Cerberus Global NPL Fund, L.P.

1 Experienced NPL Investor: Strong Track Record in NPL Concurrent gross strategy IRR and concurrent net strategy IRR of a hypothetical pro forma NPL fund investment vehicle >> The information provided in this presentation is a model of the performance of a managed by Cerberus based on the performance of all of the NPL Investments February 1, 1998 (the "Pro Forma NPL Fund"). in the NPL Strategy since >> This information is being provided to show the experience of the NPL team, and its investments will perform. >> The gross hypothetical performance of the Pro Forma NPL Fund based as the "Concurrent Gross Strategy IRR." Pro Forma NPL Fund Dollars ($) in billions Hypothetical Total Invested Capital Pro Forma NPL Fund Forma Size $16.3 Called Capital Proprietary and Confidential | Not for Further Distribution Fund L.- North Dakota StarmaVesting $0.3 Total Proceeds & Income $27.1 Gross MOIC (1) Cerber Global - 13 1.63x the information provided herein is referred to as an indication of how the Fund or Concurrent Strategy Performance Gross IRR (1) 28.0% Net MOIC (1) 1.47x Net IRR (1) 21.1% cerberus

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