Provision 4 of the UK Corporate Governance Code

2 July 2020

HIGHBRIDGE TACTICAL CREDIT FUND LIMITED

("HTCF" or the "Company")

Provision 4 of the UK Corporate Governance Code

At the EGM of the Company held on 20th February marginally more than 20% of the votes cast, voted against the resolution to dis-apply pre-emption rights in connection with a placing programme. The Board has determined that the majority of those who voted against the resolution either followed the advice of their external voting consultants or outsourced their voting to those proxy agencies. The Board understands that as a matter of principle, voting consultants will not support the dis-application of pre-emption rights based on the potential dilution risk associated with such a resolution being passed.

The Board remains of the view that the resolution passed in February was in the best interests of shareholders and is key, if the Company is to achieve its target size before the end of 2020.

For further information please contact:

LEI: 213800397SYHLYFH5961