Transaction in a closed period

28 July 2020

NB Distressed Debt Investment Fund Limited

(the "Company")

Compliance with Market Abuse Regulations - Closed Period and Share Buybacks

The Company announces the closed period commences today and that it is satisfied that any inside information which the Directors and the Company may have has been notified via a Regulated Information Service ("RIS").

The Company is therefore not prohibited from repurchasing its own shares during the period leading up to the announcement of the financial results for the six months ended 30 June 2020.

If, in the period leading up to the announcement of the half-year end results, the Directors or the Company come into possession of any inside information, this will be notified to a RIS before any such transactions are undertaken.

LEI: YRFO7WKOU3V511VFX790

-Ends-

For further information, please contact:

Carey, Company Secretary

Tom Lancaster-King

Tel: +44 (0)1481 737 208