GLI Finance : Further investment in Sancus Isle of Man

6 February 2017

GLI Finance Limited

('GLI' or the 'Company')

Further investment in Sancus Isle of Man

GLI Finance Limited, a leading investor in the alternative finance sector, today announces that its wholly owned subsidiary, Sancus BMS Group Limited ('Sancus BMS'), has agreed to acquire an additional 14 per cent. stake in Sancus IOM Holdings Limited ('Sancus IoM') for a total consideration of £1.085m (the 'Transaction').

The Transaction will see Sancus BMS acquire the Sancus IoM shareholdings of Andy Whelan (7 per cent.) (CEO of GLI, Sancus BMS Group and Sancus IoM) and John Davey (7 per cent.) (Executive Director of Sancus BMS Group and Sancus IoM) (the 'Connected Directors') and will increase Sancus BMS Groups' shareholding in the business to 21 per cent. It will allow GLI to benefit from the growth of the Sancus IoM business as it continues to execute its strategy and will reduce any conflicts of interests resulting from the Connected Directors' personal shareholdings. The acquisition will be financed through the value equivalent of the existing GLI 7% Corporate Bonds due 2021, held by Sancus BMS Group to be transferred to the Connected Directors.

The Transaction constitutes a related party transaction pursuant to Rule 13 of the AIM Rules for Companies as both Andy Whelan and John Davey are related parties. The Independent Directors of the Company, being those Directors other than Andy Whelan, having consulted with the Company's Nominated Adviser, Liberum Capital Limited, consider the terms of the transaction to be fair and reasonable insofar as the Company's Shareholders are concerned.

Ends

For further information, please contact:

GLI Finance Limited

Andy Whelan

+44 (0)1534 708900

Liberum (Nominated Advisor & Corporate Broker)

Steve Pearce

Chris Clarke

Jonathan Wilkes-Green

+44 (0) 20 3100 2190

Instinctif Partners (PR Advisor)

Tim Linacre/Nick Woods

+44 (0)207 457 2020

Inside information

This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation.

About GLI Finance

GLI Finance (www.glifinance.com) is a specialist provider of finance to small and medium sized enterprises. Its ordinary shares are quoted on the AIM and its issued zero dividend preference shares are listed and traded on the main market of the London Stock Exchange (tickers GLIF and GLIS (Ord) and GLIZ (2019 ZDP)). Loans are provided to SMEs through a variety of finance platforms in which GLI has an equity stake.

The platforms in which GLI Finance is invested vary by geography, industry, size of lending and by type of lending. They include UK and US SME Lending, Offshore Lending, UK and European Invoice Discounting, Supply Chain Finance, Global Trade Finance and UK Property-Backed Lending.