NOTICE OF OPTIONAL REDEMPTION 1 TRIBECA PARK CLO LTD. TRIBECA PARK CLO LLC

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1 NOTICE OF OPTIONAL REDEMPTION 1 TRIBECA PARK CLO LTD. TRIBECA PARK CLO LLC To: The Holders of the Secured Notes and Subordinated Notes (collectively, the Notes ) described as follows: Class Designation CUSIP* Rule 144A CUSIP * Reg S ISIN* Rule 144A ISIN* Reg S Class A-1 Notes 89601PAA8 G9043HAA3 US89601PAA84 USG9043HAA35 Class A-2 Notes 89601PAB6 G9043HAB1 US89601PAB67 USG9043HAB18 Class B Notes 89601PAC4 G9043HAC9 US89601PAC41 USG9043HAC90 Class C Notes 89601PAD2 G9043HAD7 US89601PAD24 USG9043HAD73 Class D Notes 89601NAC9 G90435AB7 US89601NAC92 USG90435AB70 Subordinated Notes 89601NAA3 G90435AA9 US89601NAA37 USG90435AA97 To: Those Additional Addressees listed on Schedule I attached hereto and made a part hereof. (Date of Notice: December 20, 2013) Reference is made to that certain Indenture (the Base Indenture ) dated as of May 1, 2008 as amended and supplemented by that certain First Supplemental Indenture dated as of July 6, 2009 (the First Supplement, and together with the Base Indenture, the Indenture ), each by and among TRIBECA PARK CLO LTD., as Issuer (the Issuer ), TRIBECA PARK CLO LLC, as Co-Issuer (the Co-Issuer, and together with the Issuer, the Co-Issuers ), and State Street Bank and Trust Company, as Trustee (the Trustee ), pursuant to which the above-described Notes were issued. Capitalized terms used but not otherwise expressly defined herein are used with the meanings assigned to such terms in the Base Indenture. NOTICE IS HEREBY GIVEN pursuant to Section 9.3 of the Base Indenture that the Trustee has received notice from the Issuer of the optional redemption of all Outstanding Notes, in whole, pursuant to Section 9.2 of the Base Indenture (the Redemption ) on the Redemption Date specified below, together 1 TO ALL NOMINEES/CUSTODIANS: The material in this report is dated and should be reviewed by the beneficial owners of the above securities. Please forward these materials to such owners at once. * CUSIP and ISIN numbers are included solely for the convenience of the Holders. The Trustee is not responsible for the selection or use of the CUSIP or ISIN numbers, or for the accuracy of any CUSIP or ISIN numbers printed on the securities or indicated in this notice. -1-

2 with the Issuer s direction to send notice of the Redemption on its behalf, as provided herein. In connection with such Redemption: (i) the applicable Redemption Date shall be the Payment Date occurring on January 15, 2014 (the Redemption Date ); (ii) the applicable Redemption Record Date shall be December 31, 2013; (iii) the Redemption Price for each Class of Secured Notes shall be (a) an amount equal to 100% of the Aggregate Outstanding Amount thereof, plus (b) accrued and unpaid interest thereon (including interest on Deferred Interest with respect to such Secured Notes), to the Redemption Date; the amount of which Redemption Price, in the case of each such Class of Secured Notes, respectively, is: Class A-1 Notes, $204,013,365.27; Class A-2 Notes, $25,239,174.44; Class B Notes, $15,201,004.67; Class C Notes, $12,699,448.33; and Class D Notes, $10,236,225.33; (iv) the Redemption Price for each Subordinated Note shall be its proportionate share (based on the Aggregate Outstanding Amount of such Notes) of the amount of the Assets (including proceeds created when the lien of the Indenture is released) remaining after giving effect to the redemption of the Secured Notes and payment in full (and/or creation of a reserve for) all expenses of the Co-Issuers; and (v) all of the Secured Notes and Subordinated Notes are to be redeemed in full on the Redemption Date, and interest on the Secured Notes shall cease to accrue on the Redemption Date. IN ORDER TO RECEIVE PAYMENT OF THE REDEMPTION PRICE ON THE REDEMPTION DATE, THE NOTES MUST BE PRESENTED AND SURRENDERED FOR CANCELLATION ON OR BEFORE THE REDEMPTION DATE AT THE ADDRESS OF THE TRUSTEE BELOW: STATE STREET BANK AND TRUST COMPANY 200 CLARENDON STREET BOSTON, MASSACHUSETTS ATTENTION: SONG TOUNGTHIRATH, JHT 16 It is suggested that the Notes be sent by registered mail, properly insured. If the Redemption Price is to be paid to a Person other than the registered Holder, the assignment form on the reverse side of the security must be completed and properly endorsed by said registered Holder and the Holder s signature properly guaranteed. Notwithstanding anything herein to the contrary, the Redemption is subject to any applicable terms and conditions set forth in the Indenture (all of which are not set forth herein), which may provide that the Issuer and/or Portfolio Manager must satisfy or comply with certain requirements and/or conditions in order for the Redemption to proceed. In addition, the Base Indenture provides that (1) the Co-Issuers shall have the option to withdraw any notice of Redemption up to and including -2-

