Castilla Finance DAC: Notice to Noteholders

delay in the completion of the audit of its financial statements

Dublin 1 (pta013/22.05.2024/12:20 UTC+2)

NOTICE TO THE HOLDERS OF THE

EUR 240,000,000 SENIOR NOTES DUE 2024 (ISIN: XS1382379409) AND

EUR 32,727,273 MEZZANINE NOTES DUE 2024 (ISIN: XS2110110090)

(TOGETHER THE "NOTES")

ISSUED BY CASTILLA FINANCE DAC (THE "ISSUER")

THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF NOTEHOLDERS. THIS NOTICE CONTAINS IMPORTANT INFORMATION THAT IS OF INTEREST TO THE REGISTERED AND BENEFICIAL OWNERS OF THE NOTES. IF APPLICABLE, ALL DEPOSITORIES, CUSTODIANS AND OTHER INTERMEDIARIES RECEIVING THIS NOTICE ARE REQUIRED TO EXPEDITE TRANSMISSION HEREOF TO BENEFICIAL OWNERS OF THE NOTES IN A TIMELY MANNER. IF BENEFICIAL OWNERS OF THE NOTES ARE IN ANY DOUBT AS TO THE MATTERS REFERRED TO IN THIS NOTICE, THEY SHOULD CONSULT THEIR STOCKBROKER, LAWYER, ACCOUNTANT OR OTHER PROFESSIONAL ADVISER WITHOUT DELAY.

IF YOU HAVE RECENTLY SOLD OR OTHERWISE TRANSFERRED YOUR ENTIRE HOLDING(S) OF NOTES, YOU SHOULD IMMEDIATELY FORWARD THIS NOTICE 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.

We refer to the Terms and Conditions of the Notes and adopt the definitions set out therein.

Background to the delay on the completion of audit of Issuer financial statements

By way of further background to the matter disclosed in the notice to Noteholders dated 26 April 2024, the Issuer wishes to inform Noteholders that the delay in the completion of the audit of its financial statements for each of the years ended 31 December 2020, 2021 and 2022 is a consequence of the Issuer being unable to reconcile an amount of approximately €2.2 million in 2016 which has increased year on year to an amount of approximately €4 million in 2020.

Work to resolve this issue and to finalise the audits for the years in question remains on-going. As part of this work, the Issuer has requested certain additional information from the Cash Manager and the Cash Manager has provided this information.

The Issuer is currently reviewing this information with its auditors with a view to ascertaining if the amount in question can be reconciled. The Issuer expects this work to take a number of weeks to complete and will update the Noteholders in due course.

Contact Details

For queries relating to the above please contact: ireland@wilmingtontrust.com

This Notice is issued by: Castilla Finance Designated Activity Company on 22 May 2024

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