Result of EGM and Placing Update

THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS RESTRICTED AND IS NOT FOR
RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN
PART, IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, THE
REPUBLIC OF IRELAND, THE REPUBLIC OF SOUTH AFRICA OR ANY JURISDICTION IN WHICH
THE SAME WOULD BE UNLAWFUL

CRYSTAL AMBER FUND LIMITED

                                                                  15 August2013

Result of EGM and Placing Update

The Board of Crystal Amber Fund Limited ("Crystal Amber" or "the Company") is
pleased to announce that at the Extraordinary General Meeting of the Company
held earlier today, all the resolutions were duly passed.

Further to the announcements issued on 26 July 2013, the Company announces that
the NAV per share at the close of business on 8 August 2013 ("the Calculation
Date") was 140.70p. Accordingly, the Placing Price, which is equivalent to a 3
per cent. premium to the NAV on the Calculation Date, is 144.9p.

Crystal Amber has received firm commitments from certain shareholders and new
investors to subscribe for new Ordinary Shares for a gross consideration of £
26,414,785 under the Placing. Therefore, Crystal Amber has allotted 18,229,665
Placing Shares, subject to admission to trading on AIM and on the CISX,
representing an enlargement of approximately 33 per cent. of the Company's
current issued share capital.

Application has been made to the CISX for the 18,229,665 Placing Shares to be
admitted to listing and trading on the CISX. It is expected that the 18,229,665
Placing Shares will be admitted to listing and to trading on the CISX and that
dealings will commence in such Placing Shares on the CISX on 21 August 2013.

Application has been made for the 18,229,665 Placing Shares to be admitted to
trading on AIM. It is expected that Admission will take place, and dealings in
such Placing Shares will commence, on AIM on 21 August 2013.

Following the issue of the 18,229,665 Placing Shares, the Company will have
73,437,665 Ordinary Shares in issue.

Enquiries

Crystal Amber Fund Limited

William Collins

Tel: [phone]

Crystal Amber Advisers (UK) LLP - Investment Adviser

Richard Bernstein

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]

Important Notice

Capitalised terms used but not defined in this announcement have the same
meanings as set out in the placing announcement of the Company released on 26
July 2013.

Numis Securities Limited, which is authorised and regulated in the United
Kingdom by the Financial Conduct Authority, is acting exclusively as broker to
Crystal Amber Fund Limited and for no one else in connection with the Placing
and will not be responsible to anyone other than Crystal Amber Fund Limited for
providing the protections afforded to clients of Numis Securities Limited or
for providing advice in relation to the Placing or any matter referred to in
this Announcement.

Sanlam Securities UK Limited, which is authorised and regulated in the United
Kingdom by the Financial Conduct Authority, is acting as nominated adviser to
Crystal Amber Fund Limited and is acting for no-one else in connection with the
Placing and will not be responsible to anyone other than Crystal Amber Fund
Limited for providing the protections afforded to clients of Sanlam Securities
UK Limited nor for providing advice in relation to the Placing or any matter
referred to in this Announcement.