Blackstone Loan Regulatory News (BGLF)

26 July 2023

Blackstone Loan Financing Limited

("the Company")

Board Update

As previously announced, at the Annual General Meeting of the Company held today, Charlotte Valeur and Gary Clark did not stand for re-election so have retired from the Board of Directors of Blackstone Loan Financing Limited and Giles Adu was appointed as a Director at a Board Meeting held after the Annual General Meeting. The Board thanks Charlotte and Gary for their nine years of service.

Following Ms Valeur's retirement from the Board, Steven Wilderspin has been appointed Chair of the Board of Directors and also of the Management Engagement Committee.

Mr Adu has replaced Mr Wilderspin as Chair of the Risk Committee and Mr Clark as Chair of the Remuneration and Nomination Committee.

Mark Moffat has replaced Mr Clark as Chair of the NAV Committee and Senior Independent Director.

Heather MacCallum remains as Chair of the Audit Committee but has indicated that she wishes to step down from the Board on 30 September 2023 after the release of the Company's Interim Accounts. Consequently, the Board has conducted a recruitment exercise and is pleased to announce that Belinda Crosby has been appointed as a non-executive director to take effect from 1 August 2023 or, if later, the date on which the Jersey Financial Services Commission confirms that it has no objection to such appointment. Ms Crosby will succeed Ms MacCallum as Chair of the Audit Committee when she steps down.

Ms Crosby is a chartered accountant and Jersey resident independent non-executive director with extensive experience in the management, governance and compliance requirements of commercial real estate, debt and private equity funds and investment structures. She has over 25 years' experience in Jersey's financial services industry and is currently the Chair of the Audit and Risk Committee of the States of Jersey Development Company Limited. Ms Crosby has held a range of board and regulated key person positions and previously managed a highly respected regulated Jersey fund services business for over 10 years. Her experience includes the managed wind-down of mature funds and 'end-of-life' fund structuring.

Ms Crosby holds a BA in History, and is a Fellow of the Institute of Chartered Accountants in England and Wales and a Chartered Fellow of the Chartered Institute for Securities and Investments.

There are no matters in respect of Ms Belinda Crosby requiring disclosure under paragraphs 9.6.13 (1) to (6) of the Listing Rules.

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