Market Update

12 February 2020

SQN Asset Finance Income Fund Limited

Market Update

Changes within the Investment Manager

SQN Asset Finance Income Fund Limited (the "Company"), the leading diversified equipment leasing fund listed in the UK has been notified of the following information by its Manager, SQN Capital Management, LLC:

Neil Roberts, who has been Managing Director of SQN Capital Management (UK) Limited, the Company's joint Investment Manager, is leaving that company in accordance with a timeframe established in 2014 at the time of Company's Initial Public Offering.

He will however continue in his role as Chairman of the US parent company, which is the Company's Alternative Investment Fund Manager ("AIFM") and continue to provide support on the Anaerobic Digestion ("AD") segment of the portfolio.

For further information please contact:

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.