12th & 13th November 2013 • Crowne Plaza London – The City www.euromoneyseminars.com/ddebt13

• Derek Sach, Head, Global Restructuring Group,RBS• Trevor Williams, Chief Economist, Lloyds Bank• Tony Groom, Chairman,K2 Business Partners• David Ross, Executive Vice President, SankatyAdvisers• Jim Strang, Managing Director,Hamilton Lane•Marc Boughton, Chief Executive,CVC Credit Partners• Parham Pouladdej, Managing Director,EMSA Capital• Jon Moulton, Founder, Better Capital• Jasvinder Khaira, Principal, Blackstone• Robert Jones, Investment Director, Cognis Capital

• Glen Cronin, Managing Director, Rothschild• Stephen Quinn, Head of Leveraged & ProjectFinance, Global Non-Core, Lloyds Bank• Christian Aufsatz, Director, Barclays• Richard Klemmer, Partner,Oakwood Capital LLP• Roger Orf, Partner,Apollo• Adam Shah, Vice President, Starwood Capital• Dermot Murphy, Managing Director, CreditSituations Group,HSBC• Kevin Lydon, Managing Director, SVP Global• Henry Jackson, Managing Partner and ChiefExecutive,OpCapita • Paul Smith, Head of Sales Trading, Loans/HighYield, Cohen & Company

• Daniel Meredith Jones, Group M&A Director,Group Corporate Development, Lloyds BankingGroup Plc• Rob Asplin, Director, Better Capital• John Short, Partner, Short Partners LLP• Charles Bodie, Founder,Drayton Park Capital• Kateryna Taousse, Associate Director, PacificAlternative Asset Management Company•Adi Scop, Head of Sales, IBI• David Riddell, Senior Managing Director in theRestructuring & Reorganization Group, Blackstone• Richard Klemmer, Partner,Oakwood GlobalFinance LLP• Shane Swords, Director, Rubicon InfrastructureAdvisors

Association Partner: Media partners:

Confirmed speakers include:

Where the international distressed debt and financialrestructuring market meet

presents

TheDistresse ebt Forum

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TheDistressed Debt Forum

DAY ONE AGENDATuesday 12th November 2013

8.15Registration and morning coffee

9.00Chairman’s opening remarks

9.15The challenges of deleveraging and distressed debtin a period of economic uncertainty• Challenges across geographies and sectors• Fragile recovery and future prospects• Bank deleveraging and distressed debt trends

Derek Sach, Head, Global Restructuring Group, RBS

9.45How does the macroeconomic environment impactupon the European distressed debt and restructuringmarket?• The impact of ECB policy and US Federal financingannouncements

• What opportunities will we see in the next 12 months fordistressed investors?

• What is the precipitating factor in the restructuring boom?

Trevor Williams, Chief Economist, Lloyds Bank

10.15 Investors panel: valuation, liquidity, and risk• How are funds looking to create value in the distressed debt market?

• Meeting investors’ hunt for yield and finding ways togenerate attractive offerings whilst mitigating risks

• What are investors looking for in terms of markets and returns?

Tony Groom, Chairman, K2 Business Partners

David Ross, Executive Vice President, Sankaty Advisers

Jim Strang, Managing Director, Hamilton Lane

Moderator: Paul Smith, Head of Sales Trading, Loans/HighYield, Cohen & Company

For further information on sponsorship or exhibition opportunities please contact Jack Clarke, Tel: +44 (0) 20 7779 8569, email: jclarke@euromoneyplc.com

11.00Morning Coffee and networking break

11.45Loan-to-own and private equity panel: Turnaround strategies and the loan-to-own debate• Where are the deals coming from and are they competitively priced?

• Execution costs and debt returns: Negotiating financingwhen acquiring troubled businesses and implementingturnaround strategies

• Challenges in capital structure positioning• The balance in restructuring strategies – executing recovery plans

Marc Boughton, Chief Executive, CVC Credit Partners

Parham Pouladdej, Managing Director, EMSA Capital

Rob Asplin, Director, Better Capital

Charles Bodie, Founder, Drayton Park Capital

Moderator: John Short, Partner, Short Partners LLP

12.30Shipping: An industry that we will see increasinginvestment opportunities in? • Opportunities for private equity firms in buy out andturnaround deals

• Do restructurings of large companies such as Torm andbankruptcy listing of the Overseas Shipholding Group signala swell of opportunities in distressed debt?

