Cerberus Global NPL Fund, L.P.

2 High Barriers to Entry: Leading Investor in Concentrated Cerberus has the extensive infrastructure and experience required to invest in NPLs, and largest buyer of NPLs in Europe since 2013 Market Shares for European NPL and REO Asset Purchases (2013 through YTD 2018) Other 49% 8% 21% Next 3 Buyers Cerberus 12% Proprietary and Confidential | Not for Further Distribution Buyer #3 Evolution of Market (2013 through YTD #1 16 10% 8% 80% 2013 2% ■ Buyer #2 #1 21% 11% 20% 10% 39% 2014 by Year Buyer #3 #1 32% 7% 11% 49% 2015 Next 3 Buyers ■ Other #1 18% 5% 2% 18% 58% been the 2016 #2 15% 40% 43% 2017 (*) 1% #1 21% 1% 19% 8% 51% rberus Good Nirund P. - North Dakota att fortement es YTD 2018 Source: For data through Q1 2016: Cushman & Wakefield (Real Estate Loans Sales - 2013, 2014, 2015, 2016); For data from Q2 2016 to date: Evercore (European Distressed RE Market Report, 2016, 2017, 2018). (*) As per the Q4 2017 Evercore report, the market share numbers pertain only to private investors such as Cerberus, and therefore excludes the Italian government fund Atlante II, which would have been at #2 position in 2017 if it were included. cerberus

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