Transaction in Own Shares

Queen's Walk Investment Limited
19 February 2008



This announcement replaces RNS no 2603O released yesterday which referred to
Citigroup Global Markets U.K. Equity Limited instead of JPMorgan Cazenove
Limited. Please find the full amended text below.



18 February 2008

                        Queen's Walk Investment Limited

                           Transaction in own shares


Queen's Walk Investment Limited announces that today it purchased through
JPMorgan Cazenove Limited 40,000 ordinary shares at an average price of €5.10
per share.  The highest price and lowest price paid for these shares were €5.10
and €5.10 respectively.  The purchased shares will all be cancelled.

Following the above purchase, the Company has a total of 31,631,948 ordinary
shares in issue.  The number of ordinary shares purchased represented 0.126% of
the voting rights attributable to the total ordinary shares in issue prior to
such purchases.



For further information please contact:



Investor Relations:
Caroline Villiers [phone]




About the Company:



Queen's Walk Investment Limited is a Guernsey-incorporated investment company
listed on the London Stock Exchange. The Company invests primarily in a
diversified portfolio of subordinated tranches of asset backed securities,
including the unrated 'equity' or 'first loss' residual income positions
typically retained by the banks or other financial institutions which have
originated the loan assets that collateralise a securitisation transaction. The
Company makes such investments where its investment manager, Cheyne Capital
Management (UK) LLP, considers the coupon or cash flows from the investment to
be attractive relative to the credit exposure of the underlying asset
collateral. The Company believes that its investment focus provides equity
investors with exposure to a relatively new investment opportunity in this asset
class.










                      This information is provided by RNS
            The company news service from the London Stock Exchange