Successful Realisation of Investment in Max Energy

11 September 2025

Riverstone Credit Opportunities Income Plc

Successful Realisation of Investment in Max Energy

Riverstone Credit Opportunities Income ("RCOI" or the "Company"), the LSE-listed energy infrastructure and energy-transition credit investor, is pleased to announce the successful realisation of its sustainability-linked term loan to Max Energy Industrial Holdings US LLC ("Max Energy") at a 19 per cent gross IRR (15 per cent net IRR) and 1.49x gross MOIC (1.39x net MOIC).

In December 2022, RCOI committed $5.0 million in a first lien sustainability-linked loan to Max Energy. Max Energy is developing the first carbon-neutral crude oil export terminal on the Gulf Coast of Texas. As at 30 June 2025, the loan to Max Energy reflected 11.3 per cent of RCOI's overall commitments.

The Company remains focused on the realisation of RCOI's remaining assets and returning capital to shareholders. Since the Company's AGM on 22 May 2024 and adoption of the Wind-down Investment Policy, the Company has redeemed approximately 41 per cent of the Company's Ordinary Shares with 49,066,161 Ordinary Shares outstanding following the most recent redemption on 27 June 2025.

Following this realisation, the Company's portfolio is comprised of five remaining positions. Furthermore, the Company has an estimated unencumbered cash and cash equivalents position of approximately $10.9 million.

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RCOI lends to companies that build and operate the infrastructure used to generate, transport, store and distribute both renewable and conventional sources of energy, and companies that provide services to that infrastructure. RCOI is strategically repositioning towards companies seeking to facilitate the energy transition by decarbonizing the energy, industrial and agricultural sectors, building sustainable infrastructure and reducing or sequestering carbon emissions. The Company seeks to ensure that its investments are having a positive impact on climate change by structuring each deal as either a green loan or a sustainability-linked loan, documented using industry best practices.

As previously announced, on January 2, Riverstone Holdings LLC, and their affiliate Riverstone Investment Group (collectively, "Riverstone") entered into a sub management agreement for RCOI with Breakwall Capital LP. Breakwall is an independent asset manager regulated by the SEC as a Registered Investment Advisor. It is owned and operated by the former members of the Riverstone Credit Partners team.

For further details, see https://www.riverstonecoi.com/.

Neither the contents of RCOI's website nor the contents of any website accessible from hyperlinks on the websites (or any other website) are incorporated into, or forms part of, this announcement.