Distrib. Fin. Regulatory News (DFCH)

8 September 2020

For Immediate Release

DISTRIBUTION FINANCE CAPITAL HOLDINGS PLC (the "Company")

RESULTS OF GENERAL MEETING

Introduction

Further to the announcement on 21 August 2020, the Company is pleased to announce that at its General Meeting held earlier today, all resolutions were duly passed.

Accordingly, the Company has today:

· authorised the issue and allotment of 4,906,776 Subscription Shares (being equal to the number of Buy-back Shares) at 1 pence per Subscription Share, the proceeds of which will enable the Company to fund the Buy-backs out of a fresh issue of shares;

· approved the terms of the EBT Buy-back Agreement and the Watrium Buy-back Agreement; and

· authorised the allotment of the Subscription Shares on a non pre-emptive basis.

Admission to Trading on AIM and Completion of the Buy-backs and Subscription

As set out in the announcement on 21 August 2020, application for admission to trading of the Subscription Shares has been made and it is anticipated that Admission will take place at 8.00 a.m. on 9 September 2020. The Buy-backs and the Subscription will both complete on Admission, whereupon the Ordinary Shares transferred to the Company pursuant to the Buy-backs will be immediately cancelled, and therefore the issued share capital of the Company will be the same before and after Admission.

Terms used in this announcement shall have the same meanings as those defined in the announcement on 21 August 2020.

[1] As set out in the Circular, the EBT did not vote its shares which are the subject of the EBT Buy-back on resolution 2 and Watrium did not vote its shares which are the subject of the Watrium Buy-back on resolution 3.

The full details of the votes cast are as follows:

Enquiries: