CLIO EUROPEAN CLO BV (IN RECEIVERSHIP)

Notice is hereby given pursuant to Legislation section: Section 48(2) Legislation: of the Insolvency Act 1986, that a meeting of creditors of the Company will be held at the offices of Lovells LLP, Atlantic House, Holborn Viaduct, London, EC1A 2FG, on 23 April 2009, at 2.00 pm,(GMT) for the purposes of having laid before it a copy of the report prepared by the Administrative Receivers under Section 48 of the Act. The meeting may, if it thinks fit, establish a committee to exercise the functions conferred on creditors’ committees by or under the Act. Creditors whose claims are wholly secured are not entitled to attend or be represented at the meeting. In accordance with Rule 3.11(1) of the Insolvency Rules 1986, a creditor is entitled to vote only if they have given to the Administrative Receivers at, of Deloitte LLP, Lovells LLP, Atlantic House, Holborn Viaduct, London, EC1A 2FG ., not later than 12.00 noon on the business day before the day fixed for the meeting, written details of the debts they claim to be due to them from the Company, and the claim has been duly admitted under the provisions of the Rule 3.11 of the Insolvency Rules 1986 and there has been lodged with the Administrative Receivers any proxy which the creditor intends to be used on his behalf.

Unsecured creditors may request a copy of the Joint Administrative Receivers’ report to be sent to them free of charge by writing to the Joint Administrative Receivers at Deloitte LLP, Athene Place, 66 Shoe Lane, London EC4A 3BQ.

M K Adams, Joint Administrative Receiver