Doric Nimrod 2 Regulatory News (DNA2)

16 January 2025

DORIC NIMROD AIR TWO LIMITED (the "Company")

(Legal Entity Identifier: 213800ENH57LLS7MEM48)

Return of Capital by a Compulsory Redemption of Shares

The Company announces the following in respect of a return of capital by way of a compulsory redemption of shares.

Compulsory Redemption of Shares

As per the notice released to shareholders on 21 August 2024 which announced the sale of the remaining five A380-861 aircraft to Emirates, the Company confirms that all sales have now been completed.

As announced at the time, the Company intended to return capital to Shareholders and the Directors are pleased to confirm that they are able to return an amount of £180.785 million on 21 January 2025 (the "Redemption Date") for shareholders on the register of members as at close of business on 20 January 2025 ("Record Date"), by way of a compulsory redemption (the "Redemption") of all ordinary preference shares ("Shares") in the Company, being 123,392,956 Shares of the Company.

The Redemption will be effected at 146.51 pence per Share.

All redemption proceeds are expected to be paid in pounds sterling using the existing mandate record held on file on or around 30 January 2025. Where no payment details are held on file, payment will be made by cheque posted to the address of the registered holder. Shareholders may elect to receive their proceeds by electronic bank transfer by request sent to the Company's Registrar JTC Registrars Limited, PO Box 156, Dorey Court, Admiral Park, St Peter Port, Guernsey GY1 4EU. Such requests should be sent initially to registrars@jtcgroup.com and this will need to be provided by close of business on 19 January 2025 in order for the election to be effective. The request must specify the full bank account details of the account (which must be in the name of the registered holder(s)) to which the redemption proceeds are to be paid. All bank payment charges will be for the account of the payee.

All of the Shares redeemed on the Redemption Date will be cancelled. Accordingly, once redeemed, such Shares will be incapable of transfer and any certificates existing in respect of the Shares will cease to be of value.

The Shares will be disabled in CREST on the Record Date and the Company will make an application for the cancellation of the admission of the Ordinary Shares to trading on the Specialist Fund Segment, with the cancellation expected to take effect at 7.00 a.m. on 21 January 2025. Any Shares which have traded on or before the Record Date, but have not settled, will be included in the Redemption.

Expected timetable:

For further information, please contact:

JTC Fund Solutions (Guernsey) Limited

Secretary

Tel: +44 (0) 1481 702 400

END OF ANNOUNCEMENT

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