Waterfall Asset Management, LLC ("Waterfall") noted the announcement released by Pollen Street Secured Lending plc (LSE:PSSL) and the consent received from the Panel on Takeovers and Mergers (the "Panel") for the extension requested by Waterfall and PSSL of the 'put-up or shut-up' deadline to 21 April 2020 in order to enable the parties to continue their ongoing discussions. Despite the current highly uncertain economic and market conditions due to the COVID-19 pandemic and the potential impact this may have on PSSL's portfolio, Waterfall remains committed to pursuing a possible cash offer and looks forward to receiving from PSSL the necessary information required to undertake due diligence. Waterfall has been supportive of the actions taken to date by the Board of PSSL (the "Board") and will continue to support the Board's attempts to retrieve PSSL information in order to allow the parties to advance the possible cash offer and provide an opportunity to PSSL's shareholders to decide on the merits of the proposal, should a firm offer pursuant to Rule 2.7 of the Code be announced.