Financing update

Queen's Walk Investment Limited
16 July 2007



16 July 2007


                        Queen's Walk Investment Limited

                                Financing Update

Queen's Walk Investment Limited (the 'Company') announces today that it has
entered into a four-year revolving Euro 135 million financing facility arranged
and placed by Deutsche Bank. 

Commenting on the facility, Tom Chandos, Chairman of the Company's board of 
directors, said: 'We believe this longer-term facility provides a very 
significant benefit to the Company, as it eliminates the liquidity risk of 
short-term borrowings. It puts the Company in a stronger financial position with 
a stable source of financing for the future.'


For further information please contact:

Investor Relations:
Caroline Villiers [phone]


About the Company:

Queen's Walk Investment Limited is a Guernsey-incorporated investment company
listed on the London Stock Exchange. The Company invests primarily in a
diversified portfolio of subordinated tranches of asset backed securities,
including the unrated 'equity' or 'first loss' residual income positions
typically retained by the banks or other financial institutions which have
originated the loan assets that collateralise a securitisation transaction. The
Company makes such investments where its investment manager, Cheyne Capital
Management (UK) LLP, considers the coupon or cash flows from the investment to
be attractive relative to the credit exposure of the underlying asset
collateral. The Company believes that its investment focus provides equity
investors with exposure to a relatively new investment opportunity in this asset
class.


The content of this announcement includes statements that are, or may be deemed
to be, 'forward-looking statements'. These forward-looking statements can be
identified by the use of forward-looking terminology, including the terms
'believes', 'estimates', 'anticipates', 'expects', 'intends', 'considers',
'may', 'will' or 'should'. By their nature, forward-looking statements involve
risks and uncertainties and readers are cautioned that any such forward-looking
statements are not guarantees of future performance. The Company's actual
results and performance may differ materially from the impression created by the
forward-looking statements. The Company undertakes no obligation to publicly
update or revise forward-looking statements, except as may be required by
applicable law and regulation (including the Listing Rules).







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