Net Asset Value(s)

RNS Number : 7210A

BlueCrest AllBlue Fund Ltd

05 August 2008

 



BLUECREST ALLBLUE FUND LIMITED (the 'Company') 

5 August 2008 

BLUECREST ALLBLUE FUND LIMITED  

ESTIMATED MONTHLY NET ASSET VALUE ('NAV') OF SHARES* 

The estimated Net Asset Value of the under mentioned six classes of shares of no par value in BlueCrest AllBlue Fund Limited (collectively the 'Shares') as at the close of business on Thursday 31 July 2008 (the 'VP', being the valuation point) are: 

Ordinary Shares	NAV	MTD Performance	YTD Performance
Sterling Shares ISIN: GB00B13YVW48	GBP 1.1887	0.14 %	6.41 %
Euro Shares ISIN: GB00B13YXC81	EUR 1.1479	-0.10 %	5.56 %
US$ Shares ISIN: GB00B13YXH37	USD 1.1642	-0.28 %	4.44 %
C Shares	NAV
Sterling Shares ISIN: GG00B2RJ9K64	GBP 0.9901
Euro Shares ISIN: GG00B2RJ9P10	EUR 0.9900
US$ Shares ISIN: GG00B2RJ9R34	USD 0.9899

Illustrative Conversion Ratios 

On the basis of the estimated net asset values set out above, the illustrative Conversion Ratios as at 31 July 2008, calculated in accordance with the Company's prospectus dated 13 June 2008, are as follows: 

0.8329 Sterling Shares for every one Sterling C Share

0.8624 Euro Shares for every on Euro C Share

0.8502 US$ Shares for every one US$ C Share

On the basis of the illustrative Conversion Ratios:

A holder of 1000 Sterling C Shares would receive 832 new Sterling Shares on Conversion

A holder of 1000 Euro C Shares would receive 862 new Euro Shares on Conversion

A holder of 1000 US$ C Shares would receive 850 new US$ Shares on Conversion

The illustrative Conversion Ratios have been calculated for information purposes only and are not intended to be, nor should they be taken as, a forecast of either the actual Conversion Ratios or a forecast of the number of Sterling Shares, Euro Shares or US$ Shares (as appropriate) which will arise on Conversion. 

Expected Timetable to Conversion of C Shares

As announced on 1 August 2008, the Calculation Time in respect of Conversion of C Shares is 31 July 2008. The actual Conversion Ratios for Sterling C Shares, Euro C Shares and US$ C Shares into Sterling Shares, Euro Shares and US$ Shares respectively are expected to be calculated and announced in accordance with the following expected timetable:

Announcement of actual Conversion Ratios            3 September

Record date for Conversion and C Share registers close        5pm on 3 September     

Conversion Time and C Shareholder CREST accounts         4 September

credited with new Ordinary Shares (of the relevant class)

* IMPORTANT NOTES

The MTD performance figure is calculated by reference to the previous estimated month end NAV or, if published, the previous month end confirmed NAV. The YTD performance figure is calculated by reference to the confirmed NAV at the end of the last calendar year. 

These estimated NAVs have been calculated using the estimated net asset value of the respective currency classes of Shares in AllBlue Limited owned by the Company as at the VP following information supplied to the Company by BlueCrest Capital Management Limited of London, England acting on behalf of BlueCrest Capital Management L.P., the appointed Investment Manager of AllBlue Limited. 

The above estimated NAVs of the Shares have been calculated using information which, whilst being received from a reliable source, is itself 'estimated' and accordingly the Company accepts no responsibility for the accuracy of the estimated NAV figures given, and neither is any responsibility implied. These estimated NAVs of the Shares are provided for indication purposes only. 

Note: AllBlue Limited is a fund of hedge funds exempted company incorporated with limited liability in the Cayman Islands as an open-ended investment company. The Company is a closed-ended investment company registered and incorporated in Guernsey. The Shares of the Company are admitted to the Official List and to trading on the Main Market of the London Stock Exchange. 

5 August 2008 

For further information about this announcement contact: 

Anson Fund Managers Limited 

Secretary 

Tel: [phone] 

 

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