Close Period Share Repurchase

Queen's Walk Investment Limited
04 February 2008

Queen's Walk Investment Limited puts in place Close Period Share Repurchase
Programme



Queen's Walk Investment Limited (the 'Company') announces today that the Company
has entered into an irrevocable, non-discretionary arrangement with Citigroup
Global Markets Limited ('Citi') and JPMorgan Cazenove Limited ('JPM Caz'), to
repurchase on its behalf and within the parameters set out below, ordinary
shares in the Company for cancellation during the close period commencing on 4
February 2008 and ending on or around 5 March 2008 being the proposed date for
the publication of the Company's 31 December 2007 interim results (the 'share
buy back'):



                                    Pricing



The maximum price to be paid shall be not more than 105% of the average of the
middle market quotations for the Company's shares for the five business days
before the day on which purchase is made.



                                     Volume



JPM Caz and Citi will have the authority to consider, on each trading day,
repurchasing more than 50% of the average daily trading volume of the Company's
shares traded over the 20 trading days preceding that date.



The sole purpose of the share buy back is to reduce the capital of the Company.



JPM Caz and Citi, as independent third parties, will make their trading
decisions in relation to the Company's ordinary shares independently of, and
uninfluenced by, the Company.



The share buy back will be effected in accordance with Chapter 12 of the Listing
Rules and with the Company's current authority granted to repurchase up to 14.99
per cent. of its issued share capital as of 3 September 2007.



The Company confirms that it currently has no unpublished price sensitive
information.







For further information please contact:



Investor Relations:

Caroline Villiers [phone]



Citi:

Andrew Forrester [phone]



JPM Caz:

Angus Gordon Lennox  [phone]








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