Monthly Conversion Facility

RNS Number : 3482N

BlueCrest AllBlue Fund Ltd

10 June 2010

BLUECREST ALLBLUE FUND LIMITED (THE "COMPANY")

Monthly conversion facility

The prospectus of the Company dated 14 May 2010 included a statement that the Directors of the Company have been exploring whether the Company is in a position to introduce a monthly conversion facility between different classes of shares in place of the existing quarterly conversion facility.

The Directors have now concluded that the introduction of a monthly conversion facility is feasible and appropriate and accordingly propose to seek the approval of shareholders to the necessary changes to the articles of association at a general meeting of the Company to be held immediately following the annual general meeting on 14 July 2010. A short circular setting out further details of this proposal will be despatched to shareholders by the end of June.

As with the existing quarterly conversion facility, the monthly conversion facility would continue to operate at the Directors' discretion with respect to any share class or across all share classes from time to time. Subject to shareholder approval, it is currently anticipated that the first monthly conversion date will be 1 September 2010.

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