• How does shipping as an industry fit with the investmenthorizon of private equity

Jasvinder Khaira, Principal, Blackstone1

Peter Stokes, Head of Shipping, Lazard

Moderator: David Manson, Partner,White & Case

TheDistressed Debt Forum

© Euromoney Seminars 2013 Euromoney Seminars reserves the right to alter the venue and/or speakers. Euromoney Seminars is a division of Euromoney Trading Ltd.

16.45Legal perspective: How have the restructuring oflegal frameworks and insolvency regimes developed inthe last 12 months?• The shifting ‘Centre of Main Interests’ (COMI)• Germany one year on – a resounding success?• Taking steps towards unifying the insolvency regimes in Europe

Edward Hickman, Partner, Dentons

17.15Chairman’s closing remarks followed by drinksreception

DAY TWO AGENDAWednesday 13th November 2013

8.45 Morning coffee

9.15 Chairman’s opening remarks

9.30Asset class trends: Where are we seeing emergingEuropean distressed debt opportunities?• Which asset classes present the best returns on investment?• In which assets are the small and mid-tier investmentopportunities to be found?

• Are there swelling opportunities in shipping, consumer and retail?

Michael Guy, Senior Portfolio Manager, Tenax Capital

Kateryna Taousse, Associate Director, Pacific AlternativeAsset Management Company

Adi Scop, Head of Sales, IBI

Moderator: David Riddell, Senior Managing Director in theRestructuring & Reorganization Group, Blackstone

10.00Opportunities for distressed investors incommercial real estate across Europe• Assessing opportunities across regions • Restructuring strategies for large and mid-tier investment groups

• Developing adequate restructuring mechanisms to meetimminent debt maturity walls and resolve legacy loans

Roger Orf, Partner and Head of Real Estate, Europe,Apollo Management

Adam Shah, Vice President, Starwood Capital

13.00Lunch

14.30High yield bonds and distressed debt: Valuepropositions in the search for higher yield• Are distressed debt and high yield financing counter-cyclicalindustries? What are the opportunities and challenges of each?

• The state of the high yield marketplace and its impact uponthe distressed debt markets

• Are investors looking to difference assets to get returns on investment?

• Recent US Federal announcements and their impact on the available options

Robert Jones, Investment Director, Cognis Capital

Glen Cronin, Managing Director, Rothschild

Stephen Quinn, Head of Leveraged & Project Finance,Global Non-Core, Lloyds Bank

15.00One year on: Assessing the success of the ESUGGerman Insolvency laws • Overview of the changes – have they created greaterflexibility in the market?

• A case study of the Auto Teile Unger Holding recapitalizationcase post ESUG

• Have the changes in debt-for-equity and creditorappointment for administrators changed investors’ attitude to investment

15.30Refreshments and networking break

16.00CMBS: Will there be distressed opportunities withinthe approaching refinancing process?• How does CMBS fit as a refinancing tool? Does it represent a good value proposition and which investors find it attractive?

• Locating liquidity in refinancing the CMBS market • Understanding the different capital structure and junior-senior contractual rights

Christian Aufsatz, Director, Barclays

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TheDistressed Debt Forum

10.45Distressed debt trading: An increasingly importanttool for fund investment?• What market strategies are traders adopting and what are the current market challenges and factors they areresponding to?

• How do traders and platforms approach the hurdles ofaccurate pricing?

• Jurisdictional differences in trading activity: Negotiating the challenges of counterparty risk and contract conditionsin trades

Dermot Murphy, Managing Director, Credit SituationsGroup, HSBC

Kevin Lydon, Managing Director, SVP Global

11.30Morning coffee and networking break

12.00Non-performing loans: Searching for the gold inmixed portfolio offerings• Which sectors and tranches are banks looking to sell theirloans in?

• Do jurisdictional variations impact upon NPL acquisition?• What strategy do funds and advisors adopt in order to triagethese portfolios and maximize returns?

Graham Martin, Partner Global Leader Portfolio SolutionsGroup, KPMG LLP

Richard Klemmer, Partner, Oakwood Global Finance LLP

Daniel Meredith Jones, Group M&A Director, GroupCorporate Development, Lloyds Banking Group Plc

Moderator: Shane Swords, Director, Rubicon InfrastructureAdvisors

12.45High Street in distress: Investors and the pursuit ofyield in the retail sector• Where are debt funds looking to acquire on the high street • Is the acquisition of debt from a distressed retailer always ano-lose situation

• What has been learnt from recent restructurings such asGAME & Jaeger? What returns of investment have we seen?

