Voting Rights and Capital

FAIR OAKS INCOME LIMITED

(the "Company")

(Incorporated in Guernsey under The Companies (Guernsey) Law, 2008, as amended, with registered number 58123 and registered as a Registered Closed-ended Collective Investment Scheme with the Guernsey Financial Services Commission)

Voting Rights and Capital

In accordance with the FCA's Disclosure and Transparency Rules (DTR 5.6.1), the Company notifies that the Company's issued share capital consists of 53,580,881 Realisation Shares following the redemption of 1,997,560 Realisation Shares effected on 5 July 2023, as well as 405,815,477 2021 Shares (including 15,698,414 2021 Shares in Treasury, where the Company may not exercise any voting rights which may be attached to those shares). Under the Articles, at any general meeting of the Company each Share (Realisation Share and 2021 Share) shall have one vote. Accordingly, the figure which may be used by the 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 and Transparency Rules is the aggregate of Shares, namely 443,697,944. Similarly, to calculate the numerator, Shareholders should aggregate their holdings of Realisation Shares and 2021 Shares to calculate the relevant number of voting rights for the numerator.

With effect from today the Realisation Shares will trade under the new ISIN number GG00BRZRXM78.

It is expected that the proceeds of the redemption will be paid to Realisation Shareholders on 20 July 2023.

LEI: 2138008KETEC1WM5YP90

Enquiries:

Fair Oaks Income Limited

Email: contact@fairoaksincome.com

Web: www.fairoaksincome.com

Fair Oaks Capital Limited

Investor Relations

DDI: +44 (0) 20 3034 0400

Email: ir@fairoakscap.com

Sanne Fund Services (Guernsey) Limited

Email: fairoaksgrp@apexfs.group

Numis Securities Limited

Nathan Brown, Investment Banking

DDI: +44 (0) 20 7260 1426

Email: n.brown@numis.com

Liberum Capital Limited

Chris Clarke, Investment Banking

DDI: +44 (0) 20 3100 2190

Email: chris.clarke@liberum.com

Fair Oaks Income Limited

Fair Oaks Income Limited is a registered closed-ended investment company incorporated in Guernsey. The Company was admitted to trading on the Specialist Fund Market of the London Stock Exchange (now the Specialist Fund Segment of the Main Market of the London Stock Exchange) on 12 June 2014.

The investment policy of the Company is to invest (either directly and/or indirectly through FOIF II LP and FOMC III LP) in US and European CLOs or other vehicles and structures which provide exposure to portfolios consisting primarily of US and European floating-rate senior secured loans and which may include non-recourse financing.