Proposed Fundraising

RNS Number : 6527V

Close AllBlue Fund Limited

30 May 2008

Close AllBlue Fund Limited (the 'Company')

Further to the announcement of the results of the General Meetings held today, the Board announces that the Company is considering, in the absence of unforeseen circumstances, a placing and offer for subscription of C Shares which it is currently expected will be completed in July.

For further information please contact:

Anson Fund Managers Limited

Company Secretary

Tel: Guernsey +44 (0)1481 722260

Hoare Govett Limited

Gary Gould/ Stuart Klein

Tel: +44 (0)20 7678 8000

Collins Stewart Europe Limited

Nominated Advisor

Hugh Field

Tel: +44 (0)20 7523 8350

30 May 2008