Cerberus Global NPL Fund, L.P.

ents used to calculate the >> The Gross IRR and Net IRR by strategy by region are based on the cash flows of the Concurrent Gross Strategy IRR of 28.0% and Net IRR of 21.1% on page 13 (categorized region). These performance metrics represent performance of a hypothetical pooled investment vehicle investing particular region. >> The performance on this slide is not representative of the performance of any guarantee of, future results. 1 1 Experienced NPL Investor: Global Invest tries globally 1 Cerberus has invested over $16.6 billion of equity in 213 NPL transactions across 18 2 3 North America $477m Equity Invested Europe $11.9bn 1.45x Gross. Multiple Equity Invested Asia 2.02x Gross Multiple $4.2bn Equity Invested 41.6% Concurrent Gross IRR 23.3% Concurrent 40.8% Concurrent Gross IRR 33.0% Concurrent Net IRR Concurrent Net IRR Proprietary and Confidential | Not for Further Distribution 32.7% Concurrent Net IRR Cerberts Globa NP/Fund, L.P. North Dakota St Cerberus' NPL investments in a Fund, and is not indicative of, or a 2 Note: For additional information on regional Hypothetical Fund Size, Called Capital, Pro Forma Recycling, Total Proceeds and Income and additional performance metrics, please see page 40. 14 3 cerberus

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