Cerberus Global NPL Fund, L.P.

Compelling Risk-Adjusted Return Profile Cerberus believes that NPL investments offer significant downside protection and rapid. Strong Downside Protection 96% Of total Cerberus in transactions that I been profitable (1,2) Cerberus invested (1) Please see next slide for additional information on the percentage of profitable transactions. Proprietary and Confidential | Not for Further Distribution 2 Attractive Cash NPL Fund, L.P. - North Dakota Statement ord 20 Profile recovery Rapid cost recovery as evidenced by 2.7 year weighted average life of NPL portfolios (2) cerberus

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