Net Asset Value(s)

7 April 2009

                          CRYSTAL AMBER FUND LIMITED                           

                    ("Crystal Amber Fund" or the "Company")                    

                             NET ASSET VALUE GROWS                             

Crystal Amber Fund announces that its unaudited net asset value on 31 March
2009 was 100.01p per share, compared with 95.58p per share at 31 December 2008.

The Company's shares were admitted to trading on AIM on 17 June 2008 and its
net asset value per share is calculated quarterly. The initial unaudited net
asset value at 30 June 2008, reflecting the costs of flotation, was 95.05p per
share.

William Collins, Chairman of Crystal Amber Fund, commented:

"The Company's first nine months since admission to AIM have proved to be a
period of turmoil in financial markets and in the world economy. The FTSE 250
index, which includes many of the stocks we monitor, fell by more than 30 per
cent. Against this background, we are pleased to report that our net asset
value per share has risen.

"We are continuing to engage in discussion with investee companies. We are
pleased that, following constructive discussions with its management, profits
have been realised on our largest shareholding, 3i Quoted Private Equity Plc,
which is being acquired by the 3i Group Plc. Our return on this investment was
in excess of 50 per cent.

"We are maintaining a cautious and considered approach to building a portfolio
of selective and targeted investments. The task in the months ahead is to
continue to deploy our resources effectively. The results to date give us
confidence that this can be achieved successfully".

For further enquiries please contact:

Crystal Amber Fund Limited

William Collins (Chairman)

Tel: [phone]

John East & Partners Limited

David Worlidge/Bidhi Bhoma

Tel: [phone]