The listing of the following securities has been cancelled with effect from 16 July 2026:

Name of Issuer:

CQS US CLO 2025-4, Ltd. and CQS US CLO 2025-4, LLC

Number and Description of Securities:

U.S.$40,000,000 Class B Senior Secured Floating Rate Notes Due 2036

Type of listing:

Specialist debt securities

Reason for Cancellation:

Refinancing