Total Voting Rights

GCP Asset Backed Income Fund Limited

(the "Company")

Total Voting Rights

1 December 2016

In conformity with the FCA's Disclosure Guidance and Transparency Rules, the Company would like to notify the market of the following:

As at 1 December 2016, the Company's issued share capital consists of 164,612,083 Ordinary shares of no par value with voting rights.

The above figure of 164,612,083 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.

For further information please contact:

Gravis Capital Partners LLP +44 (0)20 7518 1490

David Conlon david.conlon@gcpuk.com

Philip Kent philip.kent@gcpuk.com

Dion Di Miceli dion.dimiceli@gcpuk.com

Cenkos Securities Limited +44 (0)20 7397 8900

Tom Scrivens tscrivens@cenkos.com

Oliver Packard opackard@cenkos.com

Sapna Shah sshah@cenkos.com

Buchanan +44 (0)20 7466 5000

Charles Ryland charlesr@buchanan.uk.com

Victoria Watkins victoriaw@buchanan.uk.com

Notes to Editors

The Company is a closed ended investment company traded on the Main Market of the London Stock Exchange. Its investment objective is to generate attractive risk-adjusted returns primarily through regular, growing distributions and modest capital appreciation over the long term.

The Company seeks to meet its investment objective by making investments in a diversified portfolio of predominantly UK based asset backed loans which have contracted, predictable medium to long term cash flows and/or physical assets.