Statement regarding closure of Arrowgrass

Distribution Finance Capital Holdings plc

("DFC Holdings" or together with its subsidiary "DFC Ltd", "DFC" or the "Company")

Statement regarding closure of Arrowgrass Master Fund Limited ("AMFL")

The Board of DFC notes the recent decision by Arrowgrass Capital Partners LP ("Arrowgrass") that it is closing the Arrowgrass Master Fund Limited ("AMFL"), which will in due course entail the divestment of the investment positions currently held in AMFL. AMFL is a substantial shareholder in DFC. Arrowgrass has confirmed that the divestment process will be orderly and focused on obtaining appropriate value for AMFL's investors over time.

We will remain in regular contact with Arrowgrass and will keep investors updated as appropriate.

Enquiries

Distribution Finance Capital Holdings plc +44 (0) 20 3937 6406

Chris Dailey, Chief Executive Officer

Gavin Morris, Chief Financial Officer

http://www.dfcapital-investors.com

Macquarie Capital (Europe) Limited (NOMAD and broker) +44 (0) 20 3037 2000

Alex Reynolds

Jonny Allison