BlueMountain CLO 2014-1 Re-Issue: 03 February 2017

On the Original Closing Date, BlueMountain CLO 2014-1 Ltd issued Class A Senior Secured Floating Rate Notes due 2026, Class B-1 Senior Secured Floating Rate Notes due 2026, Class B-2 Senior Secured Fixed Rate Notes due 2026, Class C Senior Secured Deferrable Floating Rate Notes due 2026, Class D Senior Secured Deferrable Floating Rate Notes due 2026, Class E Senior Secured Deferrable Floating Rate Notes due 2026, Class F Senior Secured Deferrable Floating Rate Notes due 2026 and Subordinated Notes due 2026 .

On 30 January 2017 (the "Refinancing Date"), the Issuer will refinance the Class A Notes, the Class B-1 Notes, the Class B-2 Notes and the Class C Notes. The Class D Notes, the Class E Notes, the Class F Notes and the Subordinated Notes are not being refinanced.