NB GLOBAL ?? RED : 2023 Notice of Annual General Meeting

NB GLOBAL MONTHLY INCOME FUND LIMITED

Notice of Annual General Meeting ("AGM")

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. IT CONTAINS PROPOSALS RELATING TO NB GLOBAL MONTHLY INCOME FUND LIMITED (THE "COMPANY") ON WHICH YOU ARE BEING ASKED TO VOTE.

If you are in any doubt about the contents of this Circular or the action you should take, you are recommended to seek immediately your own personal financial advice from an appropriately qualified independent adviser authorised pursuant to the UK Financial Services and Markets Act 2000 if in the United Kingdom or otherwise regulated under the laws of your own country.

If you have sold or otherwise transferred all of your Shares please send this Circular at once to the purchaser or transferee or to the stockbroker, bank or other agent through whom the sale or transfer was effected, for delivery to the purchaser or transferee.

This Circular should be read as a whole. Your attention is drawn in particular to the letter from the Chair which is set out on pages 5 to 9 of this Circular and which recommends that you vote in favour of the Resolutions to be proposed at the annual general meeting of the Company ("AGM") referred to in this Circular. Your attention is also drawn to the section entitled "Action to be Taken" on page 8 of this Circular.

NB Global Monthly Income Fund Limited

(a non-cellular company limited by shares incorporated under the laws of Guernsey with registered number 53155)

Notice of Annual General Meeting ("AGM")

Shareholders are requested to return a Proxy Appointment by one of the following methods: (i) in hard copy form by post, by courier or by hand to Link Group, PXS 1, Central Square, 29 Wellington Street, Leeds, LS1 4DL; (ii) online via www.signalshares.com ("Signal Shares"); (iii) in the case of CREST members, by utilising the CREST electronic proxy appointment service (details of which are contained in this Circular), or (iv) if you are an institutional investor you may also be able to appoint a proxy electronically via the Proxymity platform, in any case so as to be received by Link Group as soon as possible and, in any event, not less than 48 hours before the time at which the AGM (or any adjournment thereof) is to begin. In calculating such 48 hour period, no account shall be taken of any part of a day that is not a Business Day. Completion of a Proxy Appointment will not preclude a Shareholder from attending, speaking and voting in person at the AGM.

Please note you will not receive a paper Proxy Appointment form, but instead Shareholders are encouraged to appoint a proxy online via Signal Shares. If you have not previously registered, you can do so by using your Investor Code ("IVC"), which can be found on your share certificate, or you can obtain it from our registrar, Link Group (contact details set out in note 3).

Link Group, the company's registrar, has launched a shareholder app: LinkVote+. It's free to download and use and gives shareholders the ability to access their shareholding record at any time and allows users to submit a proxy appointment quickly and easily online rather than through the post. The app is available to download on both the Apple App Store and Google Play.

Defined terms used in this Circular have the meanings ascribed to them in the section headed "Definitions" on page 10.

11 April 2023

Table of Contents

Expected Timetable of Principal Events	4
Part I: Letter from the Chair	5
Part II: Definitions	10
Notice of Annual General Meeting	12

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NOTICE OF ANNUAL GENERAL MEETING ("AGM")

Expected Timetable of Principal Events

Latest time and date for receipt of Proxy Appointments for the AGM	12.30p.m. on 2	June 2023
AGM	12.30p.m. on 6	June 2023
Announcement of the results of the AGM	6	June 2023

All references in this Circular are to London time unless otherwise stated.

Each of the times and dates referred to above and elsewhere in this document may be extended or brought forward at the discretion of the Company, in which case the revised time(s) and date(s) will be notified to Shareholders by public announcement.

• NB GLOBAL MONTHLY INCOME FUND LIMITED

NOTICE OF ANNUAL GENERAL MEETING ("AGM")

Part I: Letter from the Chair

NB Global Monthly Income Fund Limited

(a non-cellular company limited by shares incorporated under the laws of Guernsey with registered number 53155)

Registered Office:

1 Royal Plaza

Royal Avenue

St Peter Port

Guernsey

GY1 2HL

Directors:

Rupert Dorey (Chair)

Laure Duhot

David Staples

11 April 2023

To the Shareholders

Dear Sir or Madam

Notice of Annual General Meeting

1. INTRODUCTION

I am pleased to be writing to you with details of our AGM which will be held at 1 Royal Plaza, Royal Avenue, St Peter Port, Guernsey, GY1 2HL. The purpose of this letter is to explain the business to be considered at the AGM (the "Proposals").

The Proposals are:

1. to receive and consider the annual report and financial statements of the Company for the year ended 31 December 2022, together with the reports of the directors and auditor (the "Annual Report");
2. to receive and approve the remuneration report included in the Annual Report;
3. to receive and approve the Directors' Remuneration Policy;
4. to re-elect Mr Rupert Dorey, Ms Laure Duhot and Mr David Staples as Directors;
5. to re-appoint KPMG Channel Islands Limited as the Company's independent auditor to hold office until the conclusion of the next annual general meeting of the Company;
6. to authorise the Directors to determine the auditor's remuneration;
7. to approve the current dividend policy; and
8. to authorise the Company to make market acquisitions of its own Shares.

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