Circ re. Scrip Dividend

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, TO U.S. PERSONS OR INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR THE REPUBLIC OF IRELAND.

22 January 2015

NB Global Floating Rate Income Fund Limited (the "Company")

Scrip Dividend Circular

Further to the Company's announcement on 7 January 2015, a copy of the above document has been submitted to the National Storage Mechanism and will shortly be available for inspection at: http://www.morningstar.co.uk/uk/NSM.

The reference prices of the new ordinary shares to be issued under the Scrip Dividend Alternative for the quarter to 31 December 2014 interim dividend have been set at $0.9952 per U.S. Dollar Share and £0.9704 per Sterling Share. As detailed in the Scrip Dividend Circular, the reference price for the U.S. Dollar Shares is calculated by reference to the volume weighted average of the middle market prices of the U.S. Dollar Shares derived from the London Stock Exchange Daily Official List for the ex-dividend date (15 January 2015) and the four subsequent dealing days. The reference price in respect of the Sterling Shares has been set by reference to the latest published net asset value per Sterling Share.

The final date for receiving elections in respect of the Scrip Dividend Alternative is 6 February 2015.

Copies of the document have been mailed to shareholders and can also be obtained from the Company Secretary or from the Investor Relations section of the Company's website, at www.nbgfrif.com.

For further information, please contact:

Carey Group
Sara Bourne
[phone]

This document is not for release, publication or distribution (directly or indirectly) in or into the United States, Canada, Australia, Japan, South Africa or the Republic of Ireland or to any "U.S. person" as defined in Regulation S under the United States Securities Act of 1933, as amended (the "Securities Act") or into any other jurisdiction where applicable laws prohibit its release, distribution or publication. This document is not an offer to sell or a solicitation of any offer to buy the securities referred to herein in the United States, Australia, Canada, Japan, South Africa or the Republic of Ireland or in any other jurisdiction where such offer or sale would be unlawful. No recipient may distribute, or make available, this document (directly or indirectly) to any other person. Recipients of this document in jurisdictions outside the UK should inform themselves about and observe any applicable legal requirements in their jurisdictions. In particular, the distribution of this document may in certain jurisdictions be restricted by law. Accordingly, recipients represent that they are able to receive this document without contravention of any applicable legal or regulatory restrictions in the jurisdiction in which they reside or conduct business.

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ENDS

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: NB GLOBAL FLOATING RATE INCOME FUND LIMITED (GBP) via Globenewswire

HUG#1888925