Title: PowerPoint Presentation URL Source: https://documentscdn.financialexpress.net/Literature/4CC7C1756D6CFCE3AEA06AC4BFFE533B/242503836.pdf Number of Pages: 5 Markdown Content: Share Price & NAV at 30 April 2026 Company Information Vehicle Type Closed -ended investment company Domicile Jersey Inception Date 25 June 2013 Market London Stock Exchange LSE Identifier GBP CVCG EUR CVCE ISIN Code GBP JE00B9MRHZ51 EUR JE00B9G79F59 Website ig.cvc.com 2025 Ongoing Charges Figure GBP 0.5% EUR 0.5% Investment Vehicle Key Portfolio Statistics LTM Dividend Yield 5 GBP 9.2% EUR 6.3% Dividend Frequency Paid Quarterly Floating Rate Assets 79.6% Fixed Rate Assets 19.6% Other Assets 0.8% Weighted Average Market Price 6 92.3 Yield to Maturity 7 GBP 13.2% EUR 11.6% Current Yield 7 GBP 10.7% EUR 9.1% > Note: All metrics exclude cash unless otherwise stated Asset Classification by Pricing Category 3rd Party Pricing Service 96.0% Model Price 3.5% Broker Quote 0.5% # Summary CVC Income & Growth Limited (the “Company” or “CVCIG”) is a Jersey closed -ended investment company limited by shares . The Company’s shares are traded on the Main Market of the London Stock Exchange (LSE) . The Company’s investment policy is to invest predominantly in debt instruments issued by companies domiciled, or with material operations, in Western Europe across various industries . The Company’s investments are focused on Senior Secured Obligations of such companies, but investments are also made across the capital structure of such borrowers . The Company pursues its investment policy by investing all of its assets, save for a working capital balance, in CVC Credit Partners Liquid Credit SCA SICAV -RAIF – Compartment 1 – European Credit Opportunities Fund (the “Investment Vehicle”), a European credit opportunities investment vehicle managed by CVC Credit Partners Investment Management Limited . Company NAV Total Return Cumulative Performance 4 (since January 2020 – rebased to 0) Fund Factsheet — April 2026 1M 3M YTD 1YR 3YRS 5YRS ITD £ Total Return 1.92% 1.16% 1.54% 7.98% 44.55% 55.32% 137.98% € Total Return 1.78% 0.79% 1.06% 6.19% 39.32% 46.19% 111.30% 2017 2018 2019 2020 2021 2022 2023 2024 2025 £ NAV 9.69% 1.00% 3.07% 2.80% 12.17% -6.75% 22.79% 17.97% 6.53% € NAV 8.84% 0.07% 1.56% 1.71% 11.41% -8.31% 21.69% 16.88% 4.81% Investment Objectives • CVCIG is focused on capital preservation, and it seeks to generate high cash income via a stable and attractive dividend, as well as offering the potential for capital appreciation . • It aims to provide shareholders with security, low volatility, liquidity, and low correlation with equities by investing in European sub -investment grade credit . Company Historical NAV Total Return Performance 4 > Note: Disclaimer & notes located at end of report ig.cvc.com Contact Us Robert Kirkby, Chairman robert.kirkby@ig.cvc.com Cadarn Capital info@cadarncapital.com GBP EUR Share Price 1 1.1550 1.0600 NAV 2 1.1627 1.0628 Total Net Assets 3 224,398,474 89,052,214 Market Capitalisation (combined) 299,528,993 347,273,915 Market Capitalisation (by currency class) 222,921,922 88,818,238 Premium/Discount -0.66 -0.26 -30% -20% -10% 0% 10% 20% 30% 40% 50% 60% 70% 80% £ Share € Share Market & Investment Vehicle Commentary (As provided by CVC Credit Partner Investment Management Limited) Fund Factsheet — April 2026 Portfolio Management ## Pieter Staelens Partner Portfolio Manager 23 years’ experience Pieter joined CVC Credit in 2018. Pieter joined from Janus Henderson Investors in London where he was involved in various High Yield strategies and a credit long/short strategy. ## Mitchell Glynn Managing Director Assistant Portfolio Manager 17 years’ experience Mitchell joined CVC in 2013. Mitchell joined from Neuberger Berman, where he worked as an Associate from 2008 in the Non - Investment Grade team responsible for evaluating investments across a wide range of industries. The conflict in Iran showed no real sign of easing in April and the Strait of Hormuz remains firmly closed, resulting in Brent crude reaching new highs for 2026 . As a result, stagflationary fears are resurfacing with sovereign bond yields hitting multi -year highs in several countries . On the other hand, equities seemed to be shrugging off these stagflationary fears and focused on AI and the productivity gains this could bring . The Nasdaq was up 15 .3% for the month and hit new all -time highs at the end of April . Both the European Central Bank and the Bank of England held policy rates steady at their April meetings, with the market debate centred on the timing of any future move, given the competing forces of tariff -related inflationary pressure on one hand and slowing growth on the other . The Federal