Net Asset Value(s)

11 June 2012

                          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 May 2012 was 106.91p (30 April 2012: 110.47p per share).

The proportion of the Fund's NAV at 31 May 2012 represented by the five largest
holdings, other investments and cash (including accruals), was as follows:

Top five holdings         Pence per share     Percentage of investee   
                                                   equity held         
                                                                       
TT Electronics plc              20.2                   4.8%            
                                                                       
Renishaw plc                    10.7                   0.6%            
                                                                       
Sutton Harbour plc              9.0                   26.7%            
                                                                       
Omega Insurance Holdings        8.5                    3.2%            
Ltd                                                                    
                                                                       
N Brown Group plc               8.1                    0.8%            
                                                                       
Total of five largest           56.5                                   
holdings                                                               
                                                                       
Other investments               42.0                                   
                                                                       
Cash and accruals               8.4                                    
                                                                       
Total NAV                      106.9                                   

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]