Revolving Credit Facility

7 November 2017

RM Secured Direct Lending Plc

("RMDL" or the "Company")

LEI: 213800RBRIYICC2QC958

£10M REVOLVING CREDIT FACILITY

RMDL, an investment trust specialising in secured debt investments, announces that it has signed a Revolving Credit Facility (the "RCF") of £10 million from OakNorth.

The RCF will provide the Company with flexible capital for maintaining and preserving liquidity and general corporate purposes including to invest in the substantial pipeline of investment opportunities. RMDL will not incur any non-utilisation fees in connection with the facility.

Pietro Nicholls, Principal - Investment Manager of RM Capital Markets Limited, said:

"We are delighted to have signed this RCF with OakNorth which provides us with additional flexibility following our recent successful £30m equity raise, to act quickly on attractive investment opportunities. We have an active pipeline of higher yielding, secured lending opportunities which will further broaden our portfolio and enable us to continue to deliver growing and sustainable returns to shareholders."

In a joint statement, Ben Barbanel, Head of Debt Finance, and Mohith Sondhi, Debt Finance Director at OakNorth, commented: "We are very excited to have completed this transaction with RM Secured Direct Lending - not only is this our first transaction with a listed company, but it is also our first loan to an investment trust. Our Credit Committee was reassured by the extensive experience of the management team - over 120 years collectively - as well as RMDL's strong track record and diversified portfolio. Given that we have worked with RMDL on two transactions in the past, we also had a good understanding of how they operate."

For further information, please contact:

RM Capital Markets Limited - Investment Manager

James Robson

Pietro Nicholls

Tel: 0131 603 7060

Nplus1 Singer Advisory LLP - Sponsor, Financial Adviser and Broker

James Maxwell

James Hopton

Tel: 020 7496 3000

Tulchan Group - Financial PR

James Macey White

Elizabeth Snow

Tel: 0207 353 4200

International Fund Management - AIFM

Chris Hickling

Shaun Robert

Tel: 01481 737600

PraxisIFM Fund Services (UK) Limited - Administrator and Company Secretary

Anthony Lee

Ciara McKillop

Trish Standaloft

Tel: 020 7653 9690

About RM Secured Direct Lending

RM Secured Direct Lending Plc is a closed-ended investment trust established to invest in a portfolio of secured debt instruments.

The Company aims to generate attractive and regular dividends through loans sourced or originated by the Investment Manager with a degree of inflation protection through index-linked returns where appropriate. Loans in which the Company invests are predominantly secured against assets such as real estate or plant and machinery and/or income streams such as account receivables.

For more information, please see https://rm-funds.co.uk/rmdl/investor-relations/