IRISH STOCK EXCHANGE ANNOUNCEMENT. For Immediate Release 17 November 2015

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1 IRISH STOCK EXCHANGE ANNOUNCEMENT For Immediate Release 17 November ,500,000 Class S Senior Floating Rate Notes due 2023 (ISIN: XS ) 102,750,000 Class A-1-D Senior Delayed Draw Floating Rate Notes due ,300,000 Class A-1-T Senior Secured Floating Rate Notes due 2023 (ISIN: XS ) 33,000,000 Class A-2 Senior Variable Funding Floating Rate Notes due 2023 (ISIN: XS ) 22,500,000 Class B Senior Secured Floating Rate Notes due 2023 (ISIN: XS ) 18,000,000 Class C Deferrable Secured Floating Rate Notes due 2023 (ISIN: XS ) 12,200,000 Class D Deferrable Secured Floating Rate Notes due 2023 (ISIN: XS ) 14,000,000 Class E Deferrable Secured Floating Rate Notes due 2023 (ISIN: XS )(the Rated Notes ) 32,250,000 Subordinated Notes due 2023 (ISIN: XS )(the Subordinated Notes ) (the Rated Notes and the Subordinated Notes are together, the Notes ) Request to vote on Redemption in Whole Pursuant to Condition 7(b)(i)(A) (Redemption at the Option of the Subordinated Noteholders) of the Notes (as defined below) The Issuer, certain holders of the Subordinated Notes and BNP Paribas Asset Management S.A.S. (the Collateral Manager ) together propose the redemption of the Notes pursuant to Condition7(b)(i)(A) (Redemption at the Option of Subordinated Noteholders) of the Notes. Legal and beneficial holders of the Subordinated Notes are invited to complete the Redemption Notice attached as Annex 1 to this Notice if they wish to exercise their right under Condition 7(b)(i)(A) (Redemption at the Option of Subordinated Noteholders) to vote to redeem the Notes. The completed Annex 1 must be received by Euroclear/Clearstream, Luxembourg by no later than 12 noon (London time), 27 November In order to avoid the possibility of legal restrictions on the ability to sell any Notes other than the Subordinated Notes, holders of any other Notes should not contact the Issuer, and if any decision is made to exercise the redemption right, the holders of the other Notes will be notified in accordance with the terms of Condition 7(b)(iii) (Terms and Conditions of Redemption at the Option of the Noteholders) of the Notes. Terms not defined in this notice shall have the meaning given to them in the terms and conditions of the Notes. In accordance with normal practice, the Trustee expresses no opinion on the merits of the matters set out in this notice but has authorised it to be stated that it has no objection to this notice being submitted for consideration.

2 Best regards, For and on behalf of: THE ABOVE ANNOUNCEMENT IS A COMMUNICATION TO THE MARKET. NOTHING IN THIS ANNOUNCEMENT CONSTITUTES AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES OR ANY OTHER JURISDICTION. THIS ANNOUNCEMENT DOES NOT CONSTITUTE A PROSPECTUS OR A PROSPECTUS EQUIVALENT DOCUMENT. THIS ANNOUNCEMENT HAS BEEN DELIVERED TO YOU ON THE BASIS THAT YOU ARE A PERSON INTO WHOSE POSSESSION THIS ANNOUNCEMENT MAY BE LAWFULLY DELIVERED IN ACCORDANCE WITH THE LAWS OF THE JURISDICTION IN WHICH YOU ARE LOCATED AND YOU MAY NOT, NOR ARE YOU AUTHORISED TO, DELIVER THIS ANNOUNCEMENT TO ANY OTHER PERSON. THE DISTRIBUTION OF THIS ANNOUNCEMENT IN JURISDICTIONS MAY BE RESTRICTED BY LAW AND THEREFORE PERSONS INTO WHOSE POSSESSION THIS ANNOUNCEMENT COMES SHOULD INFORM THEMSELVES ABOUT, AND OBSERVE, SUCH RESTRICTIONS. ANY FAILURE TO COMPLY WITH THE RESTRICTIONS MAY CONSTITUTE A VIOLATION OF THE SECURITIES LAWS OF ANY SUCH JURISDICTION. 2

