Monthly Performance Review

Close AllBlue Fund Limited
06 November 2007

FOR IMMEDIATE RELEASE

6 November 2007

CLOSE ALLBLUE FUND LIMITED (THE 'COMPANY')

MONTHLY PERFORMANCE REVIEW FOR SEPTEMBER 2007

INVESTMENT OBJECTIVE

Close AllBlue Fund Limited (the 'Company') is a Guernsey incorporated,
closed-ended investment company.  The investment objective of the Company is to
provide its Sterling, US Dollar and Euro shareholders with consistent long-term
capital growth through an investment policy of investing substantially all of
each share class' assets in the Sterling, US Dollar and Euro shares in AllBlue
Limited respectively.

AllBlue Limited provides access to a portfolio of seven diversified strategies
managed by BlueCrest Capital Management L.P. and managers with close links to
BlueCrest.  These include the BlueCrest flagship fund with a mixed arbitrage
strategy (BlueCrest Capital International Limited), an equity long/short fund
(BlueCrest Equity Fund Limited), an emerging markets macro strategy fund
(BlueCrest Emerging Markets Fund Limited) and a systematic trading process fund
(BlueTrend Fund Limited).

The net asset values ('NAV') of the Company's Shares as at the close of business
on 28 September 2007 were:-

                                Total Return         Last          Since
                     NAV        Last Month           Quarter       Launch**
Sterling Shares      £1.0647    2.97%                5.98%         8.62%
US Dollar Shares     $1.0405    2.80%                5.52%         6.15%
Euro Shares          €1.0652    2.91%                5.90%         8.67%

*The figures are based on the estimated NAV at the month end.

**Based on opening NAV, being the Issue Price less Formation and Initial
Expenses, of £0.9802 per Sterling Share, $0.9802 per US Dollar Share and €0.9802
per Euro Share.

PERFORMANCE REPORT OF ALLBLUE LIMITED FOR THE MONTH OF SEPTEMBER 2007

The following portfolio performance report for AllBlue Limited has been provided
to the Company by BlueCrest Capital Management Limited.  Whilst the Company
believes that the information has been received from a reliable source, the
Company is not able to verify the information and accepts no responsibility for
the accuracy of the comments made or figures given in the report, and neither
should any responsibility be implied.

REPORT BY BLUECREST ON ALLBLUE LIMITED

Investments in:  % of                 % cash free by        % Return   Weighted
                 Capital              Sector                           Return%

Mixed Arb        25                   46                    1.59       0.4
Systematic       22                   86                    6.72       1.48
Equity           16                   78                   -1.93      -0.31
Low Beta          1                   87                    4.15       0.04
Emerging         22                   42                    5.3        1.15
Markets
Credit Arb        8                   38                    3.00       0.24
WestHarbor        5                    0                    0.22       0.01
         
Total           100                                                    3.01

September was a good month for AllBlue, up 2.95%, as all underlying funds
rallied following the August downturn to generate strong performance. We saw
positive returns from all strategies; the best performers were Systematic and
Emerging Markets.

Mixed Arbitrage finished the month up 1.63%. Positive contributions came from
almost all desks, the largest from Equity Derivatives, Relative Value and Rates.
Small losses were concentrated in Equity although the allocation was reduced to
zero as of the beginning of October. Within Equity Derivatives, gains were made
from various areas: positive carry playing due to a short skew position on index
volatility, long/short equity through an outperformance option which expired in
mid September, relative value volatility pair trade on Index and single stocks
and long single name shares. Within Relative Value, there were strong gains
across all the books. The beginning of normalization in money markets following
the credit squeeze in August helped to stabilize a number of core trades for the
group across all major currencies. In US Dollar, the unwinding of tensions in
the repo market was helpful. In Sterling, the normalization of Libor following
the Northern Rock crisis saw strong gains in the Sterling RV portfolio. In our
fixed income volatility books, the core long gamma positions continued to prove
profitable.

