Net Asset Value(s)

8 October 2010

                          CRYSTAL AMBER FUND LIMITED                           

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

                            Monthly Net Asset Value                            

Crystal Amber Fund announces that its unaudited net asset value ("NAV") on 30
September 2010 was 112.09 pence per share (31 August 2010: 116.72 pence per
share).

Commentary

Shares in the Fund's most recent investment, Omega Insurance Holdings
Limited rose 10 per cent. during September after adjusting for dividends,
following sizeable directors' share purchases and a ratings upgrade from A.M.
Best, the insurance industry ratings agency.

 

Set against that, NAV was eroded by weakness in the share price of JJB Sports
plc ("JJB"). Although JJB has net debt of just £1.1 million and annual revenues
of circa £400 million, the stock market remains sceptical about the recovery
story, given JJB's chequered recent past. However, the Crystal Amber Fund board
remains of the view that JJB's new management team is steadily working through
past operational weaknesses and that investors will be rewarded once recovery
is firmly established.

The Fund's board is encouraged by the performance of the rest of the portfolio.

William Collins, Chairman of Crystal Amber Fund, commented:

"We remain committed to delivering value from all our holdings. Our strategy of
active engagement with our investee companies continues. "

For further enquiries please contact:

Crystal Amber Fund Limited

William Collins (Chairman)

Tel: [phone]

Merchant Securities Limited

David Worlidge/Bidhi Bhoma

Tel: [phone]

Crystal Amber Advisers (UK) LLP

Richard Bernstein

Tel: [phone]