Transaction in Own Shares

19 August 2019

NB Distressed Debt Investment Fund Limited

(the "Company")

Transaction in Own Shares

The Company announces that pursuant to the general authority granted by shareholders of the Company on 25 June 2019 to make market purchases of its own New Global ordinary share capital ("New Global Shares") and of its own Extended Life ordinary share capital ("Extended Life Shares"), it repurchased 10,000 Extended Life Shares at a price of $0.8375 per Extended Life Share, to be cancelled, on 16 August 2019. This represents approximately 0.0076 per cent of the Company's current issued Extended Life Shares.

Following this transaction, the Company has 75,201,400 New Global Shares in issue and 131,940,522 Extended Life Shares in issue.  The Company also has 15,382,770 Ordinary Shares in issue.  All shares have 1 vote per share.

For reporting purposes under the FCA's Disclosure Guidance and Transparency Rules the market should use the figure of 222,524,692 total voting rights when determining if they are required to notify their interest in, or a change to their interest in the Company.

Enquiries:

Carey

Sara Bourne

Tel: +44 (0) 1481 737 245