Director/PDMR Shareholding

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Trudi Clark

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

Alcentra European Floating Rate Income Fund Limited

b)

LEI

549300BZ4K4RM8RKES49

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

Ordinary shares of no par value

GG00B6116N85

b)

Nature of the transaction

 Acquisition

c)

Price(s) and volume(s)

d)

Aggregated information

7,500

96.392 pence

e)

Date of the transaction

31 January 2019

f)

Place of the transaction

London Stock Exchange