Director/PDMR Shareholding

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Stephen Vakil

2

Reason for the notification

a)

Position/status

Non-Executive Director

b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

NB Distressed Debt Investment Fund Limited

b)

LEI

YRFO7WKOU3V511VFX790

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

New Global Shares

NBDG

b)

Nature of the transaction

Capital Distribution - Compulsory redemption of shares

c)

Price(s) and volume(s)

d)

Aggregated information

- Aggregated volume

- Price

4,489 deduction

£4,249.73 (cash value)

e)

Date of the transaction

29 May 2018

f)

Place of the transaction

London