Share Conversion

RNS Number : 5259L

BlueCrest AllBlue Fund Ltd

07 May 2010

BlueCrest ALLBLUE FUND LIMITED (the "Company")

CONVERSION BETWEEN SHARE CLASSES & ADMISSION OF NEW SHARES

Conversion requests

The table below summarises the aggregate number of shares of each class in relation to which the Company has received requests to convert such shares into shares of another class with effect from 1 April 2010 (the "Conversion Day").

From Sterling Shares to Euro Shares : 39,972

From Sterling Shares to US Dollar Shares : 107,834

From Euro Shares to Sterling Shares : 105,000

From Euro Shares to US Dollar Shares 30,000

Conversion ratios

The net asset value per share of each class as at the Conversion Day was as follows:

£1.5774 in the case of Sterling Shares

€1.5226 in the case of Euro Shares

$1.5264 in the case of US Dollar Shares

The spot conversion rate used for this conversion was:

GBP / USD : 1.5183

GBP / EUR : 1.1238

EUR / USD : 1.3510

On the basis of the above, the conversion ratios are as follows:

1.164265 Euro Shares for every one Sterling Share

1.533552 US Dollar Shares for every one Sterling Share

0.858886 Sterling Shares for every one Euro Share

1.347600 US Dollar Shares for every one Euro Share

Admission of new shares

Application has been made for 205,797 US Dollar Shares to be admitted to the Official List of the UK Lisiting Authority and to trading on the London Stock Exchange. It is expected that such listing will become effective and that dealings in such shares will commence on 10 May 2010.

Results of conversion

With effect from 10 May 2010, the issued share capital of the Company will be as follows:

Sterling Shares: 273,125,704

Euro Shares: 4,714,739

US$ Shares: 21,090,241

7 May 2010

For further information about this announcement contact:

Anson Fund Managers Limited

Secretary

Tel: 44 (0) 1481 722 260

END OF ANNOUNCEMENT

E&OE - in transmission.