JZCP ANNOUNCES SALE OF FIDOR BANK                       

    01 August 2016

    JZ Capital Partners Ltd. (LSE: JZCP.L or "JZCP"), the London listed fund that
    invests in US and European micro-cap companies and US real estate, is pleased
    to announce an agreement to sell its equity interest in Fidor Bank AG ("Fidor")
    to Groupe BPCE, the second largest banking group in France.

    JZCP first invested in Fidor in August 2013 through its EuroMicrocap Fund 2010,
    L.P. and has since worked with the senior management team, including Matthias
    Kröner, CEO, and Wolfgang Strobel, CFO, to grow and develop the business. JZCP
    invested a total of $18.4 million and is expected to receive total gross
    proceeds[1] of approximately $34.3 million from the sale[2].

    During our hold period, Fidor's loan book approximately tripled and total
    customers holding accounts increased more than six times.

    Founded by its CEO Matthias Kröner in 2009, Fidor has pioneered the
    collaboration between traditional financial services and technology businesses.
    Fidor offers a unique platform, where 350,000 community members work together
    to help build the bank's services and products.

    David Zalaznick, JZCP's Founder and Investment Adviser, commented: "The
    European investment team has done an excellent job in assisting Fidor in
    securing new wholesale lending opportunities and driving the expansion of the
    business into international markets, such as the UK and Spain, as well as the
    development of critical in-house functions.

    Proceeds from the sale will help fund the Company's growing pipeline of
    opportunities in Western Europe and the US."

    Miguel Rueda, Senior Partner of JZAI's London Office, commented: "Fidor is a
    first class business, and it has been a pleasure to work with the management
    team to drive profitable growth during our period of ownership. I am confident
    that Fidor will continue on its trajectory of growing its customer base
    alongside its new shareholder."

    The closing of the transaction will be subject to customary regulatory change
    of control approval from the European Central Bank and BaFin as well as
    clearance from the German competition authority, expected in the fourth quarter
    of 2016.

                                         Ends                                      

    For further information:

    Ed Berry / Kit Dunford
                                                                   +44 (0) 20 3727
    1143
    FTI Consulting

    David Zalaznick
                                                                             +1 212
    485 9410
    Jordan/Zalaznick Advisers, Inc.

    Paul Le
    Ray                                                                             
    +44 (0) 1481 745815
    JZ Capital Partners, Ltd.

    About JZCP

    JZCP is a London listed fund which invests in US and European micro-cap
    companies and US real estate. Its objective is to achieve an overall return
    comprised of a current yield and capital appreciation. JZCP receives investment
    advice from Jordan/Zalaznick Advisers, Inc. ("JZAI") which is led by David
    Zalaznick and Jay Jordan. They have worked together for 30 years and are
    supported by teams of investment professionals in New York, Chicago, London and
    Madrid. JZAI's experts work with the existing management of microcap companies
    to help build better businesses, create value and deliver strong returns for
    investors. JZCP also invests in mezzanine loans, first and second lien
    investments and other publicly traded securities. For more information please
    visit www.jzcp.com.

    About Fidor Bank

    Fidor is an internet-based direct bank, licensed in Germany, with over 120,000
    account holders and more than 350,000 registered community members. Founded by
    CEO Matthias Kröner in 2009, Fidor has pioneered the collaboration between
    traditional financial services and technology businesses.

    Fidor's banking concept provides an online community for people to provide and
    receive financial advice, giving users rewards for doing so such as cash and
    improved current account and savings bond interest rates.

    Fidor also acts as a marketplace for its customers, giving them access to a
    large selection of financial services, products and offerings through its
    partnerships.

    Fidor has received several international awards for its innovations, most
    recently from the World Economic Forum as a "Global Growth Company" and Celent
    Banking Model for 2015.

    [1] Based on the exchange rate between the US dollar and the euro as of 29 July
    2016

    [2] Actual proceeds received by JZCP (in US dollars) may fluctuate due to
    foreign exchange movements (sale is priced in euros), carried interest, local
    withholding taxes, and other expenses related to consummating the transaction.