Duke Capital Regulatory News (DUKE)

8 November 2017

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

Duke Royalty and Partners Value Investments LP announce Advisory Agreement

Duke Royalty, a public diversified royalty company, and Partners Value Investments LP, an investment partnership today announced an advisory agreement. Partners Value Investment LP ("PVI") is Duke's second largest shareholder with circa 9.6 per cent of the Company's issued share capital. Under the advisory agreement, PVI will provide input on transaction sourcing and capital raising activities.

In consideration for entering into the advisory agreement and to reflect the assistance received to date with the development of the Company's business, PVI has been issued 2,000,000 warrants to subscribe for shares in Duke at a price of 42p per share. The warrants may be exercised within a period of five years from the date of the agreement. PVI may be compensated in the future based on criteria agreed upon from time to time by Duke and PVI.

Neil Johnson, CEO of Duke commented, "We are pleased to benefit from the expertise of Partners Value Investments LP as we continue to build the royalty model of Duke. Having entered into the advisory agreement, which is complementary to our strategic collaboration with Oliver Wyman, Duke now has two relationships with companies with global reach and expertise which far exceeds anything our in-house team could replicate."

About Duke Royalty

Headquartered in Guernsey, Duke Royalty Limited provides alternative financing solutions to a diversified range of 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. For more information, visit dukeroyalty.com.

About Partners Value Investments LP

Partners Value Investments LP is an investment partnership whose principal investment is a 9% equity ownership interest in Brookfield Asset Management Inc. (NYSE:BAM), a global asset manager focused on Real Assets. Partners Value Investments LP also has a growing portfolio of other investments in a variety of companies and industries around the world. Their goal is to invest on a value basis in companies that can demonstrate an ability to produce consistent and durable cash flows and profits, in markets that are growing.

For further information about Partners Value Investments LP, please visit www.pvii.ca

For further information: