Redemption facility

Redemption facility

The Board  of  Advance  Focus  Fund Limited  announces  that  as  the
Company's  redeemable  preference  shares  ("Shares")  traded  at  an
average month end discount of 3.1% to net asset value ("NAV")  during
the period from 1 April 2006 to 30 September 2006 and were trading at
a discount  of 3.7%  at the  date of  the latest  published NAV,  the
facility to redeem the Company's Shares on 28 February 2007 will  not
be invoked.

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