Grosvenor Place CLO 10 DAC: 30 March 2026

The assets securing the Notes will consist primarily of a portfolio of Senior Obligations, Mezzanine Obligations and High Yield Bonds, and will be managed by CQS (UK) LLP.

On or about 27 March 2026 (the Issue Date) the Issuer, subject to the satisfaction of certain conditions, 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.

Eligibility criteria (includes): it is a Secured Senior Obligation, a Corporate Rescue Loan, an Unsecured Senior Obligation, a Mezzanine Obligation, a Second Lien Loan or a High Yield Bond, in each case; it is not a lease (including, a financial lease); it is not a Structured Finance Security or a Synthetic Security; it is not a Zero Coupon Security; other than a Corporate Rescue Loan or Uptier Priming Debt, it has a Fitch Rating and a S&P Rating of not lower than “CCC-”; it is not a debt obligation which pays interest only and does not require the repayment of principal; it is an obligation of an Obligor or Obligors Domiciled in a Non-Emerging Market Country (as determined by the Collateral Manager acting on behalf of the Issuer); it is not a Project Finance Loan; it is not an ESG Excluded Obligation or an ESG Prohibited Collateral Obligation.

The Issuer anticipates that by the Issue Date it, or the Collateral Manager on its behalf, will have purchased or committed to purchase Collateral Obligations the Aggregate Principal Balance of which is equal to at least € 352mln, which is approximately 88.0% of the Target Par Amount.

The Notes will be offered by the Issuer through JP Morgan or an affiliate thereof in its capacity as initial purchaser and sole arranger for the offering of such Notes subject to prior sale.

EU/UK Risk Retention: CQS (UK) LLP, in its capacity as Retention Holder, will acquire the Retention Notes on the Issue Date and will undertake to subscribe for and retain the Retention Notes on an ongoing basis.

US Risk Retention: The Collateral Manager has informed the Issuer that neither it nor any of its affiliates intends to purchase or retain any Notes for purposes of complying with the US Risk Retention Rules on or after the Issue Date.