iFinance PCC PLC (the “Issuer”) hereby notifies you as an investor in Cell1 which issued exchange traded debt securities called Performance Solutions EUR Asset Backed ETD (ISIN MT0001131201) (the “ETD”) that it has received notice from its collateral obligor, ETD Malta compartment 6, that the underlying investment has defaulted in payment of the interest that was due end of July 2018. Furthermore, the issuer in respect of Cell 1 has been notified that the underlying investment has indicated its intention of payment of the coupon due in full by no later than December 2018.

Due to the above, the issuer in respect of Cell 1 (Performance Solutions EUR Asset Backed ETD) hereby notifies you as an investor that no coupon will be paid until Cell 1 receives payment from the collateral obligor, which is expected to be received by the end of beginning of January 2019.

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