Reserve similarly remained in a holding pattern in the United States . European Sub Investment Grade Highlights a,b April was a more subdued month for European leveraged finance following a heavy start to the year . Primary issuance slowed materially as issuers and arrangers adopted a more cautious stance amid the volatile macro backdrop, with the one -year tariff anniversary weighing on risk appetite in the first half of the month . Repricing activity, which had already paused in March — the first month without a single repricing since the Liberation Day disruption in April 2025 — remained largely absent in April . M&A -related supply was similarly light, leaving secondary market dynamics as the main driver of returns . Secondary markets for both loans and bonds experienced spread widening in the first half of the month before partially recovering into month -end as risk sentiment stabilised . Higher -quality BB -rated credits demonstrated relative resilience while single -B names were more volatile . Looking ahead, several large financing packages remain in the pipeline and we expect new -money supply to gradually pick up as confidence recovers . The S&P/UBS Western European Leveraged Loan Index (EUR -hedged) returned 1.72 % in April 2026 (YTD 0.89 %). BBs returned 1.38 %, single -Bs 1.70 %, while CCCs returned 3.76 %. As of end -April, the three -year discount margin stood at 485 bps . The VettaFi Western European High Yield Index (EUR -hedged) returned* 1.97 % in April (YTD 0.27 %), with a yield -to -worst of 6.50 %. Portfolio Commentary April was a more quiet month for the portfolio given the volatile market conditions . Key focus was on the closing of the restructuring of the French nursing home provider in April . This remains the largest position in the Investment Vehicle given the high conviction we have in a recovery here . We were active in the new issue market during the month . We participated in the primary offering of a Danish telecommunications operator and a UK specialist mortgage lender . We additionally added a floating rate bond from an Italian IT managed services provider, as a sell -off in this name created an attractive point to add exposure . On the secondary side, we used periods of spread widening to add selectively where we saw attractive entry points . We initiated a position in a Dutch cable and broadband operator, as we believe this company could be a winner from troubles at one of its competitors On the sell side, we partially exited our position in a US financial guaranty company given the lack of progress we’re seeing on a refinancing of these bonds . We also marginally reduced our restructured equity exposure to an alloy components manufacturer . The share price continued to move up on speculation of an IPO in 2026 and it felt prudent to lock in some profits . Across the entire portfolio, as of April month end, the weighted average market price was 92 .3, trading at a yield to maturity (“YTM”) of 11 .6 (€ hedged) / 13 .2% (£ hedged) and delivering an 9.1% (€ hedged) / 10 .7% (£ hedged) running cash yield . This compares to a weighted average price of 91 .3 and YTM of 11 .0% (€ hedged) / 12 .9% (£ hedged) as of December 2025 . Floating rate instruments comprised 81 .6% of the portfolio while 83 .5% was invested in senior secured assets . The portfolio had a cash position of -2.5% (including leverage) at the end of the month .Commentary Sources: > a UBS Western European Leveraged Loan Index and VettaFi Western European High Yield Index – April 2026 > b Pitchbook LCD – April 2026 ig.cvc.com Underlying Investment Vehicle Portfolio Statistics as at 30 April 2026 6 Fund Factsheet — April 2026 Top 10 Issuers Issuer % of Gross Assets Industry Country Doncasters 3.23% Diversified / Conglomerate Manufacturing United Kingdom Colisee 2.59% Healthcare & Pharmaceuticals France Keter 2.05% Durable Consumer Goods Netherlands Together Financial 1.99% Finance United Kingdom Ekaterra 1.99% Beverages & Food Netherlands Graanul Invest 1.87% Forest Products & Paper Estonia Merlin Entertainments 1.80% Travel & Leisure United Kingdom Colouroz 1.77% Chemicals Luxembourg Tropicana 1.69% Beverage & Food United States Wella 1.58% Non -Durable Consumer Goods United Kingdom Industry Exposure — MV (%) Geographic Exposure — MV (%) ig.cvc.com 22% 8% 7% 6% 6% 5% 4% 3% 3% 3% 3% 3% 3% 3% 3% 3% 15% Healthcare & Pharmaceuticals Beverage & Food Construction & Building Chemicals Diversified/Conglomerate Manufacturing Finance Travel & Leisure Business Services Durable Consumer Goods Telecommunications Capital Equipment Non Durable Consumer Goods Services: Consumer Leisure & Entertainment Retail Forest Products & Paper Other 27% 20% 14% 10% 10% 19% UK U.S. France