Sec Form 4 Filing - ARES MANAGEMENT LLC @ Savers Value Village, Inc. - 2023-07-03

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person ARES MANAGEMENT LLC 2. Issuer Name and Ticker or Trading Symbol Savers Value Village, Inc. [ SVV] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director X __ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 2000 AVENUE OF THE STARS,, 12TH FLOOR 3. Date of Earliest Transaction (MM/DD/YY) 07/03/2023 (Street) LOS ANGELES, CA90067 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) _____ Form filed by One Reporting Person __ X __ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 07/03/2023 S 6,885,415 D $ 16.785 134,659,188 I See footnotes ( 1 ) ( 2 ) ( 3 ) ( 4 )

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other ARES MANAGEMENT LLC 2000 AVENUE OF THE STARS, 12TH FLOOR LOS ANGELES, CA90067 X ACOF Investment Management LLC 2000 AVENUE OF THE STARS, 12TH FLOOR LOS ANGELES, CA90067 X Ares Corporate Opportunities Fund V, L.P. 2000 AVENUE OF THE STARS, 12TH FLOOR LOS ANGELES, CA90067 X ASSF Operating Manager IV, L.P. 2000 AVENUE OF THE STARS, 12TH FLOOR LOS ANGELES, CA90067 X ASSF IV AIV B Holdings III, L.P. 2000 AVENUE OF THE STARS, 12TH FLOOR LOS ANGELES, CA90067 X ASSF IV AIV B, L.P. 2000 AVENUE OF THE STARS, 12TH FLOOR LOS ANGELES, CA90067 X ASOF Investment Management LLC 2000 AVENUE OF THE STARS, 12TH FLOOR LOS ANGELES, CA90067 X ASOF Holdings I, L.P. 2000 AVENUE OF THE STARS, 12TH FLOOR LOS ANGELES, CA90067 X Signatures Ares Management LLC, By: /s/ Naseem Sagati Aghili, Authorized Signatory 07/05/2023 Signature of Reporting Person Date ACOF Investment Management LLC, By: /s/ Chris Kerezsi, Authorized Signatory 07/05/2023 Signature of Reporting Person Date Ares Corporate Opportunities Fund V, L.P., By: ACOF Investment Management LLC, its manager, By: /s/ Chris Kerezsi, Authorized Signatory 07/05/2023 Signature of Reporting Person Date ASSF Operating Manager IV, L.P., By: /s/ Chris Kerezsi, Authorized Signatory 07/05/2023 Signature of Reporting Person Date ASSF IV AIV B Holdings III, L.P., By: ASSF Operating Manager IV, L.P., its manager, By: /s/ Chris Kerezsi, Authorized Signatory 07/05/2023 Signature of Reporting Person Date ASSF IV AIV B, L.P., By: ASSF Operating Manager IV, L.P., its manager, By: /s/ Chris Kerezsi, Authorized Signatory 07/05/2023 Signature of Reporting Person Date ASOF Investment Management LLC, By: /s/ Chris Kerezsi, Authorized Signatory 07/05/2023 Signature of Reporting Person Date ASOF Holdings I, L.P., By: ASOF Investment Management LLC, its manager, By: /s/ Chris Kerezsi, Authorized Signatory 07/05/2023 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Following the transactions reported herein, includes 75,682,654 shares held by Ares Corporate Opportunities Fund V, L.P. ("ACOF V"), 9,967,710 shares held by ASSF IV AIV B Holdings III, L.P. ("ASSF IV AIV Holdings"), 9,110,184 shares held by ASSF IV AIV B, L.P. ("ASSF IV AIV") and 37,388,017 shares held by ASOF Holdings I, L.P. ("ASOF Holdings I"). Also includes 2,510,623 shares (the "Managed Shares") held by an account managed by ASSF Operating Manager IV, L.P. with respect to which the Ares Entities (as defined below) may be deemed to have shared voting or dispositive power. The Ares Entities disclaim beneficial ownership of the Managed Shares for purposes of Section 16 and this report shall not be deemed an admission that any of the Ares Entities are the beneficial owner of the Managed Shares for purposes of Section 16 or for any other purpose. ( 2 )Ares Partners Holdco LLC ("Ares Partners") is the sole member of each of Ares Voting LLC and Ares Management GP LLC, which are respectively the holders of the Class B and Class C common stock of Ares Management Corporation ("Ares Management"), which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. ( 3 )Ares Management is the sole member of Ares Holdco LLC, which is the general partner of Ares Management Holdings L.P., which is the sole member of Ares Management LLC, which is: (i) the sole member of ACOF Investment Management LLC, which is the manager of ACOF V; (ii) the general partner of ASSF Operating Manager IV, L.P., which is the manager of each of ASSF IV AIV Holdings and ASSF IV AIV; and (iii) the sole member of ASOF Investment Management LLC, which is the manager of ASOF Holdings I. We refer to all of the foregoing entities collectively as the Ares Entities. ( 4 )Each of the Ares Entities may be deemed to share beneficial ownership of the securities reported herein, but each disclaims any such beneficial ownership of securities not held of record by them. Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the "Board Members"). Mr. Ressler generally has veto authority over Board Members' decisions. Each of these individuals disclaims beneficial ownership of the securities that may be deemed to be beneficially owned by Ares Partners.

Remarks: Due to the limitations of the electronic filing system, each of Ares Partners Holdco LLC, Ares Voting LLC, Ares Management GP LLC, Ares Management Corporation, Ares Holdco LLC and Ares Management Holdings L.P. are filing a separate Form 4.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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