3 Annex 1 REDEMPTION NOTICE [ ] 2015 To: 4 th Floor, Hanover Building Windmill Lane, Dublin 2, Ireland Tel: co.sec.dublin@bnymellon.com Attention: The Directors (the Issuer ) BNY Mellon Corporate Trustee Services Limited One Canada Square London E14 5AL Fax: co.sec.dublin@bnymellon.com Attention: Trustee Administration Manager, Versailles CLO (the Trustee ) The Bank of New York Mellon One Canada Square London E14 5AL bnpparibas@bnymellon.com (the Principal Paying Agent and the Collateral Administrator ) The Bank of New York Mellon (Luxembourg) S.A. Vertigo Building - Polaris 2-4 rue Eugène Ruppert L-2453 Luxembourg Fax: Luxmb_SPS@bnymellon.com (the Registrar and the Transfer Agent ) BNP Paribas Asset Management S.A.S. (the Collateral Manager ) 7,500,000 Class S Senior Floating Rate Notes due 2023 (ISIN: XS ) 102,750,000 Class A-1-D Senior Delayed Draw Floating Rate Notes due ,300,000 Class A-1-T Senior Secured Floating Rate Notes due 2023 (ISIN: XS ) 33,000,000 Class A-2 Senior Variable Funding Floating Rate Notes due 2023 (ISIN: XS ) 22,500,000 Class B Senior Secured Floating Rate Notes due 2023 (ISIN: XS ) 18,000,000 Class C Deferrable Secured Floating Rate Notes due 2023 (ISIN: XS ) 12,200,000 Class D Deferrable Secured Floating Rate Notes due

4 (ISIN: XS ) 14,000,000 Class E Deferrable Secured Floating Rate Notes due 2023 (ISIN: XS )(the Rated Notes ) 32,250,000 Subordinated Notes due 2023 (ISIN: XS )(the Subordinated Notes ) (the Rated Notes and the Subordinated Notes are together, the Notes ) This is a Redemption Notice as referred to in Condition 7(b)(i)(A) (Redemption at the Option of the Subordinated Noteholders) of the Notes. Principal Amount of Subordinated Notes beneficially owned by [ ] Account number at [Euroclear/Clearstream, Luxembourg]: [ ] Custodian: [Bank of New York Mellon] Position: [ ] I, the Subordinated Noteholder referred to above, hereby certify that the above named Subordinated Noteholder is the beneficial owner of the principal amount of Subordinated Notes set out above and advise the Issuer that I wish to exercise the option to redeem the Notes granted pursuant to in paragraph (b)(i)(a) of Condition 7 (Redemption) on 12 January 2016 as the scheduled Redemption Date. I acknowledge my understanding that the Notes will only be redeemed pursuant to Condition 7(b)(i)(A) (Redemption at the Option of the Subordinated Noteholders), at the direction of the holders of not less than 66 per cent. of the aggregate principal amount of the Subordinated Notes outstanding (excluding any Subordinated Notes held by the Collateral Manager or any of its Affiliates). By executing this Redemption Notice below, I authorise the clearing system at which the account specified above (the Account ) is maintained to disclose to each of the addressees of this Notice confirmation that I am the beneficial owner (as the case may be) of the abovespecified Subordinated Notes in the Account. By executing this Redemption Notice below, I also authorise the blocking of the Notes until 12 January Terms not defined in this notice shall have the meaning given to them in the terms and conditions of the Notes. Subordinated Noteholders should also note that some of the Collateral Debt Obligations in the Portfolio may be sold to the Collateral Manager (or an entity that is an Affiliate of the Collateral Manager or otherwise related to the Collateral Manager), provided that such sale will take place on an arm s length basis in accordance with (and as provided in) the Collateral Management Agreement. This notice, including any non-contractual obligations arising out of or in connection with this notice and any dispute, controversy, proceedings or claims of whatsoever nature arising out of or in any way relating to this notice shall be governed by, and shall be construed in accordance with, English law. 4

5 Yours faithfully... Authorised signatory of [ ][Insert name of holder] as beneficial owner of the Subordinated Notes referred to above or the duly authorised attorney or agent thereof 5