Duke Capital Regulatory News (DUKE)

26 April 2018

Duke Royalty Limited

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

GBP 2.0 million follow-on contribution to existing royalty partner Lynx UK

Duke Royalty Limited (AIM: DUKE), a provider of alternative capital solutions to a diversified range of profitable and long-established businesses in Europe and abroad, is pleased to announce a further contribution of GBP 2.0 million into its royalty partner Lynx Equity (U.K.) Limited ("Lynx UK").

Based on the new increased aggregate investment of GBP 9.0 million, Duke will be entitled to higher monthly distributions ("Distributions") from Lynx UK, beginning in June 2018, which will total GBP 1.08 million per annum.

As previously announced on 11 November 2017, Duke stated that Lynx UK had recently completed its third European acquisition of PartnerService, a long standing and profitable Danish commercial cleaning business started in 2003 by two brothers.

Duke's further contribution provides Lynx UK with the capital to fund, in full, the deferred consideration payable over the next two years to the vendors of PartnerService. This additional contribution forms part of Duke's planned follow-on investment into Lynx UK as it diversifies its portfolio and acquires new businesses. Lynx UK also continues to evaluate further UK and European companies to acquire and Duke looks forward to being able to announce news in this regard in due course.

Duke is pleased to report that it has now fully deployed the cash raised from the two equity placings it completed in March 2017 and December 2017. All investments made to date are within its stated goals in terms of cash yields and term, as referenced in Duke's Admission Document dated March 2017.

Neil Johnson, Chief Executive Officer commented:

"We are pleased with the response from European private companies to our alternative finance solution. We feel our solution benefits both our royalty partners and our shareholders in the long term. Going forward, Duke is committed to keeping its operating costs at a level where the incremental capital deployment will lead to increases in its cash flow per share.

"We continue to make good progress on our deal pipeline, with advanced discussions in place with a number of other potential new royalty partners and we look forward to updating shareholders in due course."

***ENDS***

For further information, please contact 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 and exclusive partnership 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.

About Lynx UK

Lynx UK is a subsidiary of Lynx Equity which is a Toronto-based private firm that seeks to acquire, own and operate mature, old-economy businesses in a diverse range of industries. Over its 10-year history, Lynx has made over 40 acquisitions and grown revenue to over C$300 million per annum for its financial year ended 31 July 2017. Lynx has been recognized as one of Canada's Fastest-Growing Companies three years in a row in the PROFIT 500, the definitive ranking published by Canadian Business magazine based on five-year revenue growth. PartnerService offers commercial cleaning services to offices, schools, retail shops and other commercial institutions and has been operating profitably for over a decade and has many years of continued revenue growth.

For further information on Lynx Equity, please visit www.lynxequity.com

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.