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Monday 06 February, 2006

Libra Europe Fund

Change of Administrator

Libra Europe Fund Limited
06 February 2006

STOCK EXCHANGE ANNOUNCEMENT



For Immediate Release 6 February, 2006



Libra Europe Fund Limited



Re: Change of Administrator & Creation of unlisted share class



The Directors of Libra Europe Fund Limited (the 'Company') wish to announce
that, with effect from 22 December, 2005 Citco Fund Services (Dublin) Limited
has been appointed, in place of Goldman Sachs Management (Ireland) Limited, as
Administrator of the Company, pursuant to an Administration Agreement, dated 22
November 2005, between the Company and the new Administrator. The new
Administrator's address is Custom House Plaza, Block 6, International Financial
Services Centre, Dublin 1, Ireland.



The new Administrator will receive a fee from the Company based on the month-end
net assets of the Master Fund at the relevant basis points per annum rate as
follows:

Month-end net assets                                        Basis Points per
annum

Less than €200 million                                      13 bps (0.13%)

Between  €200 - €400 million                          11 bps (0.11%)

In excess of €400 million                                   10 bps (0.10%)



All other material terms of the Administration Agreement are the same as those
of the previous Administration Agreement. This change in administrator was not
previously notified to the Irish Stock Exchange due to an administrative
oversight.



The Directors of the Company also wish to announce that the Company has
established a new class of shares ('US$ Shares') in the Company and assets and
liabilities of this class as are attributable to such class are separately
maintained and accounted for. US$ Shares in the Company were first issued on 4
January 2005. The US$ Shares have the same investment objective, investment
approach and investment restrictions as the Euro Shares and the same
subscription and redemption provisions and fees will be payable.  The Directors
do not currently intend to apply for the US$ Shares to be admitted to listing on
the Irish Stock Exchange or any other stock exchange.



This change in administrator was not previously notified to the Irish Stock
Exchange due to an administrative oversight.





Enquiries:


Administrator/Investment Manager             Roy Cairns                   +353 1 636 7364


J&E Davy                                     Aoife Colgan                 +353 1 614 8933





This announcement has been issued through the Companies Announcement Service of

                           the Irish Stock Exchange.




















                      This information is provided by RNS
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