CrestStreet

February 16, 2007

Initial Closing. Investors purchase Units and pay subscription price of $10 per Unit.

March, 2008

Limited Partners receive 2007 CEE tax receipt.

March 27, 2009

Series 2009 Shares of Creststreet Energy Opportunities Fund (the “Fund”) were distributed to Limited Partners as a return of capital distribution. Limited Partners will continue to hold their Partnership Units until such time as the Second Transfer is completed.

Unitholders of the Partnership received 0.20786714666 Series 2009 shares for each Partnership unit held, which represents 70% of the value of a unitholder’s units of the Partnership on May 27, 2009.

Unitholders will continue to hold the same number of Partnership units, the value of which is reduced by the value of the distribution paid. Tax reporting for this distribution will be included on the 2009 T5013A tax reporting issued by the Partnership to all unitholders in March 2010.

The Partnership will continue to hold the remaining 30% of its portfolio which is comprised principally of private securities. The Partnership will endeavor to sell such private securities and will reinvest the net proceeds therefrom on a basis substantially similar to Fund’s investment objectives, except that no additional private securities will be purchased.

May 29, 2011

The Partnership will complete a second transfer of all of its assets to Fund on a tax-deferred basis as soon as it has achieved sufficient liquidity on its private investments to allow the transfer to proceed and, in any event, no later than May 29, 2011.

Upon completion of the second transfer, the Partnership will be dissolved and the Fund shares received will be distributed to unitholders of the Partnership on a tax-deferred basis.