Partial Compulsory Redemption of Shares

Chenavari Capital Solutions Limited (the Company)

14 July 2020

Partial Compulsory Redemption of Shares

Following the redemption of 4,798,430 Redeemable Ordinary Shares of No Par Value ("Ordinary Shares") at a rate of 72.94 pence per Ordinary Share on 13 July 2020 the Company now has 17,123,371 Ordinary Shares in issue. With effect from today the Company's Ordinary Shares will trade under the new ISIN number GG00BMGNHZ00.

On this basis, a holder of 10,000 Ordinary Shares will have 2,188 Ordinary Shares redeemed, and receive £1,595.92 in cash. Approximately 21.89% of the issued share capital was redeemed.

In conformity with the FCA's Disclosure Guidance and Transparency Rules (DTR 5.6.1), the Company notifies that the Company's issued share capital now consists of 17,123,371 Ordinary Shares. No Ordinary Shares are held in Treasury, therefore the total number of Ordinary Shares with voting rights in the Company is 17,123,371.

This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules (DTR 5.1.2).

It is expected that the proceeds of the redemption will be paid through CREST to holders of Ordinary Shares in uncertificated form, and paid by cheque to holders of Ordinary Shares in certificated form, on 23 July 2020.

Enquiries:

Chenavari Investment Managers

Sophie Porter

Email: ccslir@chenavari.com

Telephone: +44 20 7259 3600