Review of Service Providers

Close AllBlue Fund Limited
19 March 2008

CLOSE ALLBLUE FUND LIMITED (THE 'COMPANY')

Review of service providers 

Following the announcement that the Company intends to seek admission for its 
shares to the Official List and for its shares to be admitted to trading on the
main market of the London Stock Exchange, the Board of directors has also 
decided to conduct a review of its service providers. 

As the Company's requirements will change if its listing is migrated to the 
Official List, and in order to provide it with maximum flexibility, the Board 
announces that it has served protective notice to terminate the Shareholder 
Liaison Agreement. The appointment of the Shareholder Liaison Agent will, 
therefore, cease to be effective as of 28 February 2009, unless otherwise 
agreed. The Board is also reviewing its contractual relationships with other 
service providers so as to ensure that the migration of the Company's listing 
and reorganisation of its service needs can be conducted in an efficient 
manner. The Board wishes it to be known that these developments do not arise 
from dissatisfaction with any current service provider.


For further information please contact:

Anson Fund Managers Limited
Secretary
PO Box 405
Anson Place
Mill Court
St Peter Port
Guernsey
GY1 3GF

Tel: [phone]

Collins Stewart Europe Limited
Nominated Advisor
Hugh Field
Tel: [phone]

Close Investments Limited
Shareholder Liaison Agent
Richard Killingbeck
Tel: [phone]

19 March 2008

E&OE In Transmission






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