GCP Asset Backed Income Fund Limited (the "Company" or "GCP Asset Backed") LEI: 213800FBBZCQMP73A815

Investor Report as at 30 June 2019

2 August 2019

GCP Asset Backed, which invests in asset backed loans, is pleased to announce the publication of its investor report, which is available at www.graviscapital.com/funds/gcp-asset-backed/literature.

For further information, please contact:

Gravis Capital Management Limited                                                                             +44 (0) 20 3405 8500

David Conlon                    

Dion Di Miceli    

Cenkos Securities plc                                                                                                        +44 (0) 20 7397 8900

Tom Scrivens                    

Oliver Packard                  

Sapna Shah        

Buchanan/Quill                                                                                                                 +44 (0)20 7466 5000

Helen Tarbet

Nick Croysdill

Henry Wilson

Notes to Editors

The Company

GCP Asset Backed is a closed ended investment company traded on the Main Market of the London Stock Exchange. Its investment objective is to generate attractive risk-adjusted returns primarily through regular, growing distributions and modest capital appreciation over the long term.

The Company seeks to meet its investment objective by making investments in a diversified portfolio of predominantly UK based asset backed loans which have contracted, predictable medium to long term cash flows and/or physical assets.