Company: CGCT
Filing Date: 2025-03-21
Form Type: S-1/A
Source: 0001104659-25-026623
Chunk: 302

Company: Cartesian Growth Corp III
Filing Date: 2025-03-21
Form: S-1/A
Chunk 302
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 of which are subject to change. This summary does not deal with all possible
tax consequences relating to an investment in our Class A ordinary shares and warrants, such as the tax consequences under state,
local and other tax laws.

Prospective investors should consult their advisors
on the possible tax consequences of investing in our securities under the laws of their country of citizenship, residence or domicile.

Cayman Islands Taxation

The following is a discussion on certain Cayman
Islands income tax consequences of an investment in our securities. The discussion is a general summary of present law, which is subject
to prospective and retroactive change. It is not intended as tax advice, does not consider any investor’s particular circumstances,
and does not consider tax consequences other than those arising under Cayman Islands law.

Under Existing Cayman Islands Laws

The Cayman Islands currently levies no taxes
on individuals or corporations based upon profits, income, gains, or appreciation and there is no taxation in the nature of inheritance
tax, gift tax or estate duty. There are no other taxes likely to be material to us levied by the Government of the Cayman Islands except
for stamp duties which may be applicable on instruments executed in, or, after execution, brought within the jurisdiction of the Cayman
Islands. No stamp duty is payable in the Cayman Islands on the issue of shares by, or any transfers of shares of, Cayman Islands companies
(except those which hold interests in land in the Cayman Islands). There are no exchange control regulations or currency restrictions
in the Cayman Islands.

Payments of dividends and capital in respect
of our securities will not be subject to taxation in the Cayman Islands and no withholding will be required on the payment of a dividend
or capital to any holder of the securities nor will gains derived from the disposal of the securities be subject to Cayman Islands income
or corporate tax.

No stamp duty is payable in respect of the issue
of the warrants, the units or the Class A ordinary shares. An instrument of transfer in respect of a warrant, a unit or a Class A
ordinary share is stampable if executed in or brought into the Cayman Islands.

The company has been incorporated under the laws
of the Cayman Islands as an exempted company with limited liability and, as such, has applied for and received an undertaking from the
Financial Secretary of the Cayman Islands in a form substantially similar to the following on November 1, 2024:

<div align='center'>“The Tax Con