Dividend Re-investment Plan

21 December 2015

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

Dividend Re-investment Plan

NB Global Floating Rate Income Fund Limited (the "Company") has historically offered the option for shareholders to receive cash dividends by way of scrip dividends. Under the Articles of the Company, Directors are permitted, in their absolute discretion, to offer scrip dividends, under which new shares are issued at the higher of the prevailing average mid-market quotation of the shares of the relevant class over five trading days or the net asset value per share of the relevant class. The Directors have stated an intention not to offer a scrip dividend at any time that the Shares trade at a material discount to the Net Asset Value per share.

The Directors are aware that recent take-up of the scrip dividend option has fallen. Accordingly, in light of the administrative costs associated with offering the scrip dividend and the current discount to NAV at which the shares trade, the Company has determined to suspend the scrip dividend option until further notice. The Directors will continue to monitor the discount to NAV at which the shares trade and, if deemed appropriate, may re-introduce the scrip dividend option in connection with future dividends.

However, the Board realises that certain investors who hold the shares would prefer to focus on the generation of capital growth and would rather re-invest the dividend proceeds in additional shares. Accordingly, a dividend re-investment plan is being introduced which would allow those shareholders who choose this option automatically to re-invest dividends on an efficient basis.

There are significant differences between the dividend re-investment plan and the historic offer of scrip dividends.  More information on the plan can be found under the Dividend Information section of the Company's website at www.nbgfrif.com.

Enquiries:

Carey Group Sara Bourne Claire McSwiggan	01481 737281
Stifel Nicolaus Europe Limited Mark Bloomfield   Dexion Capital Limited Katie Standley	020 7710 7600     020 7832 0982

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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#1974773