Lucror Hires Two LatAm Analysts

Singapore, February 7, 2017

Lucror Analytics is pleased to announce the appointment of Josseline Jenssen and Sebastian
Hofmeister as Directors, LatAm, saying demand had increased for research on LatAm high-yield
corporate issuers.

Josseline, to be based in Lima, Peru, joins Lucror after 22 years with Fitch Ratings, where she was
a Director with coverage of LatAm names. Sebastian, to be based in Munich, Germany, joins
Lucror after 6 years with NN Investment Partners, where he helped manage portfolios of high
yield names. Sebastian previously spent 10 years with Moody’s Investors Service, where he
covered LatAm credits.

Both Josseline and Sebastian will report to Charles Macgregor, head of emerging markets for
Lucror in Singapore.

“Interest in LatAm debt is a secular trend as global buyers seek to diversify their traditional hard
currency holdings from lower yielding Western issuers,” Macgregor said.

“While this has manifested itself first in emerging market bond buying, familiarity with the region
and gathering confidence in LatAm’s fundamentals is raising the attractiveness of corporate
debt.”

“On the supply side, the falling cost of capital is encouraging corporates across the region to look
at alternatives to still tight bank credit lines. While this is a welcome development, as it will lead
ultimately to larger, more liquid bond markets, the demands of covering a dozen different
countries call for deep company research.”

“Lucror is very excited about our new hires who bring a wealth experience in analysing LatAm
companies and will position the company as a leading provider of credit research in this space”
said Madhav Kapadia, CEO of Lucror Analytics. He further commented “the decision by such
esteemed analysts to join Lucror is a reflection of the increasing traction being achieved by us
within the global fixed income market.”

Lucror Analytics Pte Ltd, based in Singapore, is an independent credit research provider covering
corporate high yield markets in Europe, Asia, and Latin America. The LatAm product is scheduled
for launch in Q2/17.

Media Contact: Charles Macgregor +65-8138-0104, charles.macgregor@lucroranalytics.com