Duke Capital Regulatory News (DUKE)

11 January 2021

Duke Royalty Limited

("Duke Royalty", "Duke" or the "Company")

Appointment of Chief Investment Officer

Duke Royalty Limited (AIM: DUKE), a provider of capital solutions to a diversified range of profitable and long-established businesses in Europe and abroad, is pleased to announce the senior management appointment of Mr. Peter Madouros as its Chief Investment Officer. Peter has extensive private equity and credit experience and will operate out of Duke's London office. Jim Webster, who has been Chief Investment Officer and a member of Duke's Investment Committee since 2016, will continue to provide his experience, support and leadership as Chair of the Investment Committee.

In light of the Company's growing pipeline of opportunities driven by business owners' desires turn to long-term capital solutions, Mr. Madouros' appointment provides Duke Royalty's Investment team with additional expertise, particularly in the European non-bank credit sector and increases capacity for origination and execution of new transactions. Formerly a senior member of the investment team at Pollen Street Capital, Duke Royalty's debt provider, Mr. Madouros has a strong track record of working closely with UK SMEs to assess their needs and structure appropriate capital solutions. He will be responsible for conducting the due diligence and negotiations on prospective investment opportunities, directing the execution of royalty transactions approved by the Duke Royalty board and monitoring royalty investments made by the Company.

Prior to his role at Pollen Street Capital, Mr. Madouros served as an investment professional at Moore Capital Management, a multi-strategy hedge fund focused on global financial markets. Mr. Madouros holds a BA from Cornell University, where he graduated Magna cum Laude, and an MBA from Columbia Business School.

Neil Johnson, CEO of Duke Royalty, said:

"Peter has a deep understanding of our business, having previously been our key point of contact at Pollen Street Capital, so his decision to join Duke Royalty serves as a strong endorsement of our business model and its exciting future growth potential. Peter's career has been spent in the non-bank credit markets, which gives us additional expertise and relationships as we grow Duke Royalty. His UK presence means that he is ideally placed to work closely with our current and future royalty partners to listen to their requirements and evaluate their suitability.

"I am excited that we found a person of Peter's calibre to transition from Jim, who has been invaluable in establishing our initial capital and portfolio, as our Chief Investment Officer. Jim has now successfully launched three royalty companies in three countries which today run collectively over $5 billion. We look forward to his continued valuable role as Chair of the Investment Committee."

Jim Webster, Chair of Duke Royalty's Investment Committee, said:

"I welcome Peter's appointment as Duke expands its diversified portfolio of royalty partners. Peter brings additional leadership and knowledge to a dedicated team of investment professionals which will further deepen Duke's disciplined investment culture."

The Investment Committee is now comprised of:

Chair

Jim Webster

Executive members:

Neil JohnsonCharles Cannon BrookesPeter Madouros

Independent members:

Andrew Carragher - Founder and Managing Partner of DW Healthcare PartnersJohn Romeo - Managing Partner and CEO of Oliver Wyman Forum

Justin Cochrane - CEO of Conic Metals

***ENDS***

For further information, please visit www.dukeroyalty.com or contact:

About Duke Royalty

Duke Royalty Limited provides alternative capital solutions to a diversified range of profitable and long-established businesses in Europe and abroad. Duke Royalty's experienced team provide financing solutions to private companies that are in need of capital but whose owners wish to maintain equity control of their business. Duke Royalty's royalty investments are intended to provide robust, stable, long-term returns to its shareholders. Duke Royalty is listed on the AIM market under the ticker DUKE and is headquartered in Guernsey.