Director/PDMR Shareholding

15 September 2017

Crystal Amber Fund Limited

(the “Company”)

Notification of Transactions of Persons Closely Associated with Persons Discharging Managerial Responsibilities (PDMRs)

Crystal Amber Fund has been notified that the Investment Manager, Crystal Amber Asset Management (Guernsey) Limited, a PDMR of the Company has undertaken a series of share transactions that have resulted, on a net basis, in an increase in their holding of 300,000 ordinary shares in the Company.  Following the transactions, Crystal Amber Asset Management (Guernsey) Limited holds 4,276,509 Ordinary Shares (equivalent to 4.36 per cent. of the Company's voting rights).

Details of the transaction(s) can be found in the Notification of Dealing Form below.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Crystal Amber Asset Management (Guernsey) Limited
2	Reason for the notification
a)	Position/status	Investment Manager
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Crystal Amber Fund Limited
b)	LEI	213800662E2XKP9JD811
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares GG00B1Z2SL48
b i)	Nature of the transaction	Purchase of Ordinary Shares
c i)	Price(s) and volume(s)	Price(s) £1.84 £1.875	Volume(s) 1,500,000 300,000
d i)	Aggregated information - Aggregated volume - Price - Principal amount	1,800,000 £1.846 £3,322,500.00
e i)	Date of the transaction	14 September 2017
b ii)	Nature of the transaction	Sale of Ordinary Shares
c ii)	Price(s) and volume(s)	Price(s) £1.84	Volume(s) 1,500,000
d ii)	Aggregated information - Aggregated volume - Price - Principal amount	1,500,000 £1.84 £2,760,000.00
e ii)	Date of the transaction	14 September 2017
f)	Place of the transaction	London Stock Exchange, AIM Market
For further enquiries please contact: Crystal Amber Fund Limited William Collins (Chairman) Tel: [phone] www.crystalamber.com Allenby Capital Limited - Nominated Adviser David Worlidge/James Thomas/Liz Kirchner Tel: [phone] Winterflood Investment Trusts - Broker Joe Winkley/Neil Langford Tel: [phone] Crystal Amber Advisers (UK) LLP – Investment Adviser Richard Bernstein Tel: [phone]