Total Voting Rights & Additional Listing

GCP Asset Backed Income Fund Limited

("GCP Asset Backed" or the "Company")

LEI 213800FBBZCQMP73A815

Total Voting Rights & Additional Listing

30 November 2018

GCP Asset Backed, which invests in asset backed loans, today announces that further to the Company's announcement on 21 November 2018, 239,043 ordinary shares have been admitted to the Premium Listing segment of the Official List of the UK Listing Authority and dealings have commenced on the London Stock Exchange's Main Market for listed securities at 8:00am today.

As at 30 November 2018, the Company's issued share capital consists of 317,282,313 ordinary shares of no par value each and 51,500,000 C shares of no par value each and therefore, the total number of issued shares with voting rights will be 368,782,313.

The above figure of 368,782,313 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 share capital of the Company, under the FCA's Disclosure Guidance and Transparency Rules.

For further information please contact:

Gravis Capital Management Limited + 44 (0) 20 3405 8500

David Conlon david.conlon@graviscapital.com

Dion Di Miceli dion.dimiceli@graviscapital.com

Cenkos Securities plc +44 (0) 20 7397 8900

Tom Scrivens tscrivens@cenkos.com

Oliver Packard opackard@cenkos.com

Sapna Shah sshah@cenkos.com

Notes to Editor

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 predominately UK based asset backed loans which have contracted, predictable medium to long term cash flows and/or physical assets.