TIDMSLFR

RNS Number : 3063U

SLF Realisation Fund Limited

27 March 2023

SLF Realisation Fund Limited

(the "Company")

LEI: 2138007S3YRY3IUU4W39

Asset Realisations

The Board of the Company is pleased to announce that within the Ordinary Share Class portfolio, Borrowers 1* & 2*, two anaerobic digestions plants located in Teesside have refinanced. The positions were restructured and sold.

Borrower 1 repaying the fund GBP6.3 million plus the potential for a further GBP0.5 million of deferred consideration to be adjusted for the completion balance sheet.

Borrower 2 repaying the fund GBP3.2 million plus the potential for a further GBP0.5 million of deferred consideration again to be adjusted for the completion balance sheet.

A further additional consideration is payable should the plant achieve high output levels under the new owners over the coming 24 months, though this appears unlikely at present.

They had a carrying values of GBP10.6 million and GBP9.1 million respectively as at 30 June 2022. The reduction in value reflects significant shortcomings uncovered during due diligence and the failure of the plants to effectively increase output since June 2022.

*by reference to the half-yearly financial report to 30 June 2022.

For further information please contact:

 
SLF Realisation Fund Limited        Brett Miller via the Company 
                                     Secretary 
BNP Paribas S.A., Guernsey Branch 
 Company Secretary                  01481 750 853 
Winterflood Securities Limited 
 Neil Langford                      020 3100 0000

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March 27, 2023 04:40 ET (08:40 GMT)

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