Net Asset Value(s)

7 December 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 30 November 2012 was 117.18p (31 October 2012: 111.61p per share).

The proportion of the Fund's NAV at 30 November 2012 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              
                                                                             
Sutton Harbour Holdings plc        14.8                   27.0%             
                                                                             
TT Electronics plc                 14.2                    4.1%              
                                                                             
Norcros plc                        11.0                    8.2%              
                                                                             
Devro plc                           9.5                    1.1%              
                                                                             
Northgate plc                       8.5                    1.5%              
                                                                             
API Group plc                       7.7                    8.8%              
                                                                             
Tribal Group plc                    6.7                    4.4%              
                                                                             
Smiths News plc                     6.4                    1.4%              
                                                                             
United Drug plc                     5.8                    0.6%              
                                                                             
Renishaw plc                        4.5                    0.2%              
                                                                             
Total of ten largest holdings      89.1                                      
                                                                             
Other investments                  10.8                                      
                                                                             
Cash and accruals                  17.3                                      
                                                                             
Total NAV                         117.2                                     



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]