Riverstone Cred Regulatory News (RCOI)

22 December 2023

Riverstone Credit Opportunities Income Plc

Successful Amendment and Extension of Blackbuck Resources

Riverstone Credit Opportunities Income ("RCOI" or the "Company"), the LSE-listed energy infrastructure and energy-transition credit investor, is pleased to announce a successful amendment and extension of the Company's investment in Blackbuck Resources ("Blackbuck"), a sponsor-backed infrastructure company focused on full-cycle water management solutions, including treatment, gathering, recycling, storage, and disposal. Sustainable Fitch, a division of Fitch Group focused on ESG, provided a Second Party Opinion ("SPO") on the sustainability-linked loan to Blackbuck. The SPO considers the loan to be aligned with the five pillars of the LSTA Sustainability-Linked Loan Principles.

As part of this amendment and extension closing, the maturity was extended to 31 December 2024, and economic terms were adjusted for an estimated all-in yield to maturity of 17 percent to RCOI. As part of the amendment, the current exit premium of 1061 was paid, reducing the go forward exit premium to zero, resulting in c. $0.6 million in profits to be distributed. In addition, c. $0.1 million of the loan was repaid to RCOI, resulting in $9.9 million of principal balance outstanding.

Christopher Abbate, Co-Head of Riverstone Credit, the Company's Investment Manager said:

"Blackbuck Resources is doing important work in helping its customers reduce their carbon footprint by piping wastewater away for disposal and recycling, as opposed to using trucks. We are pleased to amend and extend this investment to continue our ongoing focus on the decarbonization of the energy industry and the construction of new sustainable infrastructure."

For Riverstone Credit Opportunities Income Plc:

Adam Weiss +1 212 271 2953

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About Riverstone Credit Opportunities Income Plc:

RCOI lends to companies that build and operate the infrastructure used to generate, transport, store and distribute both renewable and conventional sources of energy, and companies that provide services to that infrastructure. RCOI is strategically repositioning towards companies seeking to facilitate the energy transition by decarbonizing the energy, industrial and agricultural sectors, building sustainable infrastructure and reducing or sequestering carbon emissions. The Company seeks to ensure that its investments are having a positive impact on climate change by structuring each deal as either a green loan or a sustainability-linked loan, documented using industry best practices.

As indicated on November 6th, 2023's RNS, Riverstone Holdings LLC and their affiliate Riverstone Investment Group (collectively, "Riverstone") announced that they intend to enter into an agreement with Breakwall Capital LP ("Breakwall") to provide sub-management services (the "Sub-Management Agreement") for all credit vehicles managed by Riverstone, including RCOI (the "Existing Credit Vehicles"). Breakwall is a newly formed independent asset-management firm regulated by the SEC as a Registered Investment Advisor, owned and operated by the existing Riverstone Credit Partners team, including Christopher Abbate, Jamie Brodsky and Daniel Flannery.

For further details, see https://www.riverstonecoi.com/.

Neither the contents of RCOI's website nor the contents of any website accessible from hyperlinks on the websites (or any other website) is incorporated into, or forms part of, this announcement.

1 6.0% of the outstanding principal amount.