T. ROWE PRICE OHA SELECT PRIVATE CREDIT FUND ANNOUNCES DECEMBER 31, 2025 FINANCIAL RESULTS AND DECLARED TOTAL DISTRIBUTIONS OF $0.69 PER SHARE IN Q4 2025 (Form 8-K)

T. ROWE PRICE OHA SELECT PRIVATE CREDIT FUND ANNOUNCES DECEMBER 31, 2025 FINANCIAL RESULTS AND DECLARED TOTAL DISTRIBUTIONS OF $0.69 PER SHARE IN Q4 2025

New York (March 11, 2026) - T. Rowe Price OHA Select Private Credit Fund (the "Company" or "OCREDIT") today reported financial results and total distributions of $0.69 per share for the quarter ended December 31, 2025.

As private credit remains a key driver of financing solutions within credit markets, OCREDIT closed the fourth quarter with the addition of 16 new portfolio companies across a diverse range of industries, representing portfolio net growth of nearly $210.1 million. OCREDIT's $2.9 billion investment portfolio is now comprised of exposure to 135 portfolio companies across 22 unique sectors, and a weighted average portfolio yield of 10.0%. "OCREDIT remains focused on disciplined underwriting, portfolio quality, and risk management amid a volatile and dynamic market environment," said Eric Muller, OCREDIT'S Chief Executive Officer. "Private credit continues to play an important role for investors, supported by fundamental credit selection, structural protections, and direct engagement with borrowers. We believe these characteristics position the asset class well to navigate periods of uncertainty."

QUARTERLY HIGHLIGHTS3

•Inception-to-date1 annualized total return of 11.87%2;

•Net investment income per share was $0.65 with weighted average yield on debt and income producing investments, at amortized cost of 10.0%3, and earnings per share were $0.63;

•Distributions declared were $0.69 with a dividend yield of 10.3%;

•Net asset value per share as of December 31, 2025 was $26.89;

•Gross investment fundings were $464.6 million;

•Debt-to-equity as of December 31, 2025 was 0.90x, as compared to 0.80x as of September 30, 2025;

•The Company had total net debt outstanding of $1,441.9 million with a weighted average interest rate of debt of 6.5%. In the fourth quarter, TRP OHA SPV Funding I, LLC, a wholly owned subsidiary of OCREDIT, entered into the Third Amendment (the "Third Amendment") to the BNP Credit Agreement. The Third Amendment, among other things, (i) increased the maximum facility amount from $400.0 million to $500.0 million, (ii) reduced the applicable margin for advances to 1.85% per annum prior to the end of the reinvestment period, and (iii) updated the unused fee structure.

•During the fourth quarter of 2025, the Company issued 1,641,708 of Class I common shares for proceeds of $44.1 million, 529,167 of Class S common shares for proceeds of $14.2 million, and 1,271,077 of Class D common shares for proceeds of $34.2 million. From January 1, 2026

1 Inception is November 14, 2022.

2 Annualized total return based on net asset value calculated as the change in net asset value per share during the respective period, assuming distributions that have been declared are reinvested on the effects of the performance of the Company during the period. Past performance is no guarantee of future results.

3 Computed as (a) the annual stated interest rate or yield plus the annual accretion of discounts or less the annual amortization of premiums, as applicable, on income producing securities, divided by (b) the total relevant investments at amortized cost or fair value, as applicable.

through March 11, 2026, the Company received total proceeds of $93.3 million from common shareholders in connection with its public offering.4

•Subsequent to quarter end on January 30, 2026, the Company declared a regular distribution of $0.20 per share and a variable supplemental distribution of $0.03 per share, for total distributions of $0.23 per share, which was paid on or about March 4, 2026 to common shareholders of record as of January 30, 2026. On February 27, 2026, the Company declared a regular distribution of $0.20 per share and a variable supplemental distribution of $0.03 per share, for total distributions of $0.23 per share, which is payable on or about March 31, 2026 to common shareholders of record as of February 27, 2026.

DISTRIBUTIONS5

During the fourth quarter of 2025, the Company declared total distributions of $0.69 per share. As of December 31, 2025, the Company's annualized distribution yield was 10.3%.6

From January 1, 2026 through March 11, 2026, the Company declared the following distributions6:

($ per share)			January 30, 2026			February 27, 2026
Base Distribution			$	0.20		$	0.20
Variable Distribution			$	0.03		$	0.03
Total Distribution			$	0.23		$	0.23

SELECTED FINANCIAL HIGHLIGHTS

($ in thousands, unless otherwise noted)			Q4 2025			Q3 2025
Net investment income per share			$	0.65		$	0.65
Net investment income			$	37,347		$	35,275
Earnings per share			$	0.63		$	0.73
($ in thousands, unless otherwise noted)			As of December 31, 2025			As of September 30, 2025
Total fair value of investments			$	2,893,559		$	2,675,904
Total assets			$	3,081,289		$	2,759,432
Total net assets			$	1,588,246		$	1,501,124
Net asset value per share			$	26.89		$	26.94

INVESTMENT ACTIVITY

For the three months ended December 31, 2025, net investment fundings were $210.1 million. The Company invested $464.6 million during the quarter, including $241.7 million in 16 new companies and

4 Does not include common shares sold through the Company's distribution reinvestment plan.

5 Future distribution payments are not guaranteed. The Company may pay distributions from the sale of assets, offering proceeds, or borrowings.

6 Performance and share activity shown is indicative of Class I only, unless otherwise indicated.

$222.9 million in existing companies. The Company had $254.5 million of principal repayments and sales during the quarter.

($ in millions, unless otherwise noted)			Q4 2025			Q3 2025
Investment Fundings			$	464.6		$	377.2
Sales and Repayments			$	254.5		$	164.7
Net Investment Activity			$	210.1		$	212.5

As of December 31, 2025, the Company's investment portfolio had a fair value of $2,893.6 million, comprised of investments in 135 portfolio companies operating across 22 different industries. The investment portfolio at fair value was comprised of 90.4% first lien loans, 7.8% second lien loans, 1.5% preferred equity investments and 0.3% common stocks. In addition, as of December 31, 2025, 97.5% of the Company's debt investments based on fair value were at floating rates and 2.5% were at fixed rates. There were no investments on non-accrual status.