Harvest CLO XL DAC: 10 June 2026

The assets securing the Notes will consist of a portfolio of Senior Secured Loans, Senior Secured Bonds, Second Lien Loans, Unsecured Senior Obligations, Mezzanine Obligations, PIK Obligations, Corporate Rescue Loans and High Yield Bonds, and will be managed by portfolio manager Investcorp Credit Management EU Limited.

Harvest CLO XL Designated Activity Company (the Issuer) will, subject to certain conditions, issue Class A Senior Secured Floating Rate Notes due 2039, Class B Senior Secured Floating Rate Notes due 2039, Class C Senior Secured Deferrable Floating Rate Notes due 2039, Class D Senior Secured Deferrable Floating Rate Notes due 2039, Class E Senior Secured Deferrable Floating Rate Notes due 2039, Class F Senior Secured Deferrable Floating Rate Notes due 2039 and Subordinated Notes due 2039.

The Notes are being offered by the Issuer through Merrill Lynch International, in its capacity as arranger and as initial purchaser of the offering of such Notes.

The Issuer anticipates that, by the Issue Date, it will have purchased or committed to purchase Collateral Debt Obligations the Aggregate Principal Balance of which equals at least €334mln (representing 83.5% of the Target Par Amount).

EU Risk Retention: The Portfolio Manager (Investcorp Credit Management EU Limited) shall act as an "originator" for the purposes of the Retention Requirements and will subscribe for on the Issue Date (and each subsequent date of additional issuance of Notes) and hold on an ongoing basis and on its own account, for so long as any Class of Notes remains outstanding, a material net economic interest in the transaction which will be comprised of not less than 5.0% of the Principal Amount Outstanding of each Class of Notes.

US Risk Retention: The Retention Holder does not intend to retain a risk retention interest as contemplated by the US Risk Retention Rules in connection with the transaction and, accordingly, the transaction and the Notes have been structured in reliance on the Foreign Safe Harbour.