Accessing Private Debt with a leading Australian Private Markets Manager

Purpose of Presentation
This document has been prepared by Metrics Credit Partners AFSL 416146 (Metrics) on a confidential basis for distribution only to professional and sophisticated investors in Australia whose ordinary business is to buy or sell investments of the type described in this document in circumstances where disclosure is not required to be made to investors under the Corporations Act 2001 (Cth) (“Corporations Act”). Equity Trustees Limited (EQT) (ABN 46 004 031 298) (AFSL 240975), is the Responsible Entity for the Metrics Direct Income Fund (MDIF) (ARSN 641 620 331). All content in respect of the MDIF is issued by EQT. All content in respect of the Metrics Master Income Trust (MXT) (ARSN 620 465 090) and the Metrics Income Opportunities Trust (MOT) (ARSN 631 320 628) is issued by The Trust Company (RE Services) Limited (ABN 45 003 278 831) (AFSL 235 150) as the responsible entity of MXT or MOT as applicable. It is not intended for, and should not be distributed to, any other person and it must not be distributed to any person who is a retail client for the purpose of the Corporations Act or to any person outside of Australia. This document is not a Product Disclosure Statement or Prospectus required to be lodged with the Australian Securities and Investments Commission in accordance with the Corporations Act and it does not contain all of the information that such a Product Disclosure Statement or Prospectus is required to contain or that an offer document for the products described herein would contain. It is not an offer of interests in respect of any financial product.

The Funds
Units in the Metrics Direct Income are issued by Equity Trustees Limited ACN 004 031 298 AFSL 240975 as responsible entity. Terms and service providers in respect of the Funds are current as at the date of this document and are subject to change without notice.

Responsibility for Information
Metrics has prepared this document from sources it believes to be correct and based on the information available to it and the facts and circumstances in existence as at the date of this document. Neither Metrics nor any of its related entities, associates, officers, employees or agents make any
representation or warranty, express or implied as to or assume any responsibility or liability for. The authenticity, origin, validity, accuracy or completeness of any information, statement or opinion contained in this document or in any accompanying, previous or subsequent material or presentation. To the maximum extent permitted by law, Metrics and each of its related entities, associates, officers, employees or agents disclaims all and any responsibility or liability for any loss or damage which may be suffered by any person relying upon any information contained in,or any omissions from, this document.

Investment Risk
Any investment is subject to investment risk. It is not a deposit with, nor does it represent a liability of the trustee or responsible entity of any Fund and Trust Metrics or any other person. None of the trustee, responsible entity of a Fund, Metrics, its related bodies corporate or any other person guarantees the capital value or performance of the investment of any strategy or guarantees any particular return from a Fund, increase in the value of any amount invested in a Fund or repayment of any amount invested in a Fund.

Reliance on Presentation
This document has been prepared without taking into account any particular person’s objectives, financial situation or needs; does not purport to identify the nature of specific market or other risks associated with any investments described within it and does not constitute any legal, taxation, investment or accounting advice. All information in this document is indicative, is based on certain assumptions and current market conditions and is subject to change without notice. No information contained in this document constitutes a prediction or forecast as to the performance of any investments. Any historical information contained in this document is provided by way of illustration only, past performance is not a guide to future performance and actual performance may differ materially. Assumptions upon which financial illustrations are based may differ from actual circumstances. No reliance should be placed on the information in this document and any investment decision should be based only on the information in final offer documents and the purchaser’s own due diligence, inquiry, assessment and advice in respect of the products and investments described herein.

Confidential
This document and all of the information contained in it must not be disclosed to any person or replicated in any form without the prior written consent of Metrics.