Annual Report & AGM

GCP Asset Backed Income Fund Limited

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

LEI 213800FBBZCQMP73A815

Annual Report & AGM

7 April 2020

GCP Asset Backed, which invests in asset backed loans, has today posted its annual report and financial statements for the year ended 31 December 2019 (the "Annual Report") to shareholders who have elected to receive a printed copy. The Annual Report is available for inspection at www.morningstar.co.uk/uk/NSM and can be obtained from the Company Secretary or from the Company's website, at www.graviscapital.com/funds/gcp-asset-backed/literature.

In light of the COVID-19 virus pandemic, the Company is assessing the plans for its Annual General Meeting ("AGM"). Further information on the AGM venue, date and time will be communicated in due course.

For further information please contact:

Gravis Capital Management Limited                                                                       +44 (0) 20 3405 8500

David Conlon                    

Dion Di Miceli                    

Investec Bank plc                                                                                                         +44 (0) 20 7597 4000

Helen Goldsmith                    

Denis Flanagan                  

Neil Brierley        

Buchanan/Quill                                                                                                            +44 (0)20 7466 5000

Helen Tarbet

Sarah Gibbons-Cook

Henry Wilson   

Notes to Editor

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