Director/PDMR Shareholding

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Ranger Alternative Management II, LP

2

Reason for the notification

a)

Position/status

Person closely associated with K Scott Canon, a director of Ranger Direct Lending Fund plc

b)

Initial notification/Amendment

Initial Notification

3

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

a)

Name

Ranger Direct Lending Fund PLC

b)

LEI

549300VGZSKYQ7C2U221

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 £0.01 each

GB00BW4NPD65

b)

Nature of transaction

Purchase of Shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

870p

15

d)

Aggregated information

- Aggregated volume

- Price

N/A (Single transaction)

e)

Date of the transaction

15/06/2017

f)

Place of the transaction

London Stock Exchange, XLON