January and February Net Asset Values

31 March 2020

SQN Asset Finance Income Fund Limited ("the Company")

Net Asset Values ("NAVs") for 31 January 2020 and 29 February 2020

for the Ordinary Share Class

Following the Company's earlier RNS today announcing the NAV for the Ordinary Share Class as at 31 December 2019, the Company now announces the following additional NAVs:

As at 31 January 2020, the unaudited estimated NAV per Ordinary Share* was 71.98 pence.

As at 29 February 2020, the unaudited estimated NAV per Ordinary Share* was 71.33 pence.

*NAV Footnote

The Ordinary Share NAVs are quoted before deducting the 0.6042 pence per share dividends, announced on:

· 24 January 2020 that went ex-dividend on 6 February 2020 and was paid on 28 February 2020 (for the 31 January 2020 NAV); and

· 21 February 2020 that went ex-dividend on 5 March 2020 and was paid on 27 March 2020 (for the 29 February 2020 NAV).

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Notes to Editor

The Company invests in equipment lease and asset finance arrangements across a diverse portfolio of assets and industries predominantly in the UK, Northern Europe and US. The Company focuses on business-essential, revenue-producing (or cost saving) equipment and other assets with high in-place value and long economic life relative to the investment term.

The Company's Investment Managers are SQN Capital Management, LLC, a Registered Investment Advisor with the United States Securities and Exchange Commission and its subsidiary, SQN Capital Management (UK) Limited. The principal responsible for managing the portfolio is Jeremiah Silkowski.