Result of General Meeting

Fair Oaks Income Limited

3 April 2018

FAIR OAKS INCOME LIMITED (the "Company")

(Incorporated in Guernsey under The Companies (Guernsey) Law, 2008, as amended, with registered number 58123 and registered as a Registered Closed-ended Collective Investment Scheme with the Guernsey Financial Services Commission)

RESULTS OF GENERAL MEETING

The Board of the Company is pleased to announce that, at the reconvened General Meeting of the Company held earlier today, the following proposed resolutions were approved by shareholders on a poll.

The number of Shares voted in person or by proxy on the resolutions, each of which was proposed as an extraordinary resolution, was as follows.

1. THAT the Directors be empowered to issue up to 40 million 2017 Shares.

288,232,498 votes were in favour of the resolution (99.99% of votes cast) and 3,731 votes were against (0.01% of votes cast). No votes were withheld.

2. THAT the Directors be empowered to issue up to a further 40 million 2017 Shares.

288,232,498 votes were in favour of the resolution (99.99% of votes cast) and 3,731 votes were against (0.01% of votes cast). No votes were withheld.

Further to the announcement made on 29 March 2018, following the passing of Resolution 1, 35 million new 2017 Shares will be admitted to trading on the Specialist Fund Segment of the Main Market on 4 April 2018.

LEI: 2138008KETEC1WM5YP90

Enquiries:

Fair Oaks Income Limited

Email: contact@fairoaksincome.com

Web: www.fairoaksincome.com

Fair Oaks Capital Limited

Investor Relations

DDI: +44 (0) 20 3034 0400

Email: ir@fairoakscap.com

Praxis Fund Services Limited

Ben Le Prevost

DDI: +44 (0) 1481 755524

Email: Ben.LePrevost@praxisifm.com

Numis Securities Limited

Nathan Brown, Corporate Broking

DDI: +44 (0) 20 7260 1426

Email: n.brown@numis.com 

Fair Oaks Income Limited

Fair Oaks Income Limited is a registered closed-ended investment company incorporated in Guernsey. The Company was admitted to trading on the Specialist Fund Market of the London Stock Exchange (now the Specialist Fund Segment of the Main Market of the London Stock Exchange) on 12 June 2014.

The investment policy of the Company is to invest (either directly and/or indirectly through the Master Fund and/or Master Fund II) in US and European CLOs or other vehicles and structures which provide exposure to portfolios consisting primarily of US and European floating-rate senior secured loans and which may include non-recourse financing. The Company will implement its investment policy by remaining invested in the Master Fund and making new investments in Master Fund II.