Calculated at $87.00
per $1,000,000.00 of the Transaction Valuation in accordance with Rule 0-11 under the Securities Exchange Act of 1934, as amended
(the “Exchange Act”), as modified by Fee Rate Advisory No. 1 for Fiscal Year 2027.
[2]
Calculated as the
aggregate maximum purchase price for common shares of beneficial interest, par value $0.01 per share, of Lord Abbett Private Credit
Fund S (“Shares”), based upon the net asset value per Share as of August 31, 2026 of $24.64. This amount is based upon
the offer to purchase up to 430,630.38 Shares.