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Monday 11 October, 2004

Theorema Europe Fund

Re: Issue of Series of Shares

Theorema Europe Fund Limited
11 October 2004

COMPANY ANNOUNCEMENT






For Immediate Release                                                                11 October 2004












Theorema Europe Fund, Ltd

(the 'Company')





Issue of Series of Shares



The Directors of the Company wish to announce that the following Series of
Shares in the Company have been issued:




Series                        Date issued                   Issue Price

Series A6                     1 October 2004                €100
Series B8                     1 October 2004                €100
Series BB10                   1 October 2004                €100



The Series A6, Series B8 and Series BB10 will be admitted to the Daily Official
List of the Irish Stock Exchange with effect from 12 October 2004.










Enquiries:


Theorema Asset Management Ltd                                                 Wayne Davis

                                                                              Phone: + 44 207 318 5333

McCann FitzGerald Listing Services Limited                                    Michelle Davey

                                                                              Phone: + 353 1 607 1392









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