Jubilee CLO 2014-XII (Re-Finance): 19 January 2017

The Original Notes were issued on 15 May 2014. On or about 17 January 2017 the Issuer will, subject to certain conditions, redeem the Refinanced Notes by issuing €302mln Class A Notes, €51mln Class B1 Notes and €5mln Class B2 Notes.

The Refinancing Notes will be issued and secured pursuant to an amendment and supplemental Trust Deed dated on or about the Refinancing Date, made between the Issuer and Delaware Trust Company, in its capacity as trustee.

The Refinancing Notes are being offered by the Issuer through Morgan Stanley & Co International plc or an affiliate thereof in its capacity as initial purchaser of the Refinancing Notes.