Share Repurchase Programme

Queen's Walk Investment Limited
30 July