22 June 2022

NB Distressed Debt Investment Fund Limited

(the "Company")

Income Distribution

The Board of the Company is pleased to announce an income distribution by way of a dividend of $0.0041 per Extended Life Share and £0.0033 per New Global Share (collectively the "Share Classes"), to be payable on 15 July 2022 to shareholders on the register of the respective Share Classes as at the close of business on 01 July 2022.

The Extended Life Share distribution is based on 2019 PNL of $2,129,513 and 2020 $1,119,577, and the New Global Share distribution is based on 2019 PNL £646,453 and 2020 £694,871.

These dividends represent the asset realisations and the sale of Dumas Shipping; shareholders should note that the exact amount and timing of any future income distributions may vary depending on the amounts of income received by the Company less relevant expenses.

The Board has declared the respective dividend for each share class in accordance with the Company's distribution policy, as set out in the respective Prospectus for each applicable share class and the Articles of Incorporation, which requires that all income from the Company's Share Classes be distributed after deducting reasonable expenses, subject to the solvency test prescribed by Guernsey law.

Expected timetable: 

Ex-dividend date                                                                              30 June 2022

Dividend record date                                                                       01 July 2022

Dividend payment date                                                                   15 July 2022

LEI: YRFO7WKOU3V511VFX790

For further information, please contact:

Carey, Company Secretary      

Tel: +44 (0)1481 737 263