<div id="readability-page-1"><div>RNS Number : 0874A Chenavari Toro Income Fund Limited 19 September 2025 LEI: 549300POOPYI3IQZNS3519 September 2025Chenavari Toro Income Fund Limited (the &#34;Company&#34;)Notification of Transaction by Persons Discharging Managerial Responsibilities (PDMRs)<div><table><tbody><tr><td>1</td><td colspan="4">Details of the person discharging managerial responsibilities / person closely associated</td></tr><tr><td>a)</td><td>Name</td><td colspan="3">Colleen McHugh</td></tr><tr><td>2</td><td colspan="4">Reason for the notification</td></tr><tr><td>a)</td><td>Position/status</td><td colspan="3">Non-executive Director of Chenavari Toro Income Fund Limited</td></tr><tr><td>b)</td><td>Initial notification / Amendment</td><td colspan="3">Initial Notification</td></tr><tr><td>3</td><td colspan="4">Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor</td></tr><tr><td>a)</td><td>Name</td><td colspan="3">Chenavari Toro Income Fund Limited</td></tr><tr><td>b)</td><td>LEI</td><td colspan="3">549300POOPYI3IQZNS35</td></tr><tr><td>4</td><td colspan="4">Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted</td></tr><tr><td>a)</td><td>Description of the financial instrument, type of instrumentIdentification code</td><td colspan="3">Ordinary Shares of NPVGG00BWBSDM98</td></tr><tr><td>b)</td><td>Nature of the transaction</td><td colspan="3">Purchase of shares</td></tr><tr><td rowspan="2">c)</td><td rowspan="2">Price(s) and volume(s)</td><td>Shareholder</td><td>Price(s)</td><td>Volume(s)</td></tr><tr><td>Colleen McHugh</td><td>EUR 0.66 per share</td><td>15,000</td></tr><tr><td>d)</td><td>Aggregated information- Aggregated volume- Price- Principal amount</td><td colspan="3">15,000EUR 0.66 per share€9,900</td></tr><tr><td>e)</td><td>Date of the transaction</td><td colspan="3">18/09/2025</td></tr><tr><td>f)</td><td>Place of the transaction</td><td colspan="3">London Stock Exchange, Main Market</td></tr></tbody></table></div>Further information in relation to the Company is available at:http://www.chenavaritoroincomefund.comEnquiries:Guy GoyardChenavari Investment ManagersEmail: tlir@chenavari.comTelephone: +44 20 7259 3600This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy. END DSHBGGDCCBBDGUC</div></div>

TORO

Chenavari Toro Income Fund Limited announced that Colleen McHugh, a Non-executive Director, purchased 15,000 ordinary shares at EUR 0.66 each on 18 September 2025. The total transaction value was €9,900. This notification is part of the company's compliance with regulations regarding transactions by persons discharging managerial responsibilities.

REG - Chenavari Toro IncFd - Director/PDMR Shareholding