21 August 2017

SQN Asset Finance Income Fund Limited

Monthly Net Asset Value and Dividend Update

Net Asset Value

SQN Asset Finance Income Fund Limited (the "Company" or "SQN"), the leading diversified equipment leasing fund listed in the UK, is pleased to provide its monthly net asset value ("NAV") update.

As at 31 July 2017, the unaudited estimated NAV per ordinary share (cum-income) was 99.44 pence. This includes the 0.6042 pence per ordinary share dividend announced on 21 July 2017 that went ex-dividend on 3 August 2017 and was paid on 18 August 2017. On a pro-forma basis, the unaudited estimated NAV per ordinary share, adjusted for the payment of this dividend to holders of ordinary shares, is 98.83 pence.

As at 31 July 2017, the unaudited estimated NAV per C share was 98.19 pence.

Dividend

The Company is pleased to announce a dividend of 0.6042 pence per ordinary share for the month ended 31 July 2017, reflecting an annualised dividend of 7.25 pence per share. The dividend will be payable on 19 September 2017 to holders of ordinary shares on the register on 8 September 2017. The ex-dividend date is 7 September 2017.

The Board also has pleasure in declaring the first monthly dividend on the 'C' Share of 0.1042 pence per C share for the month ended to 31 July 2017. The dividend will be payable on 19 September 2017 to holders of C shares on the register on 8 September 2017. The ex-dividend date is 7 September 2017.

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Notes to Editor

The Company invests in equipment lease and asset finance arrangements across a diverse portfolio of assets and industries predominantly in the UK, Northern Europe and US. The Company focuses on business-essential, revenue-producing (or cost saving) equipment and other assets with high in-place value and long economic life relative to the investment term.

The Company's Investment Managers are SQN Capital Management, LLC, a Registered Investment Advisor with the United States Securities and Exchange Commission and its subsidiary, SQN Capital Management (UK) Limited. The principals responsible for managing the portfolio are Jeremiah Silkowski and Neil Roberts.