Appointment of Director

5 June 2019

GLI Finance Limited

(the "Company")

Appointment of Director

Further to the announcement on 10 May 2019, the Company is pleased to announce the appointment of Mr Nicholas Michael Wakefield as a non-executive director to the Board with effect from 4 June 2019.

Mr Nicholas Michael Wakefield (age 45) is currently a director of, or during the past five years has been a director of, the following companies:

In addition to the above directorships, Mr Wakefield is a limited partner of Tailwind L.P., which holds 475,000 redeemable zero-dividend preference shares in the capital of the Company.

Golf Investments Limited ("Golf"), of which Mr Wakefield is a director, holds 50,815,167 ordinary shares in the Company. Golf is part of the Somerston Group of companies which collectively holds 83,017,496 ordinary shares in the Company, representing 26.6 per cent of the current issued share capital.

Save as set out in this announcement, there are no further details required to be disclosed pursuant to AIM Rule 17 or paragraph (g) of Schedule 2 to the AIM Rules in respect of Mr Wakefield.

For further information, please contact:

GLI Finance Limited

Andy Whelan

+44 (0)1534 708900

Liberum Capital (Nominated Adviser and Corporate Broker)

Steve Pearce

Chris Clarke

Trystan Cullen

+44 (0) 20 3100 2190

Instinctif Partners (PR Advisor)

Tim Linacre/Katie Bairsto

+44 (0)207 457 2020

Praxis Fund Services (Company Secretary)

Matt Falla/Katrina Rowe

+44 (0)1481 737600

LEI: 213800S2XOO3YSEGCA26