IA Capital Structures (Ireland) plc: CF Managed Futures (Series 175) Notes due 2038

Dublin (pta015/03.10.2025/18:14 UTC+2)

Issuer name IA Capital Structures (Ireland) plc

Headline Notice to Noteholders of Series 175

3 October 2025

THIS NOTICE IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION.

THIS NOTICE CONTAINS IMPORTANT INFORMATION OF INTEREST TO THE OWNERS OF THE NOTES (AS DEFINED BELOW). IF APPLICABLE, ALL DEPOSITARIES, CUSTODIANS AND OTHER INTERMEDIARIES RECEIVING THIS NOTICE ARE REQUESTED TO PASS THIS NOTICE TO SUCH OWNERS IN A TIMELY MANNER.

If you are in any doubt as to the meaning of this notice, you are recommended to seek your own financial, legal or other advice immediately from your stockbroker, bank manager, solicitor, accountant or other appropriately authorised independent financial adviser.

If you have recently sold or otherwise transferred your entire holding(s) of the Notes referred to below, you should immediately forward this document to the purchaser or transferee or to the stockbroker, bank or other agent through whom the sale or transfer was effected for transmission to the purchaser or transferee.

NOTICE FROM THE ISSUER TO NOTEHOLDERS

IA CAPITAL STRUCTURES (IRELAND) PLC
(the "Issuer")

CF Managed Futures (Series 175) Notes due 2038

ISIN: XS1760842861 COMMON CODE: 176084286

(the "Notes" or the "Series" and the holders thereof the "Noteholders")

Capitalised terms used but not otherwise defined in this notice shall have the meanings ascribed to them in the Series Memorandum in relation to the Notes dated 31 January 2018.

BACKGROUND

The Issuer used the entire net proceeds of the Notes to purchase the Charged Assets, comprised of Series B shares of CF Managed Futures Ltd. (the "Company") and certain Related Rights.

On 30 September 2025, the Company redeemed in full all of the remaining Series B shares of the Company held by the Issuer, resulting in the realization of all the Charged Assets (the "Final Redemption"). Pursuant to Condition 2(b)(1) of the Notes, such Final Redemption constitutes an event that triggered a Mandatory Redemption of the Notes as provided under the Conditions.

As provided by Special Condition (IV), the Notes will be redeemed at their Early Redemption Amount on the Early Redemption Payment Date. The Issuer hereby notifies Noteholders that the Early Redemption Amount is USD 583.04 per Note, and the Early Redemption Payment Date is 09 October 2025. Payments of the Early Redemption Amount will be made to Noteholders through the Principal Paying Agent via Euroclear and Clearstream, Luxembourg. Following such payments, the Notes will be cancelled and shall be deemed no longer outstanding.

This notice is given to Noteholders in accordance with Condition 7 (Notices).

Proposed Action

This notice is for informational purposes only.

Further Information

For further information with regard to the Notes, please contact:

FlexFunds LTD
noteholder.support@flexfunds.com

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