RIVERSTONE CREDIT OPPORTUNITIES INCOME PLC

Investor Presentation • Jan 21, 2020

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RNS Number : 3727A

Riverstone Credit Opps. Inc PLC

21 January 2020

Riverstone Credit Opportunities Income Announces 4Q19 Quarterly Portfolio Valuations

London, UK (21 January 2020) - Riverstone Credit Opportunities Income ("RCOI") announces its quarterly portfolio summary as of 31 December 2019, inclusive of updated quarterly unaudited fair market valuations:

Current Portfolio

Project Name	Subsector		Commitment Date		Committed Capital ($mm)		Invested Capital ($mm)		Gross Realised Capital ($mm)[1]		Gross Unrealised Value ($mm)		Gross Realised Capital & Unrealised Value ($mm)		31 Dec 2019 Gross MOIC2
Yellowstone	Midstream		13 June 2019		5.8		5.8		-		6.4		6.4		1.10x
Alp	E&P		18 June 2019		13.3		5.7		0.5		5.9		6.4		1.13x
Mariners	Services		11 July 2019		12.2		12.2		0.5		12.4		12.9		1.06x
Chase	E&P		23 July 2019		12.3		1.6		0.4		1.7		2.1		1.35x
Remington	Midstream		1 August 2019		3.4		3.4		0.1		3.5		3.6		1.07x
Ducks	E&P		25 November 2019		13.8		6.8		0.2		6.9		7.1		1.04x
Knox	Midstream		19 December 2019		14.8		4.0		0.2		4.0		4.2		1.06x
						$75.7		$39.4		$2.0		$40.8		$42.8	1.09x

Realisations

Project Name	Subsector	Commitment Date	Committed Capital ($mm)	Invested Capital ($mm)	Gross Realised Capital ($mm)1	Gross Unrealised Value ($mm)	Gross Realised Capital & Unrealised Value ($mm)	31 Dec 2019 Gross MOIC2
Shiner	E&P	13 June 2019	6.0	4.3	4.9	-	4.9	1.15x
			$6.0	$4.3	$4.9	-	$4.9	1.15x

Subsequent Activity in January 2020

Project Name	Subsector	Commitment Date	Committed Capital ($mm)	Invested Capital ($mm)
Beach II	Services	10 January 2020	8.7	8.7
			$8.7	$8.7

Consolidated Portfolio Key Stats at Entry As of 31 December 20192
Weighted Avg. Structuring Fee/OID	97.8%
Weighted Avg. All-in Coupon at Entry	10.4% p.a.
Weighted Avg. Undrawn Spread at Entry	3.8% p.a.
Weighted Avg. Tenor at Entry	2.8 years
Weighted Avg. Call Premium at Entry	105.3
Security	100% Secured
Coupon Type	100% Floating Rate

The Gross Realised Capital column includes interest, fee income, and principal received. The Gross Unrealised Value column includes the amortization of OID, accrued interest, fees and any unrealized change in the value on the investment.

Manager Outlook

§ The Investment Manager continues to focus on originating and underwriting transactions with strong risk-adjusted returns and has committed over 75 per cent. of the proceeds raised in the IPO.

§ The current investment environment is highly attractive for deal origination, as the capital markets and bank market have been largely inaccessible for energy companies, especially those that are in the small to middle market.

§ Despite the large number of investment opportunities that have been reviewed, the Investment Manager has remained very disciplined in deploying capital. The focus on asset-based lending with structural protections and conservative loan-to-value ratios provides the portfolio with resilience through commodity and economic cycles.

About Riverstone Credit Opportunities Income Plc:

RCOI seeks to generate consistent Shareholder returns predominantly in the form of income distributions, principally by making senior secured loans to small and middle-market energy companies. The investment strategy is predicated on asset-based lending, with conservative loan-to-value ratios and structural protective features to mitigate risk. The Company will invest broadly across energy subsectors globally, with an initial focus on North America. RCOI intends to create a diversified portfolio across basins, commodities, and end-markets to provide natural synergies and hedges that could enhance the overall stability of the portfolio.

For further details, see www.RiverstoneCOI.com

Neither the contents of RCOI's website nor the contents of any website accessible from hyperlinks on the websites (or any other website) is incorporated into, or forms part of, this announcement.

Media Contacts

For Riverstone Credit Opportunities Income Plc:

Daniel Lim

+1 212 271 6266

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[1] Gross realised capital is total gross income realised on invested capital.

[2] Metrics based on the current portfolio.

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