GCP Asset Backed Income Fund Limited

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

LEI 213800FBBZCQMP73A815

Total Voting Rights & Additional Listing

22 August 2017

GCP Asset Backed, which invests in asset backed loans, has made an application for 56,315 ordinary shares of no par value in the Company ("New Shares") to be admitted on the Premium Listing Segment of the Official List of the UK Listing Authority and for trading on the London Stock Exchange's Main Market for listed securities. It is expected that these New Shares will be admitted to trading on 4 September 2017.

The application is being made pursuant to the scrip dividend alternative in lieu of cash for the interim dividend for the period from 1 April 2017 to 30 June 2017. Elections for a scrip dividend were received in respect of 1.65% of the ordinary shares in issue as at the record date of 4 August 2017. When issued, these New Shares will rank pari passu with the existing ordinary shares.

Following admission of the New Shares, the Company's issued share capital will consist of 242,845,987 ordinary shares of no par value.  With effect from 4 September 2017, the total number of issued shares with voting rights will be 242,845,987.

The above figure of 242,845,987 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 of a change to their interest in, GCP Asset Backed under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

A copy of the Scrip Dividend Circular has been submitted to the National Storage Mechanism and is available for inspections at: www.hemscott.com/nsm.do  and on the Company's website at www.gcpuk.com .  The Scrip Dividend Circular  can also be obtained from the Company Secretary.

 For further information please contact:

Notes to Editors

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