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JZ Capital Partners Ltd - Further re: Completion of Loan Note Proposal

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JZ CAPITAL PARTNERS LIMITED (the "Company" or "JZCP")
(a closed-end collective investment scheme incorporated with limited liability under the laws of Guernsey with registered number 48761)
LEI: 549300TZCK08Q16HHU44

COMPLETION OF SENIOR FACILITY AMENDMENTS, LOAN NOTE PROPOSAL AND ORANGEWOOD PROPOSAL

25 June 2021

Unless otherwise defined herein, capitalised terms used in this announcement have the meanings given to them in the circular of the Company dated 28 May 2021 (the "Circular").

Further to the announcement made by the Company on 18 June 2021, the Company is now pleased to confirm that the Loan Note Proposal and the Orangewood Proposal have both reached completion, following receipt of Shareholder approval and the satisfaction of all other previously outstanding conditions precedent.

In addition, the Company is pleased to announce that the proposal to amend its Senior Facility has also completed, following the satisfaction of all previously outstanding conditions precedent.

Further details of the Loan Note Proposal, the Orangewood Proposal and the amendments to the Senior Facility are set out in the Circular and in the announcement made by the Company on 17 May 2021.

As previously announced, it remains the Company's intention to use the proceeds of the Loan Note Proposal (upon the loan notes to be issued in connection with the same being so issued, which is expected to occur on 30 July 2021), together with available cash at hand (including the cash proceeds of realisations derived from the Orangewood Proposal and the recently completed sale of JZCP's interest in George Industries), to redeem the Company's Convertible Unsecured Loan Stock (CULS) when it becomes due on 30 July 2021 as now permitted under the Amended Senior Facility Agreement. A further announcement is intended to be released in due course in connection with the redemption of the CULS.

For further information:

Ed Berry
FTI Consulting

+44 (0)7703 330 199

David Zalaznick
Jordan/Zalaznick Advisers, Inc.

+1 (212) 485 9410

Sam Walden
Northern Trust International Fund Administration Services (Guernsey) Limited

+44 (0) 1481 745385

Important Notice

This announcement also includes statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "anticipates", "expects", "intends", "may", "will" or "should" or, in each case, their negative or other variations or comparable terminology. These forward-looking statements relate to matters that are not historical facts. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Forward-looking statements are not guarantees of future performance. The Company's actual investment performance, results of operations, financial condition, liquidity, policies and the development of its strategies may differ materially from the impression created by the forward-looking statements contained in this announcement. In addition, even if the investment performance, result of operations, financial condition, liquidity and policies of the Company and development of its strategies, are consistent with the forward-looking statements contained in this announcement, those results or developments may not be indicative of results or developments in subsequent periods. These forward-looking statements speak only as at the date of this announcement. Subject to their legal and regulatory obligations, each of the Company, JZAI and their respective affiliates expressly disclaims any obligations to update, review or revise any forward-looking statement contained herein whether to reflect any change in expectations with regard thereto or any change in events, conditions or circumstances on which any statement is based or as a result of new information, future developments or otherwise.

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