AGM Statement

Queen's Walk Investment Limited                        

Queen's Walk Investment Limited - AGM, Annual Report & Accounts


Queen's Walk Investment Limited
03 July 2006

03 July 2006

                Queen's Walk Investment Limited (the `Company')                

                      AGM and Annual Report and Accounts                       

The Company announces that its 2006 Annual Report and Accounts, Notice of
Annual General Meeting and Form of Proxy have today been mailed to all
shareholders of the Company. The Company's Annual General Meeting will be held
at its registered office, Dorey Court, Admiral Park, St. Peter Port, Guernsey
GY1 3BG on Monday, 31st July 2006 at 11.30am (London time).

Among the resolutions to be proposed at the Annual General Meeting are:

1. To receive and adopt the Company's accounts and the reports of the Directors
and Auditors for the period ended 31 March 2006

2. To re-elect each of the existing Directors as Directors of the Company

3. To re-appoint Deloitte & Touche as the Company's Auditors.

Further details of these resolutions are set out in the notes accompanying the
Notice of Annual General Meeting.

Copies of the above documents have been sent to the Financial Services
Authority and will shortly be available for inspection at the Financial
Services Authority's Document Viewing Facility which is situated at:

Financial Services Authority
25 The North Colonnade
Canary Wharf
London
E14 5HS
Telephone: [phone]

A copy of the 2006 Annual Report and Accounts is also available on the
Company's website: www.queenswalkinv.com. 

For further information please contact:

Investor Relations:
Caroline Villiers
[phone]

Cheyne Capital Management Limited
Syd Hanna
[phone]

About the Company

Queen's Walk Investment Limited is a Guernsey-incorporated investment company
listed on the London Stock Exchange. The Company's investment objective is to
preserve capital and to provide stable returns to shareholders in the form of
quarterly dividends. To achieve this, Queen's Walk invests primarily in a
diversified portfolio of subordinated tranches of asset backed securities,
including the unrated "equity" or "first loss" residual income position
typically retained by the banks or other financial institutions which have
originated the loan assets that collateralise a securitisation transaction. The
Company makes such investments where its investment manager, Cheyne Capital
Management Limited, considers the coupon or cashflows from the investment to be
attractive relative to the credit exposure of the underlying asset collateral.
The Company believes that its investment focus provides equity investors with
exposure to a relatively new investment opportunity in this asset class.

Nigel Massey

Kleinwort Benson (Channel Islands) Fund Services Limited

Secretary

01481 727111

A06440110/0.6/30 Jun 2006