28 January 2015

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 24 July 2014 to make market purchases of its own Extended Life ordinary share capital ("Extended Life Shares"), it repurchased for cancellation on 27 January 2015 50,000 Extended Life Shares at a price of $1.110 per Extended Life Share, representing approximately 0.02 per cent. of the Company's current issued Extended Life Shares.
Following the purchase and cancellation, the Company's issued share capital now consists of
331,817,856 Extended Life Shares.
Enquiries: Carey Group
Claire McSwiggan
01481 737281

1

3420127v1

distributed by