CLO Test Results and Ratings

RNS Number : 7781S

Greenwich Loan Income Fund Ltd

16 September 2010

Greenwich Loan Income Fund Limited ("GLIF" or the "Company")

CLO Test Results and Ratings Upgrade

16 September 2010

The Company announces the test results as of 2 September 2010 pursuant to the indenture of T2 Income Fund CLO I Ltd (the "CLO"), of which the Company owns all of the residual economic interest. The report summarising the results of those tests can be found at the link below:

http://www.rns-pdf.londonstockexchange.com/rns/7781S_-2010-9-15.pdf

With respect to the various tests required under the CLO indenture, the CLO passed all of the covenant and percentage limitation tests. While the current month's results are not controlling as to the October 2010 payment test, it may be worth noting that had this been a payment period, there would have been no interest diversion and a full payment would have been paid to the Company.

As described in previous press releases, the CLO indenture contains a variety of covenants, compliance with which, as well as curing existing defaults, could be made more difficult or impossible should credit markets deteriorate or the loans held by the CLO fail to make expected payments or otherwise not perform, or for a variety of other reasons, and which if violated could result in additional principal paydowns of the CLO's notes and/or interest diversion.

Moody's upgrades the ratings of notes issued by the CLO

On the 9 September 2010, Moody's Investors Service announced that it has upgraded the ratings of the following notes issued by the CLO:

· Class C Notes, upgraded to Baa1 (previously Baa3);

· Class D Notes, upgraded to Ba1 (previously Ba3);

· Class E Notes, upgraded to Ba3 (previously B3).

Contacts:

Geoffrey Miller

Greenwich Loan Income Fund Limited

+353 1 4433 466

Patrick Conroy
Greenwich Loan Income Fund Limited
+1 203 983 5282

Philip Secrett

Nominated Adviser