Name: Alexander David  Greensill,

Name: ILL CAPITAL (UK) LIMITED, GREENSILL LIMITED, GREENSILL CAPITAL PTY LIMITED

Date of Birth: 29 / 12 / 1976

Date Order Starts: 23 / 6 / 2026

Disqualification Length: 9 Years 0 Month(s)

CRO Number: 08126173,11344883,08037769

Last Known Address: ADDRESS WITHELD, ADDRESS WITHELD, , , ADDRESS WITHELD, ADDRESS WITHELD

Conduct: 1. In November and December 2020, Alexander David Greensill caused GCUK, GL and GCPty to enter into a series of transactions that significantly affected the rights of the Credit Suisse (Lux) Supply Chain Finance Fund (the ‘Katerra Noteholder’), including (i) the Omnibus Deed dated 10 November 2020; and then later, (ii) the Contribution and Exchange Agreement dated 30 December 2020 ("the CEA") (together “the Transactions”). The Katerra Noteholder position already having been significantly affected by the Omnibus Deed, by the CEA: 1.1. GL gave up all claims "Derived from, based upon, or secured by" the Katerra RPA, the related Guarantees and the related Transaction Documents; 1.2. the "Facility Obligations" and all other monetary obligations owed to GL under the Katerra RPA and the related Facility Documents were cancelled; 1.3. all other obligations of the Katerra Sellers to GL under the Katerra RPA and the related Facility Documents were released; and 1.4. each of the Katerra RPA and the related Facility Documents were cancelled and terminated. 2. Further, Alexander David Greensill caused or allowed GCUK to apply the sum of $440 million received by it in November 2020 otherwise than for the redemption of the Katerra Notes issued to the Katerra Noteholder. 3. Alexander David Greensill caused GCUK to fail to ensure that the $440 million was secured in a manner that would enable it to be paid to the Katerra Noteholder as the total redemption value of the Katerra Notes when they fell to be redeemed. 4. Further or alternatively, Mr Alexander David Greensill’s conduct constituted a breach of section 174 of the Companies Act 2006 with respect to GCUK and GL. 5. One of the finance structures offered by the Greensill Group was Accounts Receivable financing whereby GCUK (or an affiliate) purchased suppliers' Accounts Receivable (or sometimes "Future Receivables') at a discount. In the case of the Katerra financing, those purchases were made by an SPV, GL. 6. The funding of the purchase of the said receivables was through the creation and sale of security-backed Notes. The relevant note programme for the Katerra financing was the Fairymead Note Programme, ("the Katerra Notes Programme”). 7. For the purpose of the Katerra Notes Programme, the issuer was an entity called Hoffman S.à.r.l. ("Hoffman"), a securitisation vehicle established under the laws of the Grand Duchy of Luxembourg. Hoffman is organised to have Compartments which correspond to distinct and segregated liabilities. 8. GCUK and Hoffman had established an 'UP TO USD 20,000,000,000 SECURED NOTE LAGOON FARM PROGRAMME BACKED BY RELEVANT CLAIMS'. 9. The Compartment from which a relevant notes Series was issued acquired from GCUK the assets to back the notes comprising that Series. Such assets had been acquired by GCUK (via GL) from the relevant sellers (in this case the Katerra Group companies). These assets were then assigned on to Citibank as the Note Trustee for the Katerra Noteholder who would hold the Notes in that Series. 10. In the case of the Notes for the Katerra Notes Programme, the same were all acquired by the Credit Suisse (Lux) Supply Chain Finance Fund, identified above as the Katerra Noteholder, pursuant to the terms of a Warehousing Agreement between Credit Suisse Asset Management (Schweiz) AG, GCUK and Greensill Capital Securities Limited. 11. Under the Katerra RPA, the Katerra Sellers sold both actual and future receivables to GL on the terms set out therein. In particular, GL became the owner of the Katerra Seller's right, title and interest in the purchased receivable and all its related security, collections and proceeds. 12. Further security interests were granted to GL over certain assets of the Katerra Sellers pursuant to the Katerra RPA and related facility documents. In addition to security over the Katerra receivables, and Account Security by way of Account Control Agreements between the parties, the obligations of each Katerra Seller under the RPA were also guaranteed by (i) Katerra Inc ("Katerra Cayman") (the parent company of the Katerra Sellers), and (ii) each of the other Katerra Sellers. 