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 3.9% to net asset value ("NAV")  during
the period from 1 October 2006 to 31 March 2007 and were trading at a
discount of  4.6%  at the  date  of  the latest  published  NAV,  the
facility to redeem the Company's Shares on 31 August 2007 will not be
invoked.

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