Cross Ocean Bosphorus CLO XII DAC : 03 April 2026

The assets securing the Notes will consist primarily of a portfolio of Senior Secured Loans and Senior Secured Bonds in respect of which Cross Ocean Adviser LLP is acting as investment manager.

Eligibility criteria (includes): it is a Senior Secured Loan, Senior Secured Bond, Second Lien Loan, Unsecured Obligation or High Yield Bond; unless it is a Corporate Rescue Loan or an obligation which is Uptier Priming Debt, it is not an obligation which has a S&P Rating lower than "CCC-"; unless it is a Corporate Rescue Loan or an obligation which is Uptier Priming Debt, it is not an obligation which has a Fitch Rating lower than "CCC- "; it is an obligation of an Obligor or Obligors Domiciled in an Eligible Country; it is not a lease; it is not a Structured Finance Obligation, Synthetic Security, Zero-Coupon Security, Step-Up Coupon Security, Step-Down Coupon Security or Project Finance Loan.

The Issuer anticipates that, by the Issue Date, it will have purchased or committed to purchase Portfolio Assets the Aggregate Principal Balance of which equals approximately €400mln (representing approximately 100.0% of the Target Par Amount).

The Notes are being offered by the Issuer through Morgan Stanley in its capacity as Initial Purchaser of the Notes subject to prior sale.

EU & UK Risk Retention: The Retention Holder (Cross Ocean CLO Fund II HoldCo) will, for so long as any Class of Rated Notes remains outstanding, undertake to subscribe for (on the Issue Date and on the issue date of each additional issuance of Notes subject to and in accordance with the Conditions), hold and retain on an ongoing basis a material net economic interest equal to not less than 5% of the nominal value of each Class of Notes sold or transferred to investors pursuant to Article 6(3)(a) of the EU Securitisation Regulation and UK SECN 5.2.8(1) for the purposes of complying with the Retention Requirements as they apply at the Issue Date (for which purposes, any Classes which rank pari passu with each other shall be treated as a single Class of Notes).

US Risk Retention: The Investment Manager does not intend to retain a risk retention interest contemplated by the US Risk Retention Rules. The transaction has been structured in reliance on the foreign safe harbour exemption to the US Risk Retention Rules.