NB DISTRESSED DEBT INVESTMENT FUND LIMITED EXT ...

5 March 2015

NB Distressed Debt Investment Fund Limited

Capital Distribution Update

NB Distressed Debt Investment Fund Limited (the "Company") announces that, in connection with the further capital distribution for the Ordinary Share Class ("NBDD") and the Extended Life Share Class ("NBDX") announced on 20 February 2015, the Company has compulsorily redeemed on a pro rata basis 4,028,692 NBDD shares at a price of $1.2391 per NBDD share and 7,614,466 NBDX shares at a price of $1.1746 per NBDX share for cancellation. Fractions of shares produced by the applicable redemption ratios have not been redeemed and so the number of shares redeemed in respect of each shareholder has been rounded down to the nearest whole number of shares.

Payments of redemption monies are expected to be effected either through CREST (in the case of shares held in uncertificated form) or by cheque (in the case of shares held in certificated form) by 18 March 2015.

Following the redemptions the Company has 70,983,173 NBDD and 323,761,390 NBDX shares in issue.

The new ISIN number GG00BVYQ6F70 for the NBDD shares and GG00BVYQ6B33 for the NBDX shares in respect of the remaining shares which have not been redeemed will be enabled and available for transactions from 5 March 2015. 

For further information, please contact:

Neuberger Berman Europe Limited Damian Holland	+44 (0)20 3214 9000
Stifel Nicolaus Europe Limited Neil Winward Mark Bloomfield Gaudi Le Roux	+44 (0)20 7710 7600
Winterflood Investment Trusts Joe Winkley Neil Langford	+44 (0)20 3100 0000

---

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 DISTRESSED DEBT INVESTMENT FUND LIMITED EXT SHS NPV via Globenewswire

HUG#1899677