Corporate Update

12 October 2015

Ranger Direct Lending Fund PLC

(The "Company")

CORPORATE UPDATE

The Company announces that it is conducting investor update meetings in the coming days. As part of this update, and ahead of the formal monthly NAV update later this month, the Company estimates that as at 30 September 2015 it had deployed 56% of its IPO proceeds and achieved NAV growth of 0.37% in September 2015.

This document is for information purposes only and is not an offer to invest. All investments are subject to risk. Past performance is no guarantee of future returns. Prospective investors are advised to seek expert legal, financial, tax and other professional advice before making any investment decision. The value of investments may fluctuate. Results achieved in the past are no guarantee of future results.

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