Statement re Redemption Offer

RNS Number : 7458D

BlueCrest AllBlue Fund Ltd

01 May 2013

1 May 2013

BLUECREST ALLBLUE FUND LIMITED

REDEMPTION OFFER FOR US DOLLAR SHARES

Further to the announcement by BlueCrest AllBlue Fund Limited (the "Company") on 17 April 2013 with the results of the Continuation Resolutions the Company has today published a Circular to US Dollar Shareholders offering to redeem their US Dollar Shares at the relevant NAV on the NAV Calculation Date immediately preceding such redemption (less the costs of all such redemptions) (the "Redemption Offer").

Pending conclusion of the Redemption Offer, the Board has suspended all future conversions of Euro Shares and Sterling Shares into the US Dollar Share class.

Further Information

Further details of the Redemption Offer are set out in the Circular.

Expected Timetable

Circular sent to US Dollar Shareholders	1 May 2013
Record Date for participation in the Redemption Offer	Close of Business on 3 May 2013
Latest time and date for receipt of Redemption Notices and USE Instructions	1 p.m. on 22 May 2013
Number of US Dollar Shares submitted for redemption announced	24 May 2013
NAV Calculation Date	28 June 2013
Redemption Date	1 July 2013
Redemption Price announced	30 July 2013
CREST Accounts credited with redemption proceeds in respect of uncertificated US Dollar Shares	By 31 August 2013
Cheques posted in respect of certificated US Dollar Shares	By 31 August 2013