HARBOURVEST SENIOR LOANS EUROPE LIMITED (IN VOLUNTARY LIQUIDATION) (THE "COMPANY") Second interim liquidation distribution announcement At an extraordinary general meeting of the Company held on 27 November 2014, shareholders passed resolutions to wind up the Company and appointed Ashley Paxton and Linda Johnson of KPMG Channel Islands Limited as joint liquidators (the "Liquidators"). Following their appointment, on 12 December 2014 the Liquidators paid a first interim liquidation distribution (the "First Interim Distribution") amounting: GBP 0.2563 per Sterling Share in issue The First Interim Distribution represented approximately 97.2% of the NAV of the Company (as at the date of liquidation). Second Interim Distribution Following an analysis of certain tax liabilities payable by the Company's subsidiaries in Luxembourg, the Liquidators now anticipate that a second interim distribution (the "Second Interim Distribution) will be made to holders of Sterling Shares prior to 30 June 2015. Following the payment of the Second Interim Distribution, cumulative liquidation distribution payments made by the Liquidators will represent approximately 98.99 % of the NAV of the Company as at 27 November 2014. A further announcement will be made to shareholders prior to the second interim liquidation distribution once the final rate and date of the distribution have been determined. A further final liquidation distribution (the "Final Distribution") will be made once tax clearance has been obtained from the Luxembourg Tax Authorities. The Final Distribution is expected to be made in the fourth quarter of 2015. Enquiries: Ashley Paxton and Linda Johnson The Liquidators KPMG Channel Islands Limited Glategny Court Glategny Esplanade St. Peter Port Guernsey GY1 1WR Tel: 01481 741898 Fax: 01481 722373 Email: restructuring-ci@kpmg.com
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- HARBOURVEST SL ORD NPV : Senior Loans Europe Limited - Statement re second interim liquidation distribution