VARDE CREDIT PARTNERS MASTER, L.P.

PFID 805-1707937384 Managed by VARDE MANAGEMENT, L.P.

Hedge Fund 3(c)(7) Master Fund

Gross Asset Value

$731.2M

Min. Investment

$250,000

Investors

First Sale

FY End

Service Providers

Auditor

KPMG, LLP

MINNEAPOLIS, Minnesota, United States

PCAOB: Registered

Independent: Yes

Prime Broker

GOLDMAN SACHS & CO. LLC

NEW YORK, New York, United States

Custodian: Yes

Custodian

THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED

MUMBAI, India

Custodian

WELLS FARGO BANK, N.A.

SAN FRANCISCO, California, United States

Custodian

THE BANK OF NEW YORK MELLON

NEW YORK, New York, United States

Custodian

GOLDMAN SACHS & CO. LLC

NEW YORK, New York, United States

Administrator

SS&C TECHNOLOGIES, INC.

WINDSOR, Connecticut, United States

Marketer

MISSURA CAPITAL LTD.

Marketer

INTRODUCTION CAPITAL INC.

Marketer

J.P. MORGAN SECURITIES LLC