In one of the best performance months since inception, Systematic rebounded from
August to finish September up 6.71%, bringing the YTD back up over 18%. The
majority of the return came from Energies, the rest from Equities and FX. Short
interest rates also provided a good return, as did Crops. The Meat sector was
flat, while Bonds and Metals were slightly down. Margin-to-equity finished the
month at 10.7.

Emerging Markets came back strongly from August to finish the month up 5.3%. The
main theme of September was that the team profited from taking the portfolio
aggressively long in liquid products. Returns were driven by two areas: FX and
Equities.

With broad contribution from all strategies, Credit Arbitrage had a strong month
finishing up 3.03%. Correlation was the top contributor, with the book
benefiting from a rise in implied correlation, positive gamma and slightly long
position on spreads and positive carry. Positive performance also came from
'Other' (RV ABS trades and portfolio hedges in the Macro book), Equity
(dispersion and vol being top performers), Intra-Credit (capital structure
trades and US bond basis trades) and Index Arbitrage. Inter-Credit was
relatively flat.

WestHarbor Event Driven/Market Neutral finished the month up 0.22%. Although the
fund did not have any major winners or losers over the period, some of the long
standing positions did perform relatively well. The gearing on the book has
increased back towards the longer-term average, and the concentration levels
have also increased slightly.

As previously discussed in last month's letter, on the 7th of September 2007, we
announced the closure of BlueCrest Equity Fund Limited and LP. As of the 1st of
October, there remains a small holding in Equity (0.8%) within AllBlue due to
the liquidation process; all positions in the Equity fund, however, have been
liquidated and this position is cash. We have considered the most effective way
to redeploy this capital in the short term and have reallocated mostly between
Mixed Arbitrage and the Systematic platform. We have also introduced a new
strategy to the fund, BlueCrest Mercantile, our Trade Finance strategy. This
fund has been operating for the past year and we are very pleased with the level
of returns generated. This fund will not be available for direct external
investment, and all available capacity will only be available for AllBlue. If
you would like any information on the fund, please do not hesitate to contact
us.

Disclaimer:

This publication is issued by Close AllBlue Fund Limited (the 'Company') for
informational purposes exclusively to and for the benefit only of shareholders
in the Company and to no one else; and accordingly the Company accepts no
responsibility for the use any third party might make of the information herein
contained and neither is any responsibility implied.

Information on AllBlue Limited and its underlying funds have been provided to
the Company by BlueCrest Capital Management Limited and the Company is not
responsible for, nor does it warrant, the accuracy of such information.
Although BlueCrest Capital Management Limited believes that the information on
AllBlue Limited and its underlying funds is materially correct, no warranty is
given as to the accuracy of the information provided.

This publication may not be relied upon in evaluating the merits of investing in
any securities referred to herein.  Neither is it intended as and is not to be
taken as an offer or solicitation with respect to the purchase or sale of any
security, nor does it constitute an offer or solicitation in any jurisdiction,
including those in which such an offer or solicitation is not authorised or to
any person to whom it is unlawful to make such a solicitation or offer.

Where in this document an estimate of the Net Asset Value of a share in the
Company is given, although the information is believed to be materially correct,
no warranty is given as to the accuracy of the information provided.

The Company's underlying investment programme is speculative in nature and
entails substantial risks.  The underlying investments may be subject to sudden
and large falls in price or value and there could be a large loss upon
realisation which could equal the total amount originally invested.

Further information about Shares in Close AllBlue Fund Limited may be found on
the Company's website at www.closeallbluefund.com.

For further Company shareholder information about investing in the Company
contact:  Richard Killingbeck or Roland Kitson of Close Investments Limited, the
Shareholder Liaison Agent, Tel: London 020 7426 4000.

Neither this press release nor any part of it may be released, mailed,
transmitted, copied, distributed, taken or otherwise sent in or into the United
States of America, Canada, Australia or Japan.  Any failure to comply with these
restrictions may constitute a violation of United States of America, Canada,
Australia or Japanese Securities laws.

Anson Fund Managers Limited

Company Secretary.
Tel: Guernsey 01481 722260

END OF ANNOUNCEMENT

E&OE - in transmission






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