REG - GCP Asset Backed Inc - Disposal of care home loan portfolio

GCP Asset Backed Income FundAnnouncement

Yesterday 07:45

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RNS Number : 6247G  GCP Asset Backed Income Fund Ltd  02 June 2026

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THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

FOR IMMEDIATE RELEASE

02 June 2026

GCP Asset Backed Income Fund Limited

("GABI" or the "Company")

LEI: 213800FBBZCQMP73A815

Disposal of care home loan portfolio

The Company is pleased to announce that it has exchanged contracts for the
sale of a portfolio of three senior loans secured against operational care
home projects in the UK at a value that is in line with the value of such
loans incorporated into the most recently published net asset value of the
Company (the "Disposal"). The total proceeds expected to be received by the
Company from completion of the Disposal is at least £41.4 million. Completion
is subject only to the effluxion of a 10-business day funding window and
therefore the proceeds of the Disposal are expected to be received mid-June.

The Company is due to publish its net asset value for 30 June 2026 in
mid-July. In accordance with the Company's investment policy to progress a
managed realisation of the Company's loan portfolio and return capital to
shareholders, the Company intends to announce a fourth compulsory redemption
alongside the publication of the 30 June 2026 net asset value.

This announcement contains inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014, as it forms part of domestic law by virtue of the
European Union (Withdrawal) Act 2018 (as amended) ("MAR"). Upon publication of
this announcement, the inside information is now considered to be in the
public domain for the purposes of MAR. The person responsible for arranging
the release of this announcement on behalf of the Company is Helen Crowe,
Director at Apex Financial Services (Alternative Funds) Limited.

For further information:

 GCP Asset Backed Income Fund Limited                                      +44 (0)153 482 2251

 Alex Ohlsson, Chairman
 Gravis Capital Management Limited - Investment Manager                    +44 (0)203 405 8500

 Philip Kent

 Anthony Curl

 Cameron Gardner

 Barclays Bank PLC, acting through its Investment Bank - Corporate Broker  +44 (0) 207 623 2323

 Dion Di Miceli                                                            BarclaysInvestmentCompanies@barclays.com

 James Atkinson

 Buchanan - Media Enquiries                                                +44 (0)207 466 5000

 Helen Tarbet

 Henry Wilson

 Nick Croysdill

Notes to the Editor

About GABI

GCP Asset Backed Income Fund Limited is a closed ended investment company. Its
shares are traded on the Main Market of the London Stock Exchange. Its
investment objective is to undertake a managed wind-down of the Company and
realise all existing assets in the Company's portfolio in an orderly manner.

The Company's portfolio comprises a diversified portfolio of predominantly UK
based asset backed loans which are secured against contracted, predictable
medium to long term cash flows and/or physical assets.

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