NB Distressed Debt Investment Fund Limited

Net Asset Value • Oct 2, 2025

National Storage Mechanism | Additional information

RNS Number : 7988B

NB Distressed Debt Invest. Fd. Ltd

02 October 2025

2 October 2025

NB Distressed Debt Investment Fund Limited

("NBDD" or the "Company")

Sale of Commercial Mortgage Asset

The Board of NBDD has been notified of the sale of the Company's remaining Commercial Mortgage asset, resulting in a realised valuation below the investment's carrying value. The investment consisted of a commercial mortgage in the Netherlands, was held in the Extended and Global Share Classes, and resulted in the receipt of sale proceeds totalling €7.83 million.

The investment consisted of a defaulted term loan expiring 31 May 2025, secured against commercial real estate, at an interest rate of 4.36%. Following leasing activity earlier this year, the building has been sold.

The impact to the Net Asset Value ("NAV") of each share class is as follows:

NBDD Share Class	Realised Loss	Decline in reported NAVs*
Extended	$0.9 million	(3.8%)
Global	£0.85 million	(7.5%)

* As a percentage of 30 September 2025 NAV, as announced on 1 October 2025.

For the avoidance of doubt, there is no impact from this sale on the NAV of the Ordinary Share Class.

These updated valuations have been incorporated into the NAVs for close of business on 1 October 2025, to be announced later today. 

Distributions

As previously disclosed, for regulatory reasons, the final 10% of the total return (NAV plus cumulative distributions) in respect of any class of participating shares in NBDDIF will be returned to shareholders with a final compulsory redemption of all the outstanding shares of that class. Following this Commercial Mortgage Asset sale, the board of NBDD does not anticipate making any further distributions in respect of any share class prior to the liquidation of the Company.

ENDS

LEI: YRFO7WKOU3V511VFX790

For further information, please contact:

KL Communications Charles Gorman	+44 (0) 20 3882 6644 [email protected]
Jefferies International Limited Gaudi Le Roux	+44 (0) 20 7029 8000

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