Partial Compulsory Redemption of Shares

Chenavari Capital Solutions Limited (the Company)

20 March 2020

Partial Compulsory Redemption of Shares

Following the redemption of 11,665,851 Redeemable Ordinary Shares of No Par Value ("Ordinary Shares") at a rate of 85.72 pence per Ordinary Share on 19 March 2020 (as previously announced on 2 March 2020 and updated on 18 March 2020), the Company now has 21,921,801 Ordinary Shares in issue. With effect from today the Company's Ordinary Shares will trade under the new ISIN number GG00BLLV7850.

On this basis, a holder of 10,000 Ordinary Shares will have 3,473 Ordinary Shares redeemed, and receive £2,977.05 in cash. Approximately 34.73% of the issued share capital was redeemed.

In conformity with the FCA's Disclosure Guidance and Transparency Rules (DTR 5.6.1), the Company notifies that the Company's issued share capital now consists of 21,921,801 Ordinary Shares.  No Ordinary Shares are held in Treasury, therefore the total number of Ordinary Shares with voting rights in the Company is 21,921,801.

This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules (DTR 5.1.2).

It is expected that the proceeds of the redemption will be paid through CREST to holders of Ordinary Shares in uncertificated form, and paid by cheque to holders of Ordinary Shares in certificated form, on 31 March 2020.

Enquiries:

Chenavari Investment Managers

Kirstie Sumarno

Email: ccslir@chenavari.com

Telephone: +44 20 7259 3600