DW Catalyst Fund Ltd - First Distribution of Redemption Shares

DW CATALYST FUND LIMITED (IN VOLUNTARY LIQUIDATION) (THE “COMPANY”)

Discount Trigger Resolution Shareholders

First Distribution of Redemption Funds for Discount Trigger Redeemed GBP £ Shares

At an extraordinary general meeting of the Company held on 2 August 2017, shareholders passed resolutions to wind-up the Company and appointed Linda Johnson and Ashley Paxton of KPMG Channel Islands Limited as joint liquidators (the “Liquidators”).

Following the passing of the Discount Trigger Resolution by the shareholders of the Company on 9 March 2017, which obliged the Company to redeem all shareholders of the Company that voted in favour of the Discount Trigger Resolution (the “Redeeming Shareholders”), the Liquidators announce their intention to make a first payment to Redeeming Shareholders (the “First Payment”) of:

GBP £11.845797 per redeemable ordinary share of no par value in the Company redeemed

The First Payment has been calculated by reference to the proceeds received by the Company from the first quarterly redemption of the Company’s holding in DW Catalyst Offshore Fund, Ltd attributable to Redeeming Shareholders, in accordance with the timetable referenced in the Company’s circular to shareholders dated 17 February 2017 (the “Circular”).

The net proceeds of the redemption received by the Company were GBP £17,588,034.74. Following the payment of the IPO Offer Costs and other costs of the Discount Trigger Resolution attributable to Redeeming Shareholders, as noted in the Circular, the balance available for distribution to Redeeming Shareholders is GBP £15,965,880.51.     

The First Payment will be paid by CREST on 25 September 2017.

Enquiries:

The Liquidators

Linda Johnson and Ashley Paxton

Glategny Court

Glategny Esplanade

St Peter Port

Guernsey

GY1 1WR

Tel:  [phone]

[e-mail]

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