2 December 2024
DORIC NIMROD AIR TWO LIMITED
(Legal Entity Identifier: 213800ENH57LLS7MEM48)
ASSET SALE UPDATE
On 21 August 2024 the Company announced its agreement to sell its remaining five Airbus A380-861 aircraft to Emirates (the "August Announcement").
Further to the August Announcement, and the subsequent Asset Sale Updates provided on 2 October 2024, 15 October 2024 and 11 November 2024, the Board is happy to announce that, following the Lease End Date for MSN 110, sale proceeds of £30.71m have been received with title successfully passing to Emirates.
All sales included in the August Announcement have now successfully concluded.
The Board wishes to thank both its advisors, Doric and Nimrod, for their advice and assistance in connection with this transaction, and the Company's Shareholders for their patience and constructive role throughout the Company's life so far. The Board would also like to thank Emirates for the past twelve years of cooperation.
Further to the announcement made on 5 November 2024, the Board intends to provide the exact timetable for the anticipated distribution to be made to shareholders, currently expected to be made at the end of January 2025, in due course.
For further information, please contact:
For administrative and company information:
JTC Fund Solutions (Guernsey) Limited
+44 (0) 1481 702400
For shareholder information:
Nimrod Capital LLP
+44 (0) 20 7382 4565
END OF ANNOUNCEMENT
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