For immediate release on 4 November 2009
CQS Rig Finance Fund Limited (the "Company")
Statement re Extension of Unsecured Facility Agreement
The Company announces that on 23 October 2009 it extended, until 21
October 2010, the one year US$6 million unsecured facility agreement,
which was originally entered into with RBC Cees Trustee Limited
("RBC") on 23 October 2008 (the "Facility")(as announced on 24
October 2008).
The Facility, which was provided by RBC in its capacity as trustee of
certain assets for the benefit of Michael Hintze, Chief Executive of
CQS, who holds a majority interest in CQS Cayman LP, the Company's
investment manager, was extended on the same terms as the original
Facility. The Directors consider, having consulted with the Company's
Nominated Adviser, that the terms of the extended Facility are fair
and reasonable insofar as the Company's shareholders are concerned.
Enquiries:
Alastair Moreton
Arbuthnot Securities Limited
Nominated Adviser
Telephone 020 7012 2000
Secretary
Kleinwort Benson (Channel Islands) Fund Services Limited
Telephone 01481 727111
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