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25th February 2019

ICG-Longbow Senior Secured UK Property Debt Investments Limited(the Company)

Advancement of Loan

The Company announces that it has arranged a new £15.0 million loan to the Bliss Hotels group.

The loan carries an initial LTV ratio of 59.5% and is secured by a first ranking charge over a hotel and leisure complex in Southport, Merseyside. The Company (via its subsidiary) has advanced an initial £12.5 million of the loan facility, with the balance of the commitment available for business plan renovation initiatives which in the Company's opinion will create significant further value.

The loan matures in April 2023 and is fully compliant with the Company's investment parameters. It provides an attractive risk adjusted return, increasing the Company's weighted average investment coupon to 6.25% whilst also benefitting from arrangement and exit fees.

In making the investment the Company has made a first drawing of £3.5 million on its working capital facility with OakNorth Bank plc.

Estera International Fund Managers (Guernsey) Limited: +44 (0)14 8174 2742

Cenkos Securities:

Will Rogers

Alex Collins

+44 (0)20 7397 1920

+44 (0)20 7397 1913

Maitland Consultancy Limited:

Rebecca Mitchell

+44 (0)20 7379 5151

ICG-Longbow

Martin Wheeler

David Mortimer

+44 (0)20 3201 7502

+44 (0)20 3201 7532

Further information on the Company can be found on its website athttp://www.lbow.co.uk.

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ICG-Longbow Senior Secured UK Property Debt Investments Ltd. published this content on 25 February 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 25 February 2019 07:21:30 UTC