Holding(s) in Company

For filings with the FCA include the annex

For filings with issuer exclude the annex

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

SQN Asset Finance Income Fund Limited

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights (issue of C shares)

ü

Other (please specify):

3. Full name of person(s) subject to thenotification obligation: iii

RATHBONE BROTHERS PLC

4. Full name of shareholder(s)  (if different from 3.):iv

RATHBONE BROTHERS PLC

Rathbone Investment Management Ltd

Rathbones Investment Management International Limited

Rathbone Investment Management International Strategies Fund

Rathbone Unit Trust Management Limited

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

9th November 2015

6. Date on which issuer notified:

27th January 2016

7. Threshold(s) that is/are crossed orreached: vi, vii

Under 5%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

GG00BN56JF17

10,116,381

10,116,381

9,524,366

N/A

9,524,366

N/A

2.65%

Ordinary NPV GBP

GG00BZ184P04

Ordinary NPV USD

0

0

3,444,385

N/A

3,444,385

N/A

0.96%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

N/A

N/A

N/A

N/A

N/A

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

N/A

N/A

N/A

N/A

N/A

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

12,968,751

3.61%

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi

RATHBONE BROTHERS PLC*

Rathbone Investment Management Ltd 1.7947%

Rathbones Investment Management International Limited 0.0399%

Rathbone Investment Management International Strategies Fund 0.3430%

Rathbones Unit Trust Management Limited 1.4350%

* Rathbone Brothers Plc is the holding company of the following.

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will ceaseto hold:

12. Date on which proxy holder will cease to holdvoting rights:

13. Additional information:

Total voting rights used as a denominator:

358,985,507

14. Contact name:

James Beattie - Compliance Department

15. Contact telephone number:

0151 243 7372