1988 Asset MGMT Euro CLO 1 DAC: 18 July 2026

The assets securing the Debt will consist primarily of a portfolio of Senior Obligations, Mezzanine Obligations and High Yield Bonds managed by 1988 CLO LP.

On 16 July 2026 (the Issue Date), 1988 Asset MGMT Euro CLO 1 DAC, 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.

The Notes (other than certain Subordinated Notes to be purchased by the Retention Holder directly from the Issuer on the Issue Date) are being offered by the Issuer through J.P. Morgan Securities plc, in its capacity as placement agent of the offering of such Notes subject to certain conditions.

The Issuer anticipates that, by the Issue Date, it will have purchased or committed to purchase Collateral Obligations, the Aggregate Principal Balance of which equals at least €360mln, representing 90% of the Target Par Amount.

EU & UK Risk Retention: On the Issue Date the Retention Holder, 1988 CLO LP, agrees to acquire and retain on an ongoing basis a material net economic interest in the first loss tranche by way of holding Subordinated Notes with an aggregate Principal Amount Outstanding at any time of not less than 5% of the Collateral Principal Amount, for the purposes of complying with the EU/UK Retention Requirements as they apply at the Issue Date.

US Risk Retention: No party intends to purchase or retain any Notes for the purposes of complying with the US Risk Retention Rules on or after the Issue Date.