Investor Report as at 31 December 2018

GCP Asset Backed Income Fund Limited

(the "Company" or "GCP Asset Backed")

LEI: 213800FBBZCQMP73A815

Investor Report as at 31 December 2018

31 January 2019

GCP Asset Backed, which invests in asset backed loans, is pleased to announce the publication of its investor report, which is available at www.graviscapital.com/funds/gcp-asset-backed/literature.

For further information, please contact:

Gravis Capital Management Limited

+44 (0) 20 3405 8500

David Conlon

Dion Di Miceli  

Cenkos Securities plc

+44 (0)20 7397 8900

Tom Scrivens

Oliver Packard  

Sapna Shah  

Notes to Editors

The Company

GCP Asset Backed is a closed ended investment company traded on the Main Market of the London Stock Exchange. Its investment objective is to generate attractive risk-adjusted returns primarily through regular, growing distributions and modest capital appreciation over the long term.

The Company seeks to meet its investment objective by making investments in a diversified portfolio of predominantly UK based asset backed loans which have contracted, predictable medium to long term cash flows and/or physical assets.