GLI Finance : Results of Class Meetings and EGM

8 November 2019

GLI Finance Limited (the 'Company')

Results ofClass Meetings and Extraordinary General Meeting

Further to the Company's announcement of 21 October 2019 regarding the Proposals for the continuation of the ZDP Shares, the Company announces that all resolutions proposed at the class meeting of Ordinary Shareholders, the class meeting of ZDP Shareholders and the extraordinary general meeting held earlier today were duly passed.

The extension of the life of the ZDP Shares from 5 December 2019 to 5 December 2020 takes immediate effect. The increased rate of return on the ZDP Shares, from 5.5% to 8% on the issue price of the ZDP Shares, will take effect from 6 December 2019 in accordance with the New Articles. The final capital entitlement to which ZDP Shareholders will be entitled at the extended repayment date is therefore increased from 130.696 pence per ZDP Share to 141.152 pence per ZDP Share.

Capitalised terms used and not defined in this announcement have the meanings given in the Company's announcement of 21 October 2019.

For further information, please contact:

GLI Finance Limited

Andy Whelan

[phone]

Liberum Capital (Nominated Adviser and Corporate Broker)

Chris Clarke

Edward Thomas

[phone]

Instinctif Partners (PR Advisor)

Tim Linacre/Katie Bairsto

[phone]

LEI: 213800S2XOO3YSEGCA26