Germany Netherlands Other Underlying Investment Vehicle Portfolio Statistics as at 30 April 2026 6 Fund Factsheet — April 2026 Rating Exposure Rating Average Spread Duration 10 MV (€) MV (%) BBB 10.09 1.9m 0% BB 6.54 48.6m 12% B 3.95 268.8m 68% CCC 3.07 53.4m 14% NR 4.74 20.5m 5% Look Through Reporting 9 as at 30 April 2026 Rate Type Exposure Type Duration MV (€) MV (%) Floating 0.22 313.1m 80% Fixed 3.70 77.1m 20% Warrants 0.00 3.0m 1% Currency Exposure 8 — MV (%) Asset Exposure — MV (%) ## Footnotes > 1 Share price provided as at the closing month -end market mid -price. > 2 Opening NAV was 0.997, after initial costs > 3 Includes the impact of the utilisation of the Investment Vehicle's leverage facility (25% as at 30 April 2026) and its currency hedging strategy in relation to the underlying portfolio > 4 NAV Total Return includes dividends reinvested > 5 LTM dividend yield is calculated by adding the LTM dividend payments and divided by the share price of the respective share class as at 30 April 2026. Inclusive of the 7 May 2026 ex -dividend date. > 6 Average market price of the portfolio weighted against the size of each position > 7 Current Yield including Investment Vehicle leverage > 8 Currency is hedged for the respective share class. > 9 Data excludes cash > 10 Averages are weighted by market value ig.cvc.com Notes & Assumptions • The sum of the market values may be larger than the NAV due to the effect of the leverage facility • All duration and yield calculations are based on assets outstanding to maturity (no call or amortisation assumptions) • Duration is calculated using the DURATION function in Excel, and includes approximations for interest rate duration for floating rate assets • Rating is based on average ratings from leading rating agencies • Certain assets such as CLO equity tranches are assumed to have zero spread and interest rate duration • The duration for non -equity CLO tranches is based on a WAL of 5 years after the end of the reinvestment period Note : Amounts may not add up to 100 % due to rounding . Past performance is not indicative of future results or a guarantee of future returns . 15% 68% 17% GBP EUR USD 61% 17% 1% 6% 9% 3% -4% 6% Loans (1st Lien) Senior Secured Bonds (Fixed Rate) Loans (2nd Lien) Senior Secured Bonds (Floating Rate) Structured Senior Unsecured Bonds Cash Other Disclaimers This Report is directed only at : (i) persons having professional experience in matters relating to investments who fall within the definition of "investment professionals" in Article 19 (5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 ; or (ii) high net worth bodies corporate, unincorporated associations and partnerships and trustees of high value trusts as described in Article 49 (2) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 and persons who receive this document who do not fall within (i) or (ii) above should not rely on or act upon this document . This Report is issued by the Company to and for the information of its existing shareholders and does not in any jurisdiction constitute investment advice or an invitation to invest in the shares or any other securities of the Company or any other entity (body corporate or otherwise) . Any matters contained in this Report relating to CVC Credit Partners, the CVC Group, the Investment Vehicle or the markets in which the Investment Vehicle invests have been prepared by CVC Credit Partners . The Company has relied upon and assumed (without independent verification) the accuracy of such information . This Report is not an offering of, or a solicitation of an offer to buy, securities in any jurisdiction . This Report has not been approved by any supervisory authority and no regulatory approvals have been obtained . The information contained in this Report, including information from certain third parties, has not been independently verified and no representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions expressed herein . The Company has, however, taken reasonable steps to ensure that this Report and the information contained herein is not misleading, false or deceptive . In addition, persons into whose possession this Report has come are deemed to have ensured that their receipt of this Report is in compliance with the laws applicable to them . Nothing contained herein shall be deemed to be binding against, or to create any liability, obligations or commitment on the part of the Company, its directors and officers or CVC Credit Partners . Nothing contained herein is to be construed as investment, legal or tax advice and neither the Company, CVC Credit Partners nor any of their respective directors, officers, employees, partners, members, shareholders, advisers, agents