Proposed Extension of Unsecured Loan Notes

EPE Special Opportunities Ltd

Proposed Extension of Unsecured Loan Notes

EPE Special Opportunities Ltd ("ESO") announces that pursuant to clause 5.1(b) of the Loan Note Instrument dated 23 July 2015 and amended on 20 July 2022 and 17 July 2024 (the "Loan Note Instrument"), ESO has notified holders of its 8% Unsecured Loan Notes due 2025 with ISIN GB00BF0XD821 (the "Notes") of its intention to extend the final repayment date of the Notes to the eleventh anniversary of the date of the Loan Note Instrument.

Accordingly, provided ESO is in compliance with the Loan Note Instrument as at 23 July 2025:

i. pursuant to clause 5.1(b) of the Loan Note Instrument, the final repayment date of the Notes will, with effect from 23 July 2025, be extended to the eleventh anniversary of the date of the Loan Note Instrument, being 23 July 2026; and

ii. in accordance with clause 4.5 of the Loan Note Instrument, the interest rate in respect of the Notes applicable to the period from (but not including) 23 July 2025 until (and including) 23 July 2026 will, with effect from 23 July 2025, increase to 8.5 per cent per annum.

The person responsible for releasing this information on behalf of ESO is Amanda Robinson of Langham Hall Fund Management (Jersey) Limited.

Enquiries: