Net Asset Value(s)

7 May 2013

                          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 30 April 2013 was 128.69p (31 March: 128.19p per share).

The proportion of the Fund's NAV at 30 April 2013 represented by the ten
largest holdings, other investments and cash (including accruals), was as
follows:

Top ten holdings              Pence per share  Percentage of investee equity 
                                                           held              
                                                                             
TT Electronics plc                 14.0                    3.1%              
                                                                             
Norcros plc                        13.1                    8.2%              
                                                                             
Sutton Harbour Holdings plc        10.5                    28.4%             
                                                                             
Tribal Group plc                   10.2                    4.4%              
                                                                             
API Group plc                       9.9                    11.2%             
                                                                             
Devro plc                           9.3                    1.0%              
                                                                             
Smiths News plc                     7.5                    1.3%              
                                                                             
4imprint Group plc                  7.5                    3.2%              
                                                                             
Northgate plc                       5.4                    0.7%              
                                                                             
Thorntons plc                       4.0                    4.3%              
                                                                             
Total of ten largest holdings      91.4                                      
                                                                             
Other investments                  23.5                                      
                                                                             
Cash and accruals                  13.8                                      
                                                                             
Total NAV                          128.7                                     

 For further enquiries please contact:


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

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

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

Broker Profile Limited - Stockbroker Relations Consultants
Simon Courtenay
Tel: [phone]

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