Notice of GM

2 December 2016

Alcentra European Floating Rate Income Fund Limited

Notice of Extraordinary General Meeting

The Company announces that it has posted to shareholders a circular and notice convening an Extraordinary General Meeting of the Company ("EGM"). The EGM will be held at the Company's registered office, BNP Paribas House, St Julian's Avenue, St Peter Port, Guernsey GY1 1WA on 22 December 2016 at 16:00 GMT.

Copies of the Notice of Extraordinary General Meeting may be obtained on request from the Company's registered office at the above address and are available on the Company's website: www.aefrif.com

Enquiries:

BNP Paribas Securities Services S.C.A., Guernsey Branch

Company Secretary

Jasper Cross

+44(0) 1481 750859

Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.