Result of EGM and Placing Update

THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS RESTRICTED AND IS NOT FOR
RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN
PART, IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, THE
REPUBLIC OF IRELAND, THE REPUBLIC OF SOUTH AFRICA OR ANY JURISDICTION IN WHICH
THE SAME WOULD BE UNLAWFUL

                           CRYSTAL AMBER FUND LIMITED

                                                                 23 January 2015

                        Result of EGM and Placing Update

The Board of Crystal Amber Fund Limited ("Crystal Amber" or "the Company") is
pleased to announce that at the Extraordinary General Meeting of the Company
held earlier today, the resolution was duly passed.

Further to the announcements issued on 18 December 2014, the Company announces
that the NAV per share at the close of business on 19 January 2015 ("the
Calculation Date") was 153.34p. Accordingly, the Placing Price, which is
equivalent to a 1.41 per cent. premium to the NAV on the Calculation Date, is
155.5p.

Crystal Amber has received firm commitments from certain shareholders and new
investors to subscribe for new Ordinary Shares for a gross consideration of £
32,297,500 under the Placing. Therefore, Crystal Amber has allotted 20,770,097
Placing Shares, subject to admission to trading on AIM, representing an
enlargement of approximately 28 per cent. of the Company's current issued share
capital.

Application has been made for the 20,770,097 Placing Shares to be admitted to
trading on AIM. It is expected that Admission will take place, and dealings in
such Placing Shares will commence, on AIM on 27 January 2015.

Following the issue of the 20,770,097 Placing Shares, the Company will have
95,961,800 Ordinary Shares in issue (excluding 3,057,962 Ordinary Shares held
in Treasury).

Enquiries

Crystal Amber Fund Limited
William Collins
Tel: [phone]

Crystal Amber Advisers (UK) LLP - Investment Adviser
Richard Bernstein
Tel: [phone]

Sanlam Securities UK Limited - Nominated Adviser
David Worlidge/Simon Clements
Tel: [phone]

Numis Securities Limited - Broker
Nathan Brown/Hugh Jonathan
Tel: [phone]

Important Notice

Capitalised terms used but not defined in this announcement have the same
meanings as set out in the placing announcement of the Company released on 18
December 2014.

Numis Securities Limited, which is authorised and regulated in the United
Kingdom by the Financial Conduct Authority, is acting exclusively as broker to
Crystal Amber Fund Limited and for no one else in connection with the Placing
and will not be responsible to anyone other than Crystal Amber Fund Limited for
providing the protections afforded to clients of Numis Securities Limited or
for providing advice in relation to the Placing or any matter referred to in
this Announcement.

Sanlam Securities UK Limited, which is authorised and regulated in the United
Kingdom by the Financial Conduct Authority, is acting as nominated adviser to
Crystal Amber Fund Limited and is acting for no-one else in connection with the
Placing and will not be responsible to anyone other than Crystal Amber Fund
Limited for providing the protections afforded to clients of Sanlam Securities
UK Limited nor for providing advice in relation to the Placing or any matter
referred to in this Announcement.