Transaction in Own Shares

16 October 2017

NB Global Floating Rate Income Fund Limited

(the "Company")

Transaction in Own Shares

The Company announces that pursuant to the general authority granted by shareholders of the Company on 14 June 2017 to make market purchases of its own Ordinary shares, it repurchased 1,000,000 Sterling Shares at a price of 93.055 pence per Sterling Share, to be cancelled, on 13 October 2017. This represents approximately 0.0942 per cent of the Company's current issued Sterling Shares.

Following this transaction, the Company has in issue 1,061,051,376 Sterling Shares of which 75,000,000 are held in treasury. The Company also has 44,299,684 US Dollar Shares in issue of which 1,342,627 are held in treasury. US Dollar Shares have 1 vote per share and Sterling Shares have 1.6 votes per share.

For reporting purposes under the FCA's Disclosure and Transparency Rules the market should exclude any shares held in treasury and should use the figure of 1,620,639,258 voting rights when determining if they are required to notify their interest in, or a change to their interest in the Company.

Enquiries:

Carey Group

Sara Bourne

Tel: +44 (0) 1481 737 245