13. Pursuant to a Participation Agreement, GL granted to GCUK a participation in each Payment Obligation under the Katerra RPA (this was the mechanism by which GCUK acquired an interest ('a participation') in the Katerra receivables and related security rights), and further delegated all its management and operation functions to GCUK. GL granted security for its obligations under the Participation Agreement to GCUK including fixed and floating charges over its assets. 14. A Master Assignment Agreement dated 21 December 2017 between GCUK, Hoffman and Citibank (as Note Trustee), set out the terms pursuant to which GCUK could sell and assign its rights, title and interest in a Payment Obligation and additional rights, to Hoffman. 15. Hoffman as Initial Issuer entered into a Master Trust Deed with Citibank as Note Trustee dated 13 October 2017 with supplements on 21 December 2017 and 18 December 2019, setting out the terms on which notes would be issued and on which security would be created. By executing and delivering a Supplemental Trust Deed with respect to any tranche of Notes, Hoffman, as continuing security for the payment of amounts due and payable by it, assigned in favour of Citibank (as Note Trustee), amongst other things, all of its rights, title and interest to and under the Relevant Claims relating to such tranche. The Note Trustee would hold the same on trust for the Katerra Noteholder. 16. As a result of the contractual arrangements, the Katerra Noteholder (ultimately) was entitled to the benefit of: (i) a contractual covenant to be paid the amounts due on the maturity date of the Notes; (ii) a variety of security interests over, and in respect of, the underlying payment obligations by Katerra's customers; (iii) Trade Credit Insurance ("TCI") which insured the Katerra Notes i.e. a payment default by Katerra's customers, the Katerra Sellers failure to repurchase the debts, or the guarantor’s failure to pay for the debt, and in respect of which policy the Credit Suisse (Lux) Supply Chain Finance Fund was noted as Loss Payee. 17. In November and December 2020, Alexander David Greensill caused GCPty, GCUK and GL to enter into the Transactions which significantly affected the rights of the Katerra Noteholder. The result of the same, once the suite of Transactions was concluded on 30 December 2020, was to disenfranchise the Katerra Noteholder and in practical terms to extinguish the Katerra RPA, in that the underlying receivables secured by the Katerra Notes were no longer payable to GL. 18. The said transactions were entered into without the written consent of the Katerra Noteholder (or the Note Trustee or Hoffman). Written consent of the Katerra Noteholder (of which Alexander David Greensill ought to have been aware) was required pursuant to: 18.1. Clause 9.1 of the Master Assignment Agreement; and 18.2. Clause 8.2 of the Participation Agreement; and 18.3. Clause 6.2 of the Security Agreement; or 18.4. Was otherwise required in law. 19. As to the benefits to which the Katerra Noteholder had been entitled: 19.1. the receivables from which the contractual covenant to pay the amounts due on the maturity date of the Notes were to be fulfilled, were no longer required to be paid to GL; 19.2. all the security interests from which the Katerra Noteholder had ultimately benefitted in order to secure payment of the sums owed, had been released with the consequence that there was no security to which the Katerra Noteholder could have recourse if the said covenant was not fulfilled. 20. Furthermore, the TCI insured, inter alia as identified at paragraph 16 above, against the risk of payment default in respect of the receivables underlying the Katerra Notes, but GL’s entitlement to receive payment with respect to the underlying receivables relating to the Katerra Notes purchased under the Katerra RPA had been extinguished. The Katerra Noteholder did not pursue a claim as loss payee under the TCI policies in respect of the Katerra Notes. 21. The outstanding Katerra Notes all defaulted when they fell due. The Greensill Group of companies went into administration prior to the date at which the Katerra Notes ultimately fell to be redeemed. 22. As a result of the above matters, the Katerra Noteholder did not receive c.$440m as follows: 22.1. GL having extinguished its rights to receive payments in respect of the collection of Purchased Receivables as they fell due (or being unable to pursue or recover any shortfalls from the Katerra Group companies under the Guarantees and/or the Katerra Security) significantly altered the participations granted to GCUK, which had been assigned to the Note Trustee as security for the notes issued to the Katerra Noteholders; 22.2. The outstanding Katerra Notes all defaulted when they fell due. 

This information is correct as at 4 / 6 / 2026

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