or affiliates make any representation or warranty, express or implied as to the fairness, correctness, accuracy or completeness of this Report, and nothing contained herein shall be relied upon as a promise or representation whether as to past or future performance or otherwise . There is no certainty that the parameters and assumptions used can be duplicated with actual trades or investments . There can be no assurance that the strategy described herein will meet its objectives generally, or avoid losses . The information and opinions contained in this Report, including any forward -looking statements, do not purport to be comprehensive, are provided as at the date of the document and are subject to change without notice . Neither the Company nor CVC Credit Partners, nor any other person is under any obligation to update or keep current the information contained herein . No part of this Report, nor the fact of its publication, should form the basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoever . This Report contains certain “forward -looking statements” regarding the belief or current expectations of the Company, CVC Credit Partners and members of its senior management about the Company’s financial condition, results of operations and business . Such forward -looking statements are not guarantees of future performance . Rather, they are based on current views and assumptions and involve known and unknown risks, uncertainties and other factors, many of which are outside the control of the Company and are difficult to predict, that may cause the actual results, performance, achievements or developments of the Company or the industry in which it operates to differ materially from any future results, performance, achievements or developments expressed or implied from the forward -looking statements . This Report is not for release, publication or distribution, directly or indirectly, in or into Australia, Canada, South Africa or Japan or to US Persons as defined in Regulation S under the US Securities Act ("US Persons") . The information contained herein does not constitute or form part of any offer or solicitation to purchase or subscribe for securities in Australia, Canada, South Africa or Japan or any other jurisdiction where to do so might constitute a violation of the relevant laws or regulations of such jurisdiction . The Company has not been and will not be registered under the US Investment Company Act of 1940 , as amended (the "Investment Company Act") and, as such, holders of the Company's securities will not be entitled to the benefits of the Investment Company Act . The securities discussed herein have not been and will not be registered under the US Securities Act of 1933 , as amended (the "US Securities Act"), or with any securities regulatory authority of any state or other jurisdiction of the United States and may not be offered or sold in the United States or to, or for the account or benefit of, US persons absent registration or an exemption from registration under the US Securities Act in a manner that would not require the Company to register under the US Investment Company Act 1940 . No public offering of securities will be made in the United States . No securities may be offered or sold, directly or indirectly, into the United States to US persons absent registration or an exemption from registration under the US Securities Act and in a manner that would not require the Company to register under the US Investment Company Act of 1940 . The Company is regulated by the Jersey Financial Services Commission . The Company’s registered office address is : IFC 1, The Esplanade, St . Helier, JE 1 4BP, Jersey . Additional information about the company, including prices and annual reports, can be obtained from the Investment Vehicle Manager, free of charge, and from the website : https ://ig .cvc .com . The VettaFi Western European HY Index and The S&P UBS European Leveraged Loan Index, are monthly return indices designed to be an objective proxy for the investable universe for the Western European High Yield and Leveraged Loan markets . These indices may not necessarily be indicative of the investment strategies for the funds advised by CVC Credit . Assets and securities contained within indices are different than the assets and securities contained in CVC Credit’s investment vehicles and will therefore have different risk and reward profiles . The returns of the indices are provided solely as an illustration of the market and economic conditions generally prevailing during the periods shown . Indices are not investments, are not professionally managed and do not reflect deductions for fees or expenses . Fund Factsheet — April 2026