Legato Euro CLO II DAC: 11 January 2026

The assets securing the Debt will consist of a portfolio of primarily Senior Obligations, Mezzanine Obligations and High Yield Bonds, and will be managed by LGT Capital Partners (UK) Limited.

Legato Euro CLO II Designated Activity Company (the Issuer) will issue Class A Senior Secured Floating Rate Notes due 2040, Class B Senior Secured Floating Rate Notes due 2040, Class C Senior Secured Deferrable Floating Rate Notes due 2040, Class D Senior Secured Deferrable Floating Rate Notes due 2040, Class E Senior Secured Deferrable Floating Rate Notes due 2040, Class F Senior Secured Deferrable Floating Rate Notes due 2040, and Subordinated Notes due 2040.

In addition, on the Issue Date, the Issuer will enter into a loan agreement pursuant to which the Class A lender will make available to the Issuer a senior secured floating rate facility in an aggregate amount of €130,000,000. This Class A Facility will be fully drawn on the Issue Date.

The Issuer anticipates that, by the Issue Date, it will have purchased or committed to purchase Collateral Obligations the Aggregate Principal Balance of which is equal to at least €360mln, which is approximately 90.0% of the Target Par Amount.

The Notes (including the Retention Notes) are being offered by the Issuer through Barclays Bank PLC in its capacity as Initial Purchaser of the Notes.

EU/UK Risk Retention: The Retention Holder (Glyde Sec Limited) will agree to acquire on the Issue Date and retain, for so long as any Rated Debt remains outstanding, a material net economic interest equal to not less than 5% of the Principal Amount Outstanding of each Class of Debt then outstanding (where for such purpose the Class A Loan and the Class A Notes shall be considered a single Class) in accordance with and pursuant to paragraph 3(a) of Article 6 of the EU Securitisation Regulation and the UK SECN 5.2.8R(1)(a).

US Risk Retention: The Retention Holder intends to satisfy the US Risk Retention Rules, either directly or through a "majority-owned affiliate", by purchasing and retaining not less than 5% of the principal amount of each Class of Debt issued by the Issuer on the Issue Date (constituting an "eligible vertical interest").