Net Asset Value(s)

7 February 2012

                          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 January 2012 was 101.99p (31 December 2011: 88.72p per share).

The proportion of the Fund's NAV at 31 January 2012 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              25.2                   5.8%            
                                                                       
Renishaw plc                    11.6                   0.7%            
                                                                       
Sutton Harbour plc              9.1                   26.2%            
                                                                       
Devro plc                       8.5                    1.2%            
                                                                       
N Brown Group plc               8.2                    0.8%            
                                                                       
Total of five largest           62.6                                   
holdings                                                               
                                                                       
Other investments               33.2                                   
                                                                       
Cash and accruals               6.2                                    
                                                                       
Total NAV                       102                                    

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]