Babson Capital Europe announces appointment of Andrew Godson as Head of Distribution

London -- 09 June 2008 -- Babson Capital Europe Limited ("Babson Capital Europe"), one of the largest leveraged loan managers in Europe, has announced the appointment of Andrew Godson as Head of Distribution. Andrew is responsible for Babson Capital Europe's global sales and distribution activities as well as distributing Babson Capital Management LLC products to European investors. He joined 2 June and reports to Ian Hazelton, Chief Executive of Babson Capital Europe.

Andrew joins the business from Citigroup ("Citi") where he ran Syndicate for CDOs and Structured Credit in Europe. While at Citi, Andrew was instrumental in the growth of Citi's CLO franchise into one of the biggest in Europe, and was responsible for the global distribution of more than 50 transactions. Prior to Citi, Andrew spent three years working in the Securitisation group at Nomura where he was involved in the structuring of CDOs and securitisation in esoteric asset classes.

Commenting on the appointment, Ian Hazelton said: "We are delighted that Andrew has joined Babson Capital Europe at this interesting time. The current loan market dislocation presents attractive investment opportunities, and Andrew's industry experience and background will help us continue the growth of our asset management business."

Babson Capital Europe is one of the largest senior and mezzanine leveraged loan fund managers in Europe. It has been investing in the European leverage loan market since 2001 and as of June 2008 has over €7 billion under management.


About Babson Capital Europe

Babson Capital Europe Limited was founded in 2000 as a platform for establishing an extensive multi-fund debt management business. Babson Capital Europe is a key player in the leveraged buyout debt market, offering existing and potential investors diverse investment opportunities with a variety of risk profiles. The firm invests in senior loans, mezzanine loans and buyout-related high-yield bonds, predominantly in Europe.

Babson Capital Europe currently has over €7 billion under management in eleven funds, four managed accounts and two warehouses.