Henry Jackson,Managing Partner and Chief Executive,OpCapita

13.15Chairman’s closing comments followed bynetworking lunch

Our Venue

Crowne Plaza City in London is a stylish hotel located in London’s historic Square Mile, located minutes from some of London’s most famous attractions. The hotel offers business travellers deluxeaccommodation and convenient access to the city’s major business districts, and is walking distance from landmarks such as The London Eye, St. Paul’s Cathedral and Covent Garden.

www.euromoneyseminars.com/ddebt13

TheDistressed Debt Forum

Now celebrating its 10th year, the Distressed Debt Forumwill bring together distressed debt investors, funds, lawyers,restructuring advisors, bankers and consultants to discuss theopportunities and strategies in restructuring and distresseddebt investing.

Do not miss your opportunity to hear high level discussion ondevelopments in the market, the shifting insolvency regimesacross Europe and the shifting dynamics between high yieldbonds and distressed debt.

2R Capital SpAA&L GoodbodyABN AmroAgam CapitalManagementAladdin CapitalManagementAlcentraAlchemy PartnersAlixPartnersAlpstar Capital S.AAlvarez & Marsal EuropeAmba Research IndiaPvt LtdAmerican AppraisalArganzuela CapitalAxial InvestmentsBabson CapitalBanca Intesa Ad BeogradBank of America -Merrill LynchBank of New YorkMellonBank of TokyoMitsubishi UFJ LtdBarclays Capital ServicesLtdBedell CristinBedell Trust CompanyLimitedBen Oldman

Berenberg BankBES InvestimentoBinghamBlackstoneBrookland PartnersCadwaladerWickersham & TaftCairn CapitalCantor FitzgeraldCapita Asset ServicesCastle Hill AssetManagementChenavari CreditAdvisors LtdChenavari InvestmentManagersCheyne CapitalManagementCIT Bank LtdCitcoClayton Euro RiskCleary Gottlieb Steen & HamiltonClifford ChanceClose Brothers GmbHCognis Capital LLPCommercial IntelligenceFunds GroupCommerzbank AGContrarian CapitalEuropean Advisors

Credit Suisse AGCuatrecasas GoncalvesPereira S L PCube Capital UK LtdDanske BankDebtXplainedDeloitte LLPDeutsche BankDL VenturesDTZ Asset ManagementEBF & AssociatesEndless LLPErnst & Young LLPEurobank Ergasias S.A.European CreditManagementEuropean InvestmentBankF&C InvestmentsFBME Bank LTDFitch RatingsFortelus CapitalManagementFreshfields BruckhausDeringerFRP AdvisoryGazelle CorporateFinanceGleacher ShacklockGreenhill & Company

Guggenheim PartnersEurope LimitedH.I.G. CapitalInternational AdvisorsLLP/BaysideHandelsbanken CapitalMarketsHelabaHIG CapitalHoulihan LokeyHSBCIBIIlliquidx LtdImperial Capital(International) LLPIndependent InvestorING Bank NVJones DayJP MorganK2 PartnersKBC Peel HuntKing Street EuropeanAdvisors LtdKirkland & EllisInternational LLPKPMGLBT Asset ManagementLinklaters LLPLiquidity Solutions, IncLiving GroupLloyds Banking Group

Loan Market AssociationLoanAxessMcGrathNicolMediobancaMerchant EquityPartnersMeritz SecuritiesMilbankMoelis and CompanyMoody's InvestorsService LimitedMorgan StanleyInvestmentManagementNM RothschildOakwood Global FinanceLLPOptions GroupOrrick Rambaud MartelPAGPaul HastingsPrime Finance &InvestmentRain Tree CapitalManagement Pte. Ltd.Resolute AssetManagementRichards Kibbe & OrbeSankaty AdvisorsSBI Capital MarketsSC Arch Industries SRL

SEB Venture CapitalSerac CapitalManagement LtdShearman & Sterling LLPSMW LawSouth SquareSpecial SituationsSquire Sanders &DempseyStandard & Poor'sStrategic Value PartnersSturgeon VenturesSun European PartnersSVP GlobalTenax CapitalThe MacDonaldPartnershipThe Royal Bank ofScotland (RBS)TMS Capital AdvisorsTPG Credit ManagementTrafalgar AssetManagersTravers SmithUS Bank GlobalCorporate TrustVenn PartnersWeilWhite & Case

