Statement re Directors' Fees

Carador Income Fund plc

6 January 2015

Directors' fees

During the 12 months to 31 December 2014 the Company's business has increased in complexity, specifically in respect of the evolving regulatory environment. To recognise this increased complexity, the Company has resolved to increase the maximum level of directors' remuneration by 10 per cent with effect from 1 January 2015, to an aggregate maximum of EUR 314,049 (excluding taxes and withholdings).

Enquiries:

Jacqui Horgan

State Street Fund Services (Ireland) Limited

Company Secretary

Tel: +353 1 776 6424