retains third-party auditors to monitor compliance.}