Gcp Asset Bckd Regulatory News (GABI)

25 January 2016

Project Finance Investments Limited

(the "Company")

Director/PDMR shareholding

Project Finance Investments Limited has been notified that Stephen West and his wife sold in aggregate 100,000 Ordinary Shares of £0.01 each in the Company on 21 and 22 January 2016 at an aggregate price of 100.6875 pence per share. Stephen West's resultant beneficial holding in the Company (in aggregate with the beneficial holdings of his wife) is as shown below:

Director / PDMR

Stephen West

Number of Ordinary shares

400,000

Total percentage holding in the total voting rights of the Company as at 25 January 2016

0.38%

The above figures have been calculated using the Company's latest total voting rights figure of 106,000,002.

Stephen is a partner of Gravis Capital Partners LLP, which submits investment recommendations to the Company's Investment Committee. Accordingly the Company is treating him as if he was a PDMR and this disclosure is made because of his connection with the Investment Adviser.

For further information, please contact:

Gravis Capital Partners LLP

Stephen Ellis +44 (0)20 7518 1495

Cenkos Securities

Dion Di Miceli +44 (0)20 7397 1921

Tom Scrivens +44 (0)20 7397 1915

Buchanan +44 (0)20 7466 5000

Charles Ryland

Victoria Watkins