Net Asset Value(s)

Fund name:

Axiom European Financial Debt Fund Limited

NAV Date:

17 December 2018

NAV estimate (cum-income):

90.98 pence per ordinary share

ISIN:

GG00BTC2K735

Sedol:

BTCK73 GB

Incorporated in Guernsey, with registration number 61003.

The daily NAV estimate stated in this announcement has been produced by CACEIS Bank, Luxembourg Branch, and is the responsibility of the Company's Investment Manager, Axiom Alternative Investments SARL.

The NAV per share figure in this announcement is an estimate and is based on unaudited estimated valuations. The month-end NAV per share prepared by the Company's Administrator, Elysium Fund Management Limited, may differ from the daily NAV estimate, which should be taken as indicative and which has been provided for information only. To the greatest extent permitted by applicable law and regulation, the Company disclaims any liability in relation to the accuracy of the daily NAV estimate provided in this announcement.

For further information please visit www.axiom-ai.com.

Enquiries to:

Axiom Alternative Investments SARL

David Benamou, Managing Partner

Jerome Legras, Managing Partner

Tel: + 44 (0)20 3807 0670

Elysium Fund Management Limited

axiom@elysiumfundman.com

Tel: +44 (0)1481 810 100

MHP Communications (Financial PR Adviser)

Reg Hoare / Giles Robinson / Charles Hirst

Tel: +44 (0)20 3128 8100