Shareholders

Glossary

The words, phrases and acronyms used in our communications are explored on this page, presented in alphabetical order like a dictionary.

“Administrator” means Ocorian Administration (Guernsey) Limited

“Administration Agreement” means the Administration Agreement dated 23 January 2013 between the Company and the Administrator

“Admission” means the admission of the shares to the premium listing segment of the Official List and to trading on the London Stock Exchange

“AEOI” means Automatic Exchange of Information

“Affinity” means Impact Spectrum Limited

“AGM” or “Annual General Meeting” means the general meeting of the Company

“AIC” means the Association of Investment Companies

“AIC Code” means the AIC Code of Corporate Governance

“AIFMD” means the Alternative Investment Fund Managers Directive

“Annual Report” or “Annual Report and Financial Statements” means the annual publication of the Company provided to the shareholders to describe their operations and financial conditions, together with their Financial Statements

“Articles of Incorporation” or “Articles” means the articles of incorporation of the Company, as amended from time to time

“Board” or “Directors” or “Board of Directors” means the directors of the Company from time to time

“B shares” means a redeemable Ordinary Share of no par value in the capital of the Company issued and designated as a B Share of such class, and denominated in such currency, as may be determined by the Directors at the time of issue. Issued for the purpose of returning capital in accordance with Article 8

“Capital Distribution Per Share” means the total annual Return of Capital to shareholders divided by the number of Shares in issue (other than shares held in treasury)

“CMBS” means commercial mortgage-backed security

“Code” or “Corporate Governance Code” means the UK Corporate Governance Code 2019 as published by the Financial Reporting Council

“Companies Law” means the Companies (Guernsey) Law, 2008, (as amended)

“Company” means ICG-Longbow Senior Secured UK Property Debt Investments Limited

“Covid-19” means the global coronavirus pandemic

“CRS” means Common Reporting Standard

“ECL” means expected credit losses

“EPS” or “Earnings per share” means Earnings per Ordinary Share of the Company and is expressed in Pounds Sterling

“ESG” means Environmental, Social and Governance

“EU” means the European Union

“Euro” or “€” means Euro

“FATCA” means Foreign Account Tax Compliance Act

“FCA” means the UK Financial Conduct Authority (or its successor bodies)

“Financial Statements” means the audited financial statements of the Company, including the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity, the Statement of Cash Flows, and associated notes

“FRC” means the Financial Reporting Council

“FTSE” means the Financial Times Stock Exchange

“GDP” means gross domestic product

“GFSC” means the Guernsey Financial Services Commission

“GIIN” means Global Intermediary Identification Number

“Group” means the Company, ICG Longbow Senior Secured UK Property Debt Investments Limited together with its previously wholly owned subsidiary, ICG Longbow Senior Debt S.A (Luxco) which was liquidated on 18 January 2022

“GFSC Code” means the GFSC Finance Sector Code of Corporate Governance

“IAS” means international accounting standards as issued by the Board of the International Accounting Standards Committee

“ICG” means Intermediate Capital Group PLC

“ICR” means interest coverage ratio

“IFRS” means the International Financial Reporting Standards, being the principles-based accounting standards, interpretations and the framework by that name issued by the International Accounting Standards Board

“Interest Cover Ratio” or “ICR” means the debt/profitability ratio used to determine how easily a company can pay interest on outstanding debt

“Interim Report” means the Company’s interim report and unaudited interim condensed financial statements for the period ended 31 July

“Investment Manager” or “ICG-Longbow” means ICG Alternative Investment Limited or its associates

“Investment Manager Agreement” means Investment Management Agreement dated 25 November 2020 between the Company and the Investment Manager

“IoD” means Institute of Directors

“IPO” means the Company’s initial public offering of shares to the public which completed on 5 February 2013

“ISAE 3402” means International Standard on Assurance Engagements 3402, “Assurance Reports on Controls at a Service Organisation”

“ISIN” means an International Securities Identification Number

“LBS” means LBS Properties Limited

“LGD” means loss given default

“Listing Rules” means the listing rules made by the FCA under section 73A Financial Services and Markets Act 2000

“London Stock Exchange” or “LSE” means London Stock Exchange plc

“LTV” means Loan to Value ratio

“Luxco” means the Company’s wholly owned subsidiary, ICG Longbow Senior Debt S.A.

