Lördag 15 Mars | 04:06:11 Europe / Stockholm

2025-03-06 11:24:47

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

GG00BPNZ1D65

Issuer Name

NB DISTRESSED DEBT INVESTMENT FUND LIMITED

UK or Non-UK Issuer

Non-UK

2. Reason for Notification

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation

Name

First Equity Limited

City of registered office (if applicable)

London

Country of registered office (if applicable)

United Kingdom

Name

City of registered office

Country of registered office

Estate of William Black

Armstrong Investments Limited

Douglas

Isle of Man

4. Details of the shareholder

Name

City of registered office

Country of registered office

Nortrust Nominees Limited

London

United Kingdom

5. Date on which the threshold was crossed or reached

05-Mar-2025

6. Date on which Issuer notified

06-Mar-2025

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 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights held in issuer

Resulting situation on the date on which threshold was crossed or reached

14.173243

0.000000

14.173243

11230598

Position of previous notification (if applicable)

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached

8A. Voting rights attached to shares

Class/Type of shares ISIN code(if possible)

Number of direct voting rights (DTR5.1)

Number of indirect voting rights (DTR5.2.1)

% of direct voting rights (DTR5.1)

% of indirect voting rights (DTR5.2.1)

GG00BPNZ1D65

3000000

0

3.786061

0.000000

GG00BPNZ1C58

8230598

0

10.387182

0.000000

Sub Total 8.A

11230598

14.173243%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

Type of financial instrument

Expiration date

Exercise/conversion period

Number of voting rights that may be acquired if the instrument is exercised/converted

% of voting rights

Sub Total 8.B1

8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))

Type of financial instrument

Expiration date

Exercise/conversion period

Physical or cash settlement

Number of voting rights

% of voting rights

Sub Total 8.B2

9. Information in relation to the person subject to the notification obligation

2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)

Ultimate controlling person

Name of controlled undertaking

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

Estate of William Black

Armstrong Investments Limited

Estate of William Black

First Equity Limited as Investment Manager of Armstrong Inv Limited

14.173242

0.000000

14.173242%

10. In case of proxy voting

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional Information

12. Date of Completion

06-Mar-2025

13. Place Of Completion

London