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Disruptive to traditional asset management and gaining share within faster growing alternative category Client Centric Balanced Business Locked-In Assets High Growth The largest and most sophisticated investors trust us to deliver solid returns (25+ year track record of outperformance Scale, leading businesses across all alternatives with a deep culture of leveraging shared intellectual capital Over 70% of assets under long-term contracts driving stable cash flow Organic growth of 20% per year for past four years, substantially faster than traditional asset managers Blackstone 15

Important Disclosures Page 4: GSO Investment Results Past performance is not necessarily indicative of future results, and there can be no assurance that such returns will be achieved, that any GSO fund will achieve comparable results or that the GSO fund will be able to implement its investment strategy or achieve its investment objectives. Any comparisons herein of the investment performance of a referenced fund(s to a benchmark or an index are qualified as follows: (i the volatility of such benchmark or index may be materially different from that of the referenced fund(s; (ii such benchmark

or index may employ different investment guidelines and criteria than the referenced fund(s and, therefore, holdings in such fund(s may differ significantly from holdings of the securities that comprise such benchmark or index; and (iii the performance of such benchmark or index may not necessarily have been selected to represent an appropriate benchmark or index to compare to the performance of the referenced fund(s, but rather, is disclosed to allow for comparison of the referenced fund’s (or funds’ performance (or the performance of the asse ts held by such fund(s to that of a well-known benchmark or index. A summary of the investment guidelines for any such benchmark or index is available upon request. No representation is made as to the risk profile of any benchmark or index relative to the risk profile of a fund. The benchmarks on page 4 are as follows: CS High Yield Index + 200bps, DJ CS Event Driven Distressed, HFRI Fund Weighted Composite, Credit Suisse (CS Leveraged Loan Index and Composite of Business Development Companies. Credit Suisse (CS High Yield Index is an unmanaged market value-weighted index designed to mirror the investable universe of the U.S. dollar-denominated high yield debt market. New issues are added to the index upon issuance if they qualify according to the following criteria: issues must be publicly registered in the United States or issued under Rule 144A with registration rights; issues must be rated “BB” or lower; the minimum amount outstanding is $75 million; and issues must be U.S. dollar-denominated straight corporate debt, including cash-pay, zero-coupon, stepped-rate and pay-in-kind (PIK bonds. Floating-rate and convertible bonds and preferred stock are not included; if an issuer has more than two issues outstanding, only the two most liquid issues are included in the index. The Dow Jones Credit Suisse Event Driven Distressed Index measures the aggregate performance of event driven funds that focus on distressed situations. These funds typically invest across the capital structure of companies subject to financial or operational distress or bankruptcy proceedings. The HFRI Fund Weighted Composite Index is a global, equal-weighted index of over 2,000 single-manager funds that report to HFR Database. Constituent funds report monthly net of all fees performance in US Dollar and have a minimum of $50 Million under