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Man GLG Euro CLO VI DAC: 31 March 2020

The assets securing the notes will consist predominantly of a portfolio of Secured Senior Loans, Secured Senior Bonds, Unsecured Senior Obligations, Mezzanine Obligations, High Yield Bonds, Corporate Rescue Loans and Second Lien Loans, and will be managed by GLG Partners LP.

The Investment Manager is authorised and regulated by the FCA and is engaged in providing investment advice and execution service to select institutions and high net worth individuals worldwide, specialising in discretionary asset management. As at 31 December 2019, GLG Partners LP and GLG LLC (together Man GLG), an investment division of Man Group plc, had funds under management of approximately USD 31.6 billion.

Eligibility criteria (includes): it is a Secured Senior Loan, a Secured Senior Bond, a Corporate Rescue Loan, an Unsecured Senior Obligation, a Mezzanine Obligation, a Second Lien Loan or a High Yield Bond; it is not a lease; it is not a Zero Coupon Security; it is not a Structured Finance Security, a pre-funded letter of credit or a Synthetic Security; it has a S&P Rating of not lower than “CCC-” and a Moody’s Default Probability Rating of not lower than “Caa3” (in each case unless it is a Corporate Rescue Loan); it is an obligation of an Obligor or Obligors Domiciled in a Non-Emerging Market Country (as determined by the Investment Manager acting on behalf of the Issuer); it is not a Project Finance Loan; the purchase price of such obligation is not less than 60.0% of the outstanding principal balance thereof.

The Issuer anticipates that, by the Issue Date, the Investment Manager on its behalf will have purchased or committed to purchase Collateral Debt Obligations the Aggregate Principal Balance of which will equal or exceed at least €280mln, representing approximately 80.0% of the Target Par Amount.

The notes will be offered by the Issuer through Barclays Bank plc (or an affiliate thereof) in its capacities as sole arranger and initial purchaser of the offering of such notes subject to prior sale.

EU Risk Retention: The Investment Manager (in its capacity as the Retention Holder) will acquire on the Issue Date and hold on an ongoing basis not less than 5% of the outstanding nominal value of each Class of Notes, with the intention of complying with the EU Retention and Transparency Requirements.

US Risk Retention: While the Investment Manager does not expect the U.S. Risk Retention Rules to apply to this transaction, nonetheless the Retention Holder will purchase the U.S. Retention Interest on the Issue Date and retain the U.S. Retention Interest in accordance with the U.S. Risk Retention Rules (to the extent applicable). If the Investment Manager is not required to comply with the U.S. Risk Retention Rules, there can be no assurance that the Retention Holder will continue to retain the U.S. Retention Interest.