Net Asset Value(s)

7 June 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 May 2011 was 109.18 pence per share (30 April 2011; 111.47p pence
per share).

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


                                Pence per share      Percentage of equity held 
                                                                               
Pinewood Shepperton plc              44.4                       28.9           
                                                                               
PayPoint plc                         11.0                       1.9            
                                                                               
Omega Insurance Holdings              9.6                       3.2            
Ltd                                                                            
                                                                               
JJB Sports plc                        8.1                       7.1            
                                                                               
Forth Ports plc                       6.5                       0.5            
                                                                               
Total of five largest                79.6                                      
holdings                                                                       
                                                                               
Other investments                    24.0                                      
                                                                               
Cash / accruals                       5.6                                      
                                                                               
Total NAV                            109.2                                     

For further enquiries please contact:

Crystal Amber Fund Limited

William Collins (Chairman)

Tel: [phone]

Merchant Securities Limited - Nominated Adviser & Joint Broker

David Worlidge / Simon Clements

Tel: [phone]

Numis Securities Limited - Joint Broker

Nathan Brown / Hugh Jonathan

Tel: [phone]

Crystal Amber Advisers (UK) LLP - Investment Adviser

Richard Bernstein

Tel: [phone]