Net Asset Value(s)

5 August 2011

                          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") per
share on 31 July 2011 was 108.38p (30 June 2011; 109.01p per share).

The proportion of the Fund's NAV at 31 July 2011 represented by the five
largest holdings, other investments and cash (including accruals) was as
follows:


                                Pence per share        Percentage of investee  
                                                            equity held        
                                                                               
PayPoint plc                          9.1                       1.5            
                                                                               
Omega Insurance Holdings              9.0                       3.2            
Ltd                                                                            
                                                                               
JJB Sports plc                        8.0                       7.1            
                                                                               
N Brown Group plc                     6.9                       0.5            
                                                                               
Sutton Harbour Group plc              5.4                       13.6           
                                                                               
Total of five largest                38.4                                      
holdings                                                                       
                                                                               
Other investments                    19.0                                      
                                                                               
Cash/accruals                        51.0                                      
                                                                               
Total NAV                            108.4                                     

During July, the Fund received the proceeds of its holding in Pinewood
Shepperton plc, which added £26.7m to the Fund's cash balances, which currently
stand at 51p per share.


As a result of the Fund's successful exit from Pinewood Shepperton plc, the
Fund's investment in N Brown Group plc has become one of its top five holdings.

For further enquiries please contact;

Crystal Amber Fund Limited

William Collins (Chairman)

Tel: [phone]

Merchant Securities Limited - Nominated Adviser

David Worlidge/Simon Clements

Tel: [phone]

Numis Securities Limited - Broker

Nathan Brown/Hugh Jonathan

Tel: [phone]

Crystal Amber Advisers (UK) LLP - Investment Adviser

Richard Bernstein

Tel: [phone]