Companies who have previously attended Distressed Debt include:

TheDistresse ebt Forum

Vickie Shoesmitht: +44 (0) 20 7779 8514e: vshoesmith@euromoneyplc.com

Fay Burtont: +44 (0) 20 7779 8557 e: fburton@euromoneyplc.com

Jack Clarket: +44 (0) 20 7779 8569 e: jclarke@euromoneyplc.com

Registration Speakers

• Learn from fund managers about their investmentstrategies in distressed debt

• Engage in debate about the opportunities in distresseddebt investing

• Network at lunches, coffee breaks, and cocktail receptions•Meet potential clients

Join us in November to:

Sponsorship

Spaces are limited so register early to secure your place. To register, call our events team on (UK) +44 (0)20 7779 7222 or simply email your details to Vickie Shoesmith at vshoesmith@euromoneyplc.com

TheDistressed Debt Forum

Payment can be made in one of three easy ways – please tick the appropriate box.

Credit Card: To make a payment by credit card, please register and pay online at www.euromoneyseminars.com/ddebt13 or call (UK) +44 (0)20 7779 7222 or (US) +1 212 901 3828

Cheques should be drawn on a UK Bank and made payable to Euromoney Seminars.

Payment by Bank TransferShould be made through Lloyds TSB Bank Plc, City Office, PO Box 72, Bailey Drive, Gillingham Business Park, Gillingham, Kent, ME8 0LS, UK.Beneficiary: Euromoney Seminars. Account No: 01938032Sort code: 30-00-02, IBAN No: GB 53 LOYD 300002 01938032Swift Address: LOYD GB2 LCTY quoting ELE1210.

Invoice me (option not available after 29th October 2013)Please complete and return this form together with a copy of your bank transfer or cheque, payable in £ to Euromoney Seminars, and send by post or fax to: Euromoney Seminars, Nestor House, Playhouse Yard, London EC4V 5EX, UKTel: (UK) +44 (0)20 7779 7222 or (US) +1 212 901 3828; Fax: (UK) +44 (0)20 7779 8603Email: registrations@euromoneyplc.comTo register and pay, please visit: www.euromoneyseminars.com/ddebt13

Venue:Crowne Plaza London – The City19 New Bridge Street,London,EC4V 6BDUnited Kingdom

Nearest Tube: Blackfriars

Travel & Accommodation:You wil be sent a hotel booking form with yourregistration confirmation. Please complete and returndirectly to the hotel in order to book your bedroom.

Cancellation policy:All bookings are consideredbinding on receipt of booking form. Cancellations must be received in writing (letter, fax, email) by 29th October 2013. All cancellations received by thisdate will incur a 10% administration fee. If payment has been made, a refund less 10% will be processed; any outstanding invoices will be liable for 10% of theregistration fee. Cancellations made after 29th October2013will be liable for the full conference fees. Shouldyou be unable to attend the event, a substitute mayattend in your place at no extra charge.

Registration fee: The registration fee includesparticipation in the conference, lunches and documentationmaterial, which will be available in electronic formatthe night before the event. Please use your usernameand password in order to access them. All bookingsare considered binding on receipt of the booking form.

Euromoney Seminars reserves the right to change thecurrency and pricing of conference at any time up tothe date of the event.

For immediate information on this and related events, please call our hotlinesTelephone: (UK) +44 (0)20 7779 7222 or (US) +1 212 901 3828or alternatively email:registrations@euromoneyplc.com

For further information on sponsorship or exhibition opportunities please contact Jack Clarke, Tel: +44 (0) 20 7779 8569,email: jclarke@euromoneyplc.com

Payment

Administrative information

To register for this event please complete your details below:Conference - Standard Rate after 4th October 2013 £1499

+ compulsory UK VAT @ 20%Total

Registration Fees Please quote ELE1210 on all correspondence 5 Easy Ways to RegisterOnline:www.euromoneyseminars.com/ddebt13Email:registrations@euromoneyplc.comFax:(UK) +44 (0)20 7779 8603Telephone:(UK) +44 (0)20 7779 7222 or (US) +1 212 901 3828Post:Vickie ShoesmithEuromoney SeminarsNestor HousePlayhouse YardLondon EC4V 5EXUKFor multibooking discounts please contact Vickie Shoesmith (vshoesmith@euromoneyplc.com)

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