CarVal Investors’ business model is distinctive in its simplicity and has at its core the following goals and objectives:

• Bring liquidity to undercapitalized or illiquid markets.
• Limit downside via fundamental analysis, investment discipline and dynamic risk management.
• Establish long-term relationships with market participants through the use of transaction structures that align interests and create win-win scenarios.
• Restructure or otherwise add value to complex situations via creative solutions and specialized servicing relationships.
• Differentiate itself in its ethics and in the way it conducts business.
• Attract and retain the best employees in the sector.

These provide the framework through which CarVal Investors can pursue the opportunistic value investments it has become known for.