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Monday 16 October, 2006

Euro-Partners Arb.Fu

Change of Administrator

Euro-Partners Arbitrage Fund
16 October 2006

                          STOCK EXCHANGE ANNOUNCEMENT

For Immediate Release
         16 October 2006

                      Euro-Partners Arbitrage Fund Limited

                          Re: Change of Administrator

The Directors of Euro-Partners Arbitrage Fund Limited (the 'Company') wish to
announce that, with effect from 16 October 2006, HSBC Trustee (Cayman) Limited
(the 'new Administrator') has been appointed, in place of Bank of Bermuda
(Cayman) Limited, as Administrator of the Company, pursuant to a Secretarial and
Registrar Agreement, dated 27 February 1992, between the Company and the new
Administrator. The new Administrator's address is Strathvale House, North Church
Street, PO Box 513, George Town, Grand Cayman, Cayman Islands.

All terms of the Novation Agreement of Secretarial and Registrar Administration
Agreement are the same as those of the previous Secretarial and Registrar
Administration Agreement.


Administrator                                Lynniece Robinson            +441-299-5853

NCB Stockbrokers Limited                     Lynne Henry                  + 353-1-611-5607

This announcement has been issued through the Companies Announcement Service of

                           The Irish Stock Exchange.

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

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