Ares European CLO XXIV DAC: 17 April 2026

The assets securing the Debt will consist primarily of a portfolio of Senior Obligations, Mezzanine Obligations and High Yield Bonds, and will be managed by Ares Management Limited.

Ares European CLO XXIV DAC will issue Class A Notes, Class B Notes, Class C Notes, Class D Notes, Class E Notes, Class F Notes and Subordinated Notes on 15 April 2026.

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 €400mln, which is approximately 100.00% of the Target Par Amount.

The Notes other than the Retention Notes and certain of the Subordinated Notes being sold on the Issue Date are being offered by the Issuer through Citigroup Global Markets Limited or an Affiliate thereof in its capacity as placement agent of such Notes.

EU & UK Risk Retention: Ares Global Loan Funding I Limited will act as Retention Holder for the purposes of the EU/UK Retention Requirements and will undertake, for so long as any Notes are outstanding, to retain a material net economic interest in the first loss tranche of not less than 5% of the nominal value of the securitised exposures through the purchase and retention of Subordinated Notes.

US Risk Retention: The Retention Holder will retain an "eligible horizontal residual interest" such that the US Retained Interest satisfies the requirements for compliance with the US Risk Retention Rules