Masterworks 028, LLC

9.1

Exit Report Under Regulation A

Annual Reports and Special Financial Reports

1

1

9.1

4

9.1

Semiannual Report or Special Financial Report Pursuant to Regulation A

9.1

1

Annual Reports and Special Financial Reports

9.1

9.1

9.1

Semiannual Report or Special Financial Report Pursuant to Regulation A

9.1

Annual Reports and Special Financial Reports

1

Offering circular under Regulation A (Rule 253(g)(2))