Result of Meeting

22 May 2018

SQN Asset Finance Income Fund Limited

Result of General Meeting and Class Meetings

Further to the shareholder circular dated 1 May 2018 (the "Circular") the Board of SQN Asset Finance Income Fund Limited (the "Company") is pleased to announce that each resolution relating to the proposed capital return of £40 million to holders of C Shares (the "Capital Return") and an extension of the date at which the Company is required to convert the C Shares in issue into New Ordinary Shares, put to Shareholders today at the General Meeting, the Ordinary Shareholders' Class Meeting and the C Shareholders' Class Meeting was duly passed.

The Company will release a further announcement following completion of the Capital Return.

Terms used in this announcement shall, unless the context otherwise requires, bear the meanings given to them in the Circular.

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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 principals responsible for managing the portfolio are Jeremiah Silkowski and Neil Roberts.