Statement by General Partner

LIMITED PARTNERSHIPS ACT 1907Limited Partnerships Act 1907Limited Partnerships Act 1907, s. 102019-01-012019-01-112019-01-18TSO (The Stationery Office), St Crispins, Duke Street, Norwich, NR3 1PD, 01603 622211, customer.services@tso.co.uk319174762536

LIMITED PARTNERSHIPS ACT 1907

Notice is hereby given that, pursuant to section 10 of the Limited Partnerships Act 1907, on 1 January 2019, Patrick Kelly Mayer transferred the whole of his interest held in Lion Capital Fund III SBS (USD), L.P., a limited partnership registered in Scotland with number SL008406 (the "Partnership"), including his capital contribution of $100, to Traveller Capital Partners III, LP. Accordingly, with effect from that date, Traveller Capital Partners III, LP was admitted as a limited partner to the Partnership in respect of the interest transferred and Patrick Kelly Mayer ceased to be a limited partner in the Partnership.

for and on behalf

Lion Capital LLP

as manager of

Lion Capital Fund III SBS (USD), L.P.

Dated: 11 January 2019