Legato Euro CLO III DAC: 10 May 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 III Designated Activity Company will issue Class A Notes, Class B Notes, Class C Notes, Class D Notes, Class E Notes and Class F Notes, together with Subordinated Notes.

In addition, on the Issue Date, the Issuer will enter into a loan agreement pursuant to which the lenders will make available to the Issuer a facility in an amount of €25,000,000 and a second loan agreement pursuant to which the lenders will make available to the Issuer a facility in an amount of €100,000,000.

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 €385mln, which is approximately 85.0% of the Target Par Amount.

The Notes are being offered by the Issuer through Deutsche Bank Aktiengesellschaft 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").