Net Asset Value

Close AllBlue Fund Limited
28 November 2007


FOR IMMEDIATE RELEASE

28 November 2007

THE CLOSE MAN HEDGE FUND LIMITED

ESTIMATED NET ASSET VALUE OF A SHARE

The estimated Net Asset Value ('NAV') of a participating redeemable preference
share of 0.0001 pence each (a 'Share') in The Close Man Hedge Fund Limited (the
'Company') is calculated as being 122.203 pence as at the close of business on
Friday 16 November 2007 (the 'VP', being the valuation point).

The above estimated NAV of a Share has been calculated using information which,
whilst being received from a reliable source, is itself 'estimated' and
accordingly none of the Company, The Royal Bank of Scotland plc, Man MS Sterling
Limited, Man Investments Limited and Man Valuation Services Limited accept any
responsibility for the accuracy of the estimated NAV figure given, and neither
is any responsibility implied.

This estimated NAV of a Share is provided for indication purposes only and
should not be relied upon for investment decisions. The Company intends to issue
the estimated NAV of a Share on a weekly basis. The Company also intends to
issue a confirmed NAV per Share for the VP on the last day of each month in
approximately 30 business days after that VP.

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.

For further information contact:

Anson Fund Managers Limited
Company Secretary

Tel: Guernsey 01481 722260

E&OE - in transmission



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