Geiger Counter Ltd : Compliance with AIFMD

GEIGER COUNTER LIMITED (the "Company")

Date of Announcement: 22/07/2014

NOTICE OF ENTRY INTO ARRANGEMENTS WITH SERVICE PROVIDERS TO ENSURE COMPLIANCE WITH THE ALTERNATIVE INVESTMENT FUND MANGERS DIRECTIVE (2011/61/EU) ("AIFMD")

The Company announces that with effect from 21 July 2014 the Company will enter into the arrangements necessary to ensure compliance with AIFMD.

Following a review of the Company's arrangements, the Board approved the appointment of CQS Asset Management Limited ("CQS") as the Company's alternative investment fund manager ("AIFM") on the terms of and subject to the conditions of a new investment management agreement between the Company and CQS and CQS Cayman Limited Partnership. The management fee and notice period remain unchanged.

The Board also authorised the appointment of Indos Financial Limited ("Indos") to act as the company's depositary to perform its duties as set out in Article 21(7), Article 21(8)(b) and Article 21(9) of in accordance with AIFMD on the terms and subject to the conditions of the depositary agreement between the Company, CQS and Indos. The fee payable to Indos by the Company is as follows: 0.02% of the Net Asset Value of the Company per annum up to £150 million, subject to a minimum fee of £1,400 per month.

As a result of the additional reporting requirements for AIFMD the Board has taken the decision to announce daily market value net asset values from 21 July 2014. With effect from this date the Administrators overall minimum fee has been amended to £75,000 from £60,000 and its overall maximum fee has been amended to £115,000 from £100,000.

 For further information please contact:

Craig Cleland - New City Investment Managers - 020 7201 5368

Lisa Neil - R&H Fund Services (Jersey) Limited - 01534 825 336

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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Geiger Counter Ltd via Globenewswire

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