Alcentra European Floating Rate Income Fund Limited commences share repurchases on September 26, 2019, under the program mandated by the shareholders in the Annual General Meeting held on September 26, 2019. As per the mandate, the company is authorized to repurchase up to 18,295,003 ordinary shares, representing 14.99% of its issued share capital. The minimum price (exclusive of expenses) which may be paid for each ordinary share is 1 pence and the maximum price (exclusive of expenses) which may be paid for each ordinary share is an amount equal to 105% above the average of the middle market quotations of an ordinary share taken from the AIM appendix to the Stock Exchange Daily List for the five business days immediately preceding the day on which the share is contracted to be purchased. The authority will conclude on the date which is 15 months from the date of the passing of this resolution or, if earlier, at the end of the Annual General Meeting of the Company to be held in 2019.