3 the day on which the Portfolio Manager is required to deliver (and only if the Portfolio Manager is unable to deliver) the sale agreement or agreements or certifications described in Section 9.3(c) of the Base Indenture, and (2) a Majority of the Subordinated Notes shall have the option to withdraw any such notice of Redemption up to and including the day that is six (6) Business Days prior to the Redemption Date. Under current United States federal income tax law, a paying agent making payment of interest or principal on securities may be obligated to apply backup withholding to payments of the interest or principal payable to a holder who (i) has failed to furnish the paying agent with a valid taxpayer identification number and certifications that the holder is not subject to backup withholding under the Internal Revenue Code of 1986, as amended (the Code ) and that the holder is a United States person (including a U.S. resident alien) as defined by the Code or (ii) has failed to provide appropriate certification to establish that the holder is not a United States person. Holders of Notes who are United States persons and wish to avoid the application of these provisions should submit a completed IRS Form W-9 when presenting the Notes for payment. Holders of Notes who are non-united States persons should submit an appropriate IRS Form W-8. For more information, Holders may contact Melinda Comary, Assistant Vice President, at State Street Bank and Trust Company by telephone at or by at melinda.comary@statestreet.com. STATE STREET BANK AND TRUST COMPANY, as Trustee -3-

4 SCHEDULE I Additional Addressees Issuer: TRIBECA PARK CLO LTD. c/o MaplesFS Limited PO Box 1093 Boundary Hall, Cricket Square Grand Cayman KY Attention: Directors Facsimile No.: (345) Co-Issuer: TRIBECA PARK CLO LLC c/o Puglisi & Associates 850 Library Avenue, Suite 204 Newark, DE Attention: Donald J. Puglisi Facsimile: (302) dpuglisi@puglisiassoc.com Rating Agencies: Standard & Poor s 55 Water Street, 41st Floor New York, New York Facsimile: (212) Attention: CDO Surveillance Group With an electronic copy to: cdo_surveillance@sandp.com Moody s Investors Service 7 World Trade Center 250 Greenwich Street Facsimile: (212) New York, New York Attention: CDO/CLO Monitoring With an electronic copy to: cdomonitoring@moodys.com Portfolio Manager: GSO Debt Funds Management LLC 280 Park Avenue, 11 th Floor New York, New York Attention: Structured Products Group -4-

5 Irish Listing Agent: Maples and Calder Listing Services Limited 75 St. Stephens Green Dublin 2 Ireland Irish Paying Agent: Maples Finance Dublin 75 St. Stephens Green Dublin 2 Ireland Wachovia: Wachovia Capital Markets, LLC 301 South College Street, NC0602 Charlotte, North Carolina Fax: Attention: structured Credit Products Group DTC, Euroclear and Clearstream (if applicable): lensnotices@dtcc.com voluntaryreorgannouncements@dtcc.com redemptionnotification@dtcc.com drit@euroclear.com ca_mandatory.events@clearstream.com Company Announcements Office, Irish Stock Exchange Irish Stock Exchange Limited 28 Anglesea Street Dublin 2, Ireland Attention: Company Announcements Office (Via portal: -5-