Blackstone Loan Regulatory News (BGLF)

21 November 2024

Blackstone Loan Financing Limited

(the "Company")

Compulsory Partial Redemption of Shares

Further to the approval given by the Company's shareholders to enable compulsory redemptions of the Company's ordinary shares ("Shares"), as described in the circular dated 25 August 2023 (the "Circular"), the Company today announces that it will return approximately €61,000,000 by way of a compulsory partial redemption of up to 68,004,459 Shares (the "Second Redemption") on 19 December 2024 (the "Redemption Date"). Approximately 16.2706% of the existing Shares will be redeemed.

The Second Redemption will be effected at €0.8970 per Share, being the NAV per Share as at 31 October 2024. The Second Redemption will be effected pro-rata to holdings of such shares on the register at close of business on 29 November 2024 ("Redemption Record Time"). As at today's date, the Company has 417,959,768 Shares in issue, of which none are held in treasury.

On this basis, a holder of 10,000 Shares will have 1,627 Shares redeemed, and receive €1,459.41 in cash.

Fractions of Shares will not be redeemed and so the number of Shares held by each shareholder to be redeemed compulsorily on the Redemption Date will be rounded down to the nearest whole number of Shares.

The amount to be applied to the partial redemption of Shares comprises monies from the Company's existing cash balances.

All Shares that are redeemed will be cancelled with effect from the Redemption Date. Accordingly, once redeemed, such Shares will be incapable of transfer.

The Shares will be disabled in CREST after close of business on the Redemption Date and the existing ISIN number JE00BSMSML25 (the "Old ISIN") will expire.

The new ISIN number JE00BM8J7D47 (the "New ISIN") in respect of the remaining Shares, which have not been redeemed and will be in issue and listed following the Redemption Date and will be enabled and available for transactions from and including 02 December 2024.

Up to and including the Redemption Date, the Shares will continue to be traded under the Old ISIN and as such, a purchaser of such Shares who was not on the register as at the Redemption Record Time would have a market claim for a proportion of the redemption proceeds. CREST will automatically transform any open transactions as at the Redemption Date into the New ISIN.

Shareholders should note that the Board retains absolute discretion as to the execution, extent and timing of any further redemptions.

Expected timetable for redemption

The anticipated dates and sequence of events relating to the implementation of the Proposals are set out below:

Currency Election

Redemption monies will be paid in Euros. If any certificated or uncertificated Shareholder wishes to receive redemption monies in Sterling, they must complete a redemption currency election form and return it either by email to operationalsupportteam@linkgroup.co.uk or by post to Link Group, Corporate Actions, Central Square, 29 Wellington Street Leeds, LS1 4DL no later than 1.00 p.m. on 29 November 2024. A copy of this form is available on the Company's website at https://www.blackstone.com/fund/bglfln-blackstone-loan-financing-limited/#investor-documents.

Please note that if you have previously advised the Registrar, Link Group, that you wish to receive your dividends in Sterling, you will need to advise them separately if you also wish to receive your redemption monies in Sterling.

Please note that, unlike dividend currency elections, Shareholders cannot elect to switch the currency in which they receive proceeds of the Redemption through the CREST platform. Any redemption currency election forms submitted shall relate only to the proceeds of the current Redemption and will not endure.

Capitalised terms used but not defined in this announcement will have the same meaning as set out in the Circular.

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