“Main Market” means the main securities market of the London Stock Exchange

“Management Engagement Committee” means a formal committee of the Board with defined terms of reference

“Memorandum” means the Company’s memorandum

“NAV per share” means the Net Asset Value per Ordinary Share divided by the number of Shares in issue (other than shares held in treasury)

“Net Asset Value” or “NAV” means the value of the assets of the Company less its liabilities, calculated in accordance with the valuation guidelines laid down by the Board, further details of which are set out in the 2017 Prospectus

“Northlands” means London & Guildford Properties Limited, London & Weybridge Properties Limited, Lamborfore Limited, Northlands Holdings Limited, Peeble Stone Limited, Auldana Limited, Felixstow Limited, Richmond Lodge Construction Limited, Piperton Finance Limited and Alton & Farnham Properties Limited

“NMPIs” means Non-Mainstream Pooled Investments

“OBR” means the Office of Budget Responsibility

“Official List” is the Premium Segment of the FCA’s Official List

“ONS” means Office for National Statistics

“PD” means probability of default

“Quattro” means the CNM Estates (New Malden) Limited, CNM Estates (Ewell Road) Limited, CNM Estates (Coombe Road) Limited and CNM Estates (Cox Lane) Limited

“Registrar” means Link Asset Services (Guernsey) Limited (formerly Capita Registrars (Guernsey) Limited)

“Registrar Agreement” means the Registrar Agreement dated 31 January 2013 between the Company and the Registrar

“RevPar” means revenue per available room

“Schedule of Matters” means the Schedule of Matters Reserved for the Board, adopted 23 January 2013, amended 25 September 2020

“Southport” means the Waterfront Southport Properties Limited and Waterfront Hotels (Southport) Limited – now in administration

“Sq ft” means square feet

“UK” or “United Kingdom” means the United Kingdom of Great Britain and Northern Ireland

“UK Government Bond” means a gilt, a type of bond issued by HM Treasury and listed on the London Stock Exchange

“2017 Placing Programme” means the placing programme in connection with the 2017 Prospectus published in April 2017

“2017 Prospectus” means the prospectus published in April 2017 by the Company in connection with the 2017 Placing Programme

“£” or “Pounds Sterling” means British pound sterling and “pence” means British pence

Disclaimer

The information contained herein and on the pages that follow does not constitute an offer to sell, or the solicitation of an offer to acquire or subscribe for, any securities in any jurisdiction where such an offer or solicitation is unlawful or would impose any unfulfilled registration, qualification, publication or approval requirements on ICG-Longbow Senior Secured UK Property Debt Investments Limited (the "Company") or its affiliates or agents. The securities referred to herein and on the pages that follow have not been and will not be registered under the applicable securities laws of the United States, Australia, Canada, Japan or South Africa. The securities referred to herein and on the pages that follow may not be offered or sold within the United States, Australia, Canada, Japan or South Africa, or to any U.S. person ("U.S. Person") as defined in Regulation S under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), or to any national, resident or citizen of Australia, Canada, Japan or South Africa.

The promotion of the Company and the distribution of this website and the materials contained by it in the United Kingdom are restricted by law. Accordingly, this website and any materials contained by it should only be accessed by, and are directed only at:

(i) persons outside the United Kingdom to whom it is lawful to communicate to; or

(ii) persons having professional experience in matters relating to investments who fall within the definition of "investment professionals" in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended); or

(iii) high net worth companies, unincorporated associations and partnerships and trustees of high value trusts as described in Article 49(2) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended),

provided that in each case the website and any materials contained by it are only directed at persons who are "qualified investors" within the meaning of Article 2(e) of Regulation (EU) 2017/1129 (the "Prospectus Regulation") ("Relevant Persons"). Accordingly, this website does not constitute, and does not contain the information required to be contained in, a prospectus as required under the Prospectus Regulation.

Any investment or investment activity to which this communication relates is available only to and will be engaged in only with Relevant Persons. Persons within the United Kingdom who receive this communication other than Relevant Persons should not access this website or any materials contained by it nor should they rely on or act upon this communication.

This website is communicated by ICG Alternative Investment Limited ("ICG Real Estate"), which is authorised and regulated by the UK Financial Conduct Authority (the "FCA"). In communicating this website ICG Real Estate is acting for the Company and is not responsible for advising persons viewing this website or any other person, or for providing them with the protections which would be given to those who are clients of ICG Real Estate under the rules of the FCA.

The information on the pages that follow may contain forward looking statements. Any statement other than a statement of historical fact is a forward looking statement. Actual results may differ materially from those expressed or implied by any forward looking statement. The Company does not undertake any obligation to update or revise any forward looking statements, whether as a result of new information, future events, or otherwise. You should not place undue reliance on any forward looking statement, which speaks only as of the date of its issuance.

Any reference contained herein to: (i) any European Union ("EU") directive, EU regulation, EU decision, EU tertiary legislation or provision of an European Economic Area agreement (an "EU Matter") which is to form part of domestic law by application of Section 3 European Union (Withdrawal) Act 2018 shall be read as a reference to that EU Matter as it forms (by virtue of Section 3 European Union (Withdrawal) Act 2018) part of domestic law and as modified by domestic law from time to time; and (ii) any EU entity shall be read as a reference to the United Kingdom institution, authority or body to which its functions were transferred, and words and expressions used in this paragraph shall have the meanings given to them respectively in the European Union (Withdrawal) Act 2018.

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