Share Repurchase Programme

FOR IMMEDIATE RELEASE

1 June 2021

Blackstone Loan Financing Limited

("the Company")

Share Repurchase Programme

The Company announces that it has appointed its joint brokers Winterflood Investment Trusts and N+1 Singer Capital Markets Limited to manage a new share repurchase programme (the "Share Repurchase Programme") to repurchase ordinary shares within certain pre-set parameters (including the existing discount management policy regarding the repurchase of shares as set out in the Company's prospectus issued on 23 November 2018). This follows the expiry of the previous share repurchase programme on 26 May 2021 (as announced on 12 March 2021). The Share Repurchase Programme will commence today and will run until the Company's forthcoming AGM, to be held on 23 July 2021.

Any shares purchased pursuant to the Share Repurchase Programme will count towards the Company's general buy back authority of 14.99% of the Company's issued share capital, as approved at the Company's 2020 AGM.

To commence the programme the Company has instructed its brokers to buy up to 5 million shares at EUR 0.75 per share. If shareholders have any interest in selling their shares they should contact their usual contact at Winterflood or N+1 Singer by no later than 2:00pm on 3 June 2021. If there is insufficient demand to sell shares at this price the Company reserves the right to increase the bid price.

The information contained within this announcement constitutes inside information.

The person responsible for arranging for the release of this announcement on behalf of the Company is Nicole Troy of BNP Paribas Securities Services S.C.A., Jersey Branch, Company Secretary.

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