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Close Eur Accelerate (CEAF)

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Friday 05 January, 2007

Close Eur Accelerate

Inv. Objective & Performance

Close European Accelerated Fund Ltd
05 January 2007

FOR IMMEDIATE RELEASE

5 January 2007

Close European Accelerated Fund Limited (the 'Company')

The Company's investment objective is to provide investors with five times the
growth of the Dow Jones EuroStoxx 50 Index, up to a maximum capital repayment of
167.5 pence, over the six year period to 26 July 2011, combined with a high
level of capital security, subject to any unforeseen circumstances.

The Shares will offer full capital protection unless the Dow Jones EuroStoxx 50
Index has closed down more than 50 per cent from its starting value (ie below
1,651.49) during the term AND fails to recover to its starting value. In this
case, the return on the Shares will be the same as the return on the Index. If
the Index subsequently recovers and rises above its starting value, the Shares
will still offer five times the growth of the Dow Jones EuroStoxx 50 Index,
again up to a maximum capital repayment of 167.5 pence.

The official closing level of the Dow Jones EuroStoxx 50 Index as at 29 December
2006 was 4119.94.  If the Index closed at this level on 26 July 2011, the
redemption price (ending share price) would be 167.50 pence, compared to a
maximum of 167.50 pence.

Payoff Profile

The table below illustrates how the redemption value of the Shares might vary
for different ending levels of the Dow Jones EuroStoxx 50 Index.

                                        
                                            Ending Share Price
                      If Dow Jones EuroStoxx 50        If Dow Jones EuroStoxx 50
Final Dow Jones       Index never closes below             Index closed below
EuroStoxx 50 Index*            1,651.49+                      1,651.49+
  2,600                           100.0                         78.5
  2,700                           100.0                         81.5
  2,800                           100.0                         84.5
  2,900                           100.0                         87.5
  3,000                           100.0                         90.5
  3,100                           100.0                         93.5
  3,200                           100.0                         96.5
  3,300                           100.0                         99.5
  3,400                           114.5                         114.5
  3,500                           129.5                         129.5
  3,600                           144.5                         144.5
  3,700                           160.0                         160.0
  3,800                           167.5                         167.5
  3,900                           167.5                         167.5
  4,000 or over                   167.5                         167.5


* As at 26 July 2011

+ On any day from 26 July 2005 to 26 July 2011

The final return is subject to there being no counterparty default or any other
unforeseen circumstances.


Structured Capital at Risk Products (SCARPs)

The Company has been advised that the Company is a SCARP as defined by the
Financial Services Authority (FSA). Investors should refer to the FSA factsheet,
which is available at www.fsa.gov.uk/consumer/pdfs/capital_risk.pdf.

The return of capital invested at the end of the investment period is not
guaranteed and therefore the investor may get back less than was originally
invested. Investors should not enter into the transaction unless they are
prepared to lose some or all of the money they have invested.

They should satisfy themselves that the shares are suitable for them in the
light of their circumstances and financial position, and if in any doubt they
should seek professional advice. Investors may only achieve the rate of return
advertised over a set period and the return may depend on specific conditions
being met.

The monthly factsheet is available on the website www.closefm.com.

For further information contact:

Anson Fund Managers Limited
Company Secretary

Tel: 01481 722260

E&OE - In Transmission







                      This information is provided by RNS
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