TR-1: Standard form for notification of major holdings
| NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i | |||||||||
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| 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: | Esken Limited | ||||||||
| 1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) | |||||||||
| Non-UK issuer | X | ||||||||
| 2. Reason for the notification (please mark the appropriate box or boxes with an "X") | |||||||||
| An acquisition or disposal of voting rights | X | ||||||||
| 3. Details of person subject to the notification obligationiv | |||||||||
| Name | City of registered office | Country of registered office |
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| Strategic Value Partners LLC |
| US |
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| 4. Full name of shareholder(s) (if different from 3)v | |||||||||
| Name | City of registered office | Country of registered office |
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| Strategic Value Special Situations Master Fund V, L.P. | Camana Bay | Cayman Islands |
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| Strategic Value Opportunities Fund, L.P. | Camana Bay | Cayman Islands |
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| Strategic Value Capital Solutions Master Fund, L.P. | Camana Bay | Cayman Islands |
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| Strategic Value Special Situations Master Fund IV, L.P. | Camana Bay | Cayman Islands |
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| 5. Date on which the threshold was crossed or reachedvi: | 8 December 2023 | ||||||||
| 6. Date on which issuer notified (DD/MM/YYYY): | 12 December 2023 | ||||||||
| 7. Total positions of person(s) subject to the notification obligation | |||||||||
| | % of voting rights attached to shares (total of 8. A) | % of voting rights through financial instruments | Total of both in % (8.A + 8.B) | Total number of voting rights of issuervii | |||||
| Resulting situation on the date on which threshold was crossed or reached | 0.000000 | 0.000000 | 0.000000 | 0 | |||||
| Position of previous notification (if applicable) | 5.079100
| 0.000000 | 5.079100
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| 8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii | |||||||||
| A: Voting rights attached to shares | |||||||||
| Class/type of ISIN code (if possible) | Number of voting rightsix | % of voting rights | |||||||
| Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) | Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) | Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) | Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) | ||||||
| Ordinary GB00B03HDJ73 | 0 | 0 | 0.0000000 | 0.0000000 | |||||
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| SUBTOTAL 8. A | 0 | 0.0000000 | |||||||
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| B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) | |||||||||
| Type of financial instrument | Expiration | Exercise/ | Number of voting rights that may be acquired if the instrument is exercised/converted. | % of voting rights | |||||
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| | | SUBTOTAL 8. B 1 | | | |||||
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| B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) | |||||||||
| Type of financial instrument | Expiration | Exercise/ | Physical or cash settlementxii | Number of voting rights | % of voting rights | ||||
| | | | | | | ||||
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| SUBTOTAL 8.B.2 | | | ||||
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| 9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X") | ||||
| Full chain of controlled undertakings through which the voting rights and/or the | | |||
| Ultimate controlling person | Name of controlled undertaking | % of voting rights through financial instruments if it is equal to or higher than the notifiable threshold | Total of both instruments if it equals or is higher than the notifiable threshold | |
| Strategic Value Partners, LLC | Strategic Value Special Situations Master Fund IV, L.P. |
0.000000 |
0.000000 | |
| Strategic Value Partners, LLC | Strategic Value Capital Solutions Master Fund, L.P. | | | |
| Strategic Value Partners, LLC | Strategic Value Opportunities Fund, L.P. | | | |
| Strategic Value Partners, LLC | Strategic Value Special Situations Master Fund V, L.P. | | | |
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| 10. In case of proxy voting, please identify: | ||||
| Name of the proxy holder | | |||
| The number and % of voting rights held | | |||
| The date until which the voting rights will be held | | |||
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| 11. Additional informationxvi | ||||
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| 12 Place of completion | Greenwich, CT, U.S.A.
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| 13 Date of completion | 11 December 2023 |
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