ROCKALL CLO B.V. - Irish Stock Exchange

GENERAL NOTICE TO RESIDENTS OF THE EU AND EEA
IN RELATION TO EACH MEMBER STATE OF THE EUROPEAN ECONOMIC AREA WHICH HAS
IMPLEMENTED THE PROSPECTUS DIRECTIVE (EACH, A "RELEVANT MEMBER STATE"), WITH EFFECT
FROM AND INCLUDING THE DATE ON WHICH THE PROSPECTUS DIRECTIVE IS IMPLEMENTED IN THAT
MEMBER STATE (THE "RELEVANT IMPLEMENTATION DATE") NO OFFER OF VF NOTES OR THE NOTES
TO THE PUBLIC IN THAT RELEVANT MEMBER STATE MAY BE MADE EXCEPT: (A) IN (OR IN GERMANY,
WHERE THE OFFER STARTS WITHIN) THE PERIOD BEGINNING ON THE DATE OF PUBLICATION OF A
PROSPECTUS IN RELATION TO THOSE VF NOTES OR NOTES WHICH HAS BEEN APPROVED BY THE
COMPETENT AUTHORITY IN THAT RELEVANT MEMBER STATE OR, WHERE APPROPRIATE, APPROVED
IN ANOTHER RELEVANT MEMBER STATE AND NOTIFIED TO THE COMPETENT AUTHORITY IN THAT
RELEVANT MEMBER STATE, ALL IN ACCORDANCE WITH THE PROSPECTUS DIRECTIVE AND ENDING
ON THE DATE WHICH IS 12 MONTHS AFTER THE DATE OF SUCH PUBLICATION, (B) AT ANY TIME TO
LEGAL ENTITIES WHICH ARE AUTHORISED OR REGULATED TO OPERATE IN THE FINANCIAL MARKETS
OR, IF NOT SO AUTHORISED OR REGULATED, WHOSE CORPORATE PURPOSE IS SOLELY TO INVEST
IN SECURITIES, (C) AT ANY TIME TO ANY LEGAL ENTITY WHICH HAS TWO OR MORE OF (1) AN
AVERAGE OF AT LEAST 250 EMPLOYEES DURING THE LAST FINANCIAL YEAR, (2) A TOTAL BALANCE
SHEET OF MORE THAN €43,000,000 AND (3) AN ANNUAL NET TURNOVER OF MORE THAN €50,000,000,
AS SHOWN IN ITS LAST ANNUAL OR CONSOLIDATED ACCOUNTS, OR (D) AT ANY TIME IN ANY OTHER
CIRCUMSTANCES WHICH DO NOT REQUIRE THE PUBLICATION BY THE ISSUER OF A PROSPECTUS
PURSUANT TO ARTICLE 3 OF THE PROSPECTUS DIRECTIVE. FOR THESE PURPOSES, THE
EXPRESSION AN "OFFER OF VF NOTES OR NOTES TO THE PUBLIC" IN RELATION TO ANY VF NOTES
OR NOTES IN ANY RELEVANT MEMBER STATE MEANS THE COMMUNICATION IN ANY FORM AND BY
ANY MEANS OF SUFFICIENT INFORMATION ON THE TERMS OF THE OFFER AND THE VF NOTES OR
NOTES TO BE OFFERED SO AS TO ENABLE AN INVESTOR TO DECIDE TO PURCHASE OR SUBSCRIBE
FOR THE VF NOTES OR NOTES AS THE SAME MAY BE VARIED IN THAT MEMBER STATE BY ANY
MEASURE IMPLEMENTING THE PROSPECTUS DIRECTIVE IN THAT MEMBER STATE AND THE
EXPRESSION "PROSPECTUS DIRECTIVE" MEANS DIRECTIVE 2003/71/EC AND INCLUDES ANY
RELEVANT IMPLEMENTING MEASURE IN EACH RELEVANT MEMBER STATE.
NOTICE TO RESIDENTS OF THE UNITED KINGDOM
THE PLACEMENT AGENT HAS REPRESENTED, WARRANTED AND AGREED THAT:
(A)
(B)
IT HAS ONLY COMMUNICATED OR CAUSED TO BE COMMUNICATED AND WILL ONLY
COMMUNICATE OR CAUSE TO BE COMMUNICATED ANY INVITATION OR INDUCEMENT TO
ENGAGE IN INVESTMENT ACTIVITY (WITHIN THE MEANING OF SECTION 21 OF THE FINANCIAL
SERVICES AND MARKETS ACT 2000 (THE "FSMA")) RECEIVED BY IT IN CONNECTION WITH THE
ISSUE OR SALE OF ANY VF NOTES OR NOTES IN CIRCUMSTANCES IN WHICH SECTION 21(1)
OF THE FSMA DOES NOT APPLY TO THE ISSUER; AND
IT HAS COMPLIED AND WILL COMPLY WITH ALL APPLICABLE PROVISIONS OF THE FSMA WITH
RESPECT TO ANYTHING DONE BY IT IN RELATION TO THE VF NOTES OR NOTES, FROM OR
OTHERWISE INVOLVING THE UNITED KINGDOM.
NOTICE TO RESIDENTS OF THE REPUBLIC OF IRELAND
THE PLACEMENT AGENT HAS AGREED THAT IT WILL NOT UNDERWRITE THE ISSUE OF, OR PLACE, OR
OFFER, OR SELL THE VF NOTES OR NOTES EXCEPT IN CONFORMITY WITH THE PROVISIONS OF EC
DIRECTIVE 2003/71/EC, THE IRISH PROSPECTUS (DIRECTIVE 2003/71/EC) REGULATIONS 2005 AND THE
PROVISIONS OF THE IRISH COMPANIES ACTS 1963-2005.
TO THE EXTENT APPLICABLE, THE PLACEMENT AGENT CONFIRMS THAT IT WILL NOT UNDERWRITE
THE ISSUE OF, OR PLACEMENT OF, THE VF NOTES OR NOTES OTHERWISE THAN IN CONFORMITY
WITH EU DIRECTIVE 2003/6/EC AND THE IRISH MARKET ABUSE (DIRECTIVE 2003/6/EC) REGULATIONS
2005.
TO THE EXTENT APPLICABLE, THE PLACEMENT AGENT CONFIRMS THAT IT WILL NOT UNDERWRITE
THE ISSUE OF, OR PLACEMENT OF, THE VF NOTES OR NOTES OTHERWISE THAN IN CONFORMITY
WITH THE PROVISIONS OF THE IRISH INVESTMENT INTERMEDIARIES ACT 1995 (AS AMENDED),
INCLUDING, WITHOUT LIMITATION, SECTION 9, 23, (INCLUDING ANY ADVERTISING RESTRICTIONS
MADE THEREUNDER) AND ANY CODE OF CONDUCT RULES MADE UNDER SECTION 37 AND THE
PROVISIONS OF THE INVESTOR COMPENSATION ACT 1998, INCLUDING WITHOUT LIMITATION,
SECTION 21.
NOTICE TO RESIDENTS OF DENMARK
THIS OFFERING CIRCULAR HAS NOT BEEN AND WILL NOT BE FILED WITH OR APPROVED BY THE
DANISH FINANCIAL SUPERVISORY AUTHORITY OR ANY OTHER REGULATORY AUTHORITY IN THE
KINGDOM OF DENMARK. THE PLACEMENT AGENT HAS REPRESENTED AND AGREED THAT THE VF
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