Board Committees

17 September 2018

RANGER DIRECT LENDING FUND PLC (or the "Company")

Board Committees

The Board of the Company (the "Board") announces that the Princeton Committee of the Board has been extended to include all Board members in order to enable the Board to deepen its focus on the recovery of the Princeton investment.

The Board also announces that a new working committee, to be called the ZDP Committee, has been formed to analyse, consider and implement the Company's actions with respect to its subsidiary Ranger Direct Lending ZDP plc ("Ranger ZDP") and the zero dividend preference shares issued by Ranger ZDP. The ZDP Committee consists of Dominik Dolenec, Brett Miller and Gregory Share. For clarity, the ZPD Committee excludes any directors of Ranger ZDP which at the date of this meeting are Brendan Hawthorne and Jonathan Schneider.

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LEI: 549300VGZSKYQ7C2U221