Net Asset Value(s)

7 November 2011

                          CRYSTAL AMBER FUND LIMITED                           

                     ("Crystal Amber Fund" or the "Fund")                      

                            Monthly Net Asset Value                            


Crystal Amber Fund announces that its unaudited net asset value ("NAV") per
share on 31 October 2011 was 99.15p (30 September 2011: 101.40p per share).

The proportion of the Fund's NAV at 31 October 2011 represented by the five
largest holdings, other investments and cash (including accruals), was as
follows:

Top five holdings         Pence per share     Percentage of investee   
                                                   equity held         
                                                                       
TT Electronics plc              18.1                   4.5%            
                                                                       
N Brown Group plc               9.3                    0.8%            
                                                                       
Omega Insurance Holdings        8.7                    3.2%            
Ltd                                                                    
                                                                       
PayPoint plc                    8.4                    1.5%            
                                                                       
Renishaw plc                    8.1                    0.7%            
                                                                       
Total of five largest           52.6                                   
holdings                                                               
                                                                       
Other investments               33.2                                   
                                                                       
Cash and accruals               13.4                                   
                                                                       
Total NAV                       99.2                                   



For further enquiries please contact:

Crystal Amber Fund Limited
William Collins (Chairman)
Tel: [phone]

Merchant Securities Limited - Nominated Adviser
David Worlidge/Simon Clements
Tel: [phone]

Numis Securities Limited - Broker
Nathan Brown/Hugh Jonathan
Tel: [phone]

Crystal Amber Advisers (UK) LLP - Investment Adviser
Richard Bernstein
Tel: [phone]