4Q2020 Portfolio Valuations & Recent Activity

Riverstone Credit Opportunities Income Announces 4Q20 Quarterly Portfolio Valuations & Recent Activity

London, UK (22 January 2021) - Riverstone Credit Opportunities Income ("RCOI") announces its quarterly portfolio summary as of 31 December 2020, inclusive of updated quarterly unaudited fair market valuations:

As of 31 December 2020, the unaudited net asset value per Ordinary Share, including net revenue for the quarter ended 31 December, was $1.043.

Cumulative Portfolio Summary

Unrealised Portfolio[1]

Realised Portfolio

The Gross Realised Capital column includes interest, fee income, and principal received. The Gross Unrealised Value column includes the amortization of OID, accrued interest, fees and any unrealised change in the value of the investment.

Manager Outlook

§  RCOI's portfolio continues to generate value for shareholders through a combination of current income and capital gains, despite a prolonged period of economic and commodity price headwinds.  The Investment Manager remains focused on adapting to broader macro conditions and underwriting transactions that have advantageous attributes to protect against the downside.

§  Commodity prices improved materially during the fourth quarter as coronavirus vaccine administration began.  However, longer term global supply and demand dynamics continue to remain uncertain as vaccination pace continues to face challenges and travel remains relatively restricted.  These dynamics create a robust transaction pipeline, and the Investment Manager will continue to focus on investments with the ability to generate attractive risk-adjusted returns.  In addition, the Investment Manager will also seek to identify opportunities that can capitalise on secular trends around energy transition longer-term.

Reuben Jeffery III, Chairman of RCOI, commented:

"Despite the ongoing challenges around the coronavirus pandemic, the RCOI portfolio continues to be resilient and provide positive returns to investors.  The portfolio has a net asset value of $1.043 per Ordinary Share and has returned 14 cents per share cumulatively to date since IPO to its shareholders."

Christopher Abbate and Jamie Brodsky, Co-Founders of Riverstone Credit, added:

"We have continued to actively manage the portfolio through the difficulties in the broader macro and economic backdrop.  RCOI's unique investment strategy has supported the portfolio's ability to withstand broader volatility due to structural protections that mitigate against risk.  As we realise additional positions going forward, we expect to further diversify the portfolio with an emphasis on investments that are well-positioned to capitalise on a post-coronavirus market environment."

About Riverstone Credit Opportunities Income Plc:

RCOI seeks to generate consistent Shareholder returns predominantly in the form of income distributions, principally by making senior secured loans to small and middle-market energy companies, which span conventional energy as well as low carbon and renewable sources. The investment strategy is predicated on asset-based lending, with conservative loan-to-value ratios and structural protective features to mitigate risk. The Company will invest broadly across energy subsectors globally, with a primary focus on infrastructure businesses and going forward those with de-carbonization strategies in North America. RCOI intends to create a diversified portfolio across basins, commodities, technologies and end-markets to provide natural synergies and hedges that could enhance the overall stability of the portfolio.

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.

Media Contacts

For Riverstone Credit Opportunities Income Plc:

Daniel Lim

+1 212 271 6266