GLIF.L Regulatory News (GLIF)

8 December 2015

GLI FINANCE LIMITED ("GLI" or the "Company")

Appointment of Alternate Directorand interim Audit Committee Chairman

The GLI Board wishes to advise that Mr John Whittle has been appointed as an alternate director to Mr James Carthew and will act as the Company's interim chairman of the Audit Committee with immediate effect.

John has a background in large third party Fund Administration. He has worked extensively in high tech service industries and has in-depth experience of strategic development and mergers/acquisitions. He has experience of listed company boards as well as the private equity, property and fund of funds sectors. He is currently a director of International Public Partnerships Ltd (a member of the FTSE250), Starwood European Real Estate Finance Limited (listed on the main market of the London Stock Exchange), Toro Limited (admitted to trading on the Specialist Fund Market of the London Stock Exchange) and three companies admitted to trading on AIM, India Capital Growth Fund Ltd, Advance Frontier Markets Fund Ltd and Globalworth Real Estate Investment ("Globalworth"). John is also chairman of Globalworth's Audit and Remuneration Committees.

John, a Chartered Accountant, has also served as Finance Director of Close Fund Services 66 Limited (responsible for internal finance and client financial reporting), Managing Director of Hugh Symons Group PLC and Finance Director and Deputy MD of Talkland International Limited (now Vodafone Retail).

For further details, please contact:

GLI Finance Limited

Geoffrey Miller

+1 203 916 0003

+44 7408 830719

Panmure Gordon (Nominated Adviser and Corporate Broker)

Dominic Morley / Tom Salvesen

+44 (0)20 7886 2500

Peter Steel

+44 (0)113 357 1150

Camarco (PR Advisor)

Ed Gascoigne-Pees

+44 (0)203 757 4984

+44 (0)788 400 1949

Hazel Stevenson

+44 (0)203 757 4989

+44 (0)798 600 9720

About GLI Finance Limited

GLI Finance (www.glifinance.com) is a specialist provider of finance to small and medium sized enterprises. Its ordinary shares are quoted on AIM and its issued zero dividend preference shares are listed and traded on the main market of the London Stock Exchange (ticker GLIF (Ord) and GLIZ (2019 ZDP)). GLI Finance both invests in loans to SMEs and originates finance for SMEs through a variety of finance platforms.

The platforms in which GLI Finance is invested vary by geography, industry, size of lending and by type of lending. They include Global Trade Finance, UK and US SME Lending, Offshore Lending, UK invoice discounting, European invoice discounting, Global multi-asset crowd funding and UK property-backed lending.

Appendix 1: disclosures required pursuant to Rule 17 and Schedule 2(g) of the AIM Rules

Mr John Richard Whittle (age 60) is currently a director of, or during the past five years has been a director of, the following companies:

Mr Whittle does not hold any shares in the Company.

Save as set out in this announcement, there are no further details to be disclosed under AIM Rule 17 or paragraph (g) of Schedule 2 to the AIM Rules in respect of Mr Whittle.