Shareholder Liaison Agent Fee

Close AllBlue Fund Limited
16 August 2007


CLOSE ALLBLUE FUND LIMITED (the 'Company')

REDUCTION OF SHAREHOLDER LIAISON AGENT'S FEE

In May 2007, the Board asked its Shareholder Liaison Agent, Close Investments
Limited, to review and to make recommendations regarding all fee levels charged
to the Company.  This review has now been completed and the following revised
fee arrangements will apply with effect from 1 August, 2007 in regard to the
Shareholder Liaison Agent's fee:

   •The Shareholder Liaison Agent's fee will be reduced from a rate of 0.8%
    of the net asset value of the Company (the 'NAV') per annum to 0.45% of the
    NAV per annum with effect from 1 August, 2007;
   •The total Shareholder Liaison Agent's fees payable shall be subject to a
    cap in any calendar year of £700,000;
   •The cap of £700,000 per annum will be removed if the NAV increases to
    £300 million or more; and
   •If the NAV increases to £300 million or more, the Shareholder Liaison
    Agent's fee will be reduced to 0.4% per annum.

In addition, Collins Stewart Europe Limited replaced Ernst & Young LLP as the
Company's Nominated Adviser with effect from 25 May 2007 and is paid a retainer
of £17,500 per annum for its services, a reduction from the £20,000 per annum
previously paid to Ernst & Young LLP.

No other aspects of the Company's fees arrangements will change and will remain
as outlined in the Company's prospectus dated 2 May, 2006.

For further information contact:

Anson Fund Managers Limited
Company Secretary
Tel: Guernsey 01481 722260

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

16 August 2007

E&OE - in transmission



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