6 November 2023

Riverstone Credit Opportunities Income Plc

("RCOI" or the "Company")

Sub-Management Agreement

On November 6, 2023, Riverstone Holdings LLC and their affiliate Riverstone Investment Group (collectively, "Riverstone") announced that they intend to enter into an agreement with Breakwall Capital LLC ("Breakwall") to provide sub-management services (the "Sub-Management Agreement") for all credit vehicles managed by Riverstone, including RCOI (the "Existing Credit Vehicles"). Breakwall is a newly formed independent asset-management firm expected to be regulated by the SEC as a Registered Investment Advisor, owned and operated by the existing Riverstone Credit Partners team, including Christopher Abbate, Jamie Brodsky and Daniel Flannery. Subject to execution of definitive documentation, services provided by Breakwall will commence on January 1, 2024. 

Under the proposed arrangement, Riverstone will remain the manager of RCOI on the terms of RCOI's existing management agreement and all aspects of the ongoing management of the Company, including the day-to-day investment team, will remain consistent with current practices. There will be no increase in fees payable by RCOI as a result of the modified arrangements. The Board of RCOI has been involved in the discussions leading up to this announcement and are confident that the intended structure of Riverstone as manager and Breakwall as the future sub-manager will continue to deliver strong returns for shareholders. 

The Board are supportive of the proposed arrangement described above. In light of the end of the investment period for Riverstone Credit Partners II in December 2023 and the upcoming realisation election for the Company on or around the date of its annual general meeting, the Board will communicate next steps in due course.

For Riverstone Credit Opportunities Income Plc:

Adam Weiss                                                    +1 212 271 2953

Media Contacts:

About Riverstone Credit Opportunities Income Plc:

RCOI lends to companies that build and operate the infrastructure used to generate, transport, store and distribute both renewable and conventional sources of energy, and companies that provide services to that infrastructure. RCOI is strategically repositioning towards companies seeking to facilitate the energy transition by decarbonizing the energy, industrial and agricultural sectors, building sustainable infrastructure and reducing or sequestering carbon emissions. The Company seeks to ensure that its investments are having a positive impact on climate change by structuring each deal as either a green loan or a sustainability-linked loan, documented using industry best practices.

For further details, see https://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.