Result of EGM

Queen's Walk Investment Limited
08 January 2008

 THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR
      INDIRECTLY IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN

                        Queen's Walk Investment Limited

                    Result of Extraordinary General Meeting



Queen's Walk Investment Limited (the 'Company') announces that at the
extraordinary general meeting of the Company held earlier today, the
Shareholders of the Company approved the special resolution authorising the
Tender Offer as defined in the Company's Circular to shareholders dated 4
December 2007 (the 'Tender Offer Circular'). Definitions used in the Tender
Offer Circular also apply in this announcement.

The special resolution approving the Tender Offer was passed on a show of hands
by those present at the meeting. Had a poll been held, the result would have
been:

For: 19,287,334
Against: 6,385

Withheld: 57,000

The total number of Ordinary Shares voted was 19,350,719, representing 55.46 per
cent. of the share capital of the Company in issue as at the time of the
meeting.

Accordingly, the Tender Offer has become unconditional and the Company will
repurchase 2,777,777 Ordinary Shares under the Tender Offer. The Company expects
to dispatch cheques and credit CREST accounts with Tender Offer proceeds by 15
January 2008. The company also expects that unsold Ordinary Shares will be
released by the Escrow Agent (for uncertificated holders) or their share
certificates will be returned (for certificated holders) by 15 January 2008.

At the close of business on Monday 7 January 2008, the Company had 34,882,719
Ordinary Shares in issue, of which 2,777,777 will be repurchased pursuant to the
Tender Offer and of which a further 5,252,316 Ordinary Shares are still able to
be bought back under the Company's general buy back authority.



For further information please contact:

Investor Relations:

Caroline Villiers [phone]

About the Company:

Queen's Walk Investment Limited is a Guernsey-incorporated investment company
listed on the London Stock Exchange. The Company's investment objective is to
preserve capital and to provide stable returns to shareholders in the form of
quarterly dividends. To achieve this, Queen's Walk invests primarily in a
diversified portfolio of subordinated tranches of asset backed securities,
including the unrated 'equity' or 'first loss' residual income position
typically retained by the banks or other financial institutions which have
originated the loan assets that collateralise a securitisation transaction. The
Company makes such investments where its investment manager, Cheyne Capital
Management Limited, considers the coupon or cash flows from the investment to be
attractive relative to the credit exposure of the underlying asset collateral.
The Company believes that its investment focus provides equity investors with
exposure to a relatively new investment opportunity in this asset class.


                      This information is provided by RNS
            The company news service from the London Stock Exchange