CIX Capital International Designated Activity Company: Series 442 Partial Optional Redemption Notice

Dublin (pta027/20.04.2022/18:15 UTC+2) THIS NOTICE CONTAINS IMPORTANT INFORMATION OF INTEREST TO THE OWNERS OF THE NOTES. IF APPLICABLE, ALL DEPOSITARIES, CUSTODIANS AND OTHER INTERMEDIARIES RECEIVING THIS NOTICE ARE REQUESTED TO PASS THIS NOTICE TO SUCH OWNERS IN A TIMELY MANNER.

If you are in any doubt as to the action you should take, you are recommended to seek your own financial, legal or other advice immediately from your stockbroker, bank manager, solicitor, accountant or other appropriately authorised independent financial adviser.

If you have recently sold or otherwise transferred your entire holding(s) of the Notes referred to below, you should immediately forward this document to the purchaser or transferee or to the stockbroker, bank or other agent through whom the sale or transfer was effected for transmission to the purchaser or transferee.

NOTICE FROM THE ISSUER TO NOTEHOLDERS

CIX CAPITAL INTERNATIONAL DAC
(the "Issuer")

CIX AHS Multifamily Income Bond 1 (Series 442) Notes due 2030
ISIN: XS2319865700 COMMON CODE: 231986570
(the "Notes" or the "Series" and the holders thereof the "Noteholders")

Capitalised terms used but not otherwise defined in this notice shall have the meanings ascribed to them in the Series Memorandum dated 12 April 2021 and the terms and conditions of the Notes (the "Conditions") as same may be amended and / or supplemented from time to time.

NOTICE OF PARTIAL OPTIONAL REDEMPTION

As disclosed in the Series Memorandum, the proceeds of the Notes were invested in non-voting limited partner interests (the "LP Interests") in CIX AHS Multifamily Income Fund, L.P (the "Partnership"). The General Partner of the Partnership, CIX Capital GP (the "General Partner"), has advised that one of the properties in which the Partnership had invested has been sold and it considers that rather than reinvest the proceeds in other properties, it would be in the interests of the Issuer as holder of the LP Interests, to effect a partial return of the capital contributed in respect of the LP Interests (the "Capital Return").

The Issuer hereby notifies Noteholders that in accordance with Condition 2.10.2 of the Notes, it has received a direction from the Programme Structurer to utilize the proceeds of the Capital Return to effect an optional partial redemption of the Notes. The Programme Structurer has further directed the Issuer in accordance with Condition 6.4.1 of the Notes to enter into a redemption agreement with the Partnership and its General Partner in order to agree to the General Partner exercising its discretion to partially redeem the LP Interests to effect the Capital Return.

The Notes will be redeemed in part by a payment of USD 300.94 in respect of each Note on 6 May 2022 (the "Partial Redemption Date").

Following the optional partial redemption, the outstanding principal amount of each Note will be reduced from USD 1,000 per Note to USD 699.06 per Note.

Noteholders should note that following the optional partial redemption, the Calculation Amount of each Note for the purposes of the accrual of interest in accordance with Special Condition 2.2 will be the reduced outstanding principal amount of USD 699.06. Accordingly, in respect of the Interest Period commencing on 1 April 2022 and ending on 30 June 2022, interest on each Note will accrue (i) in respect of the period from 1 April and ending on and including the Partial Redemption Date on the basis of a Calculation Amount of USD 1,000 per Note and (ii) in respect of the period from but not including the Partial Redemption Date to 30 June 2022 on the basis of a Calculation Amount of USD 699.06. The payment of any Interest Amount is subject to the Conditions.

FURTHER INFORMATION

For further information with regard to this notice, please contact:

FlexFunds LTD
noteholder.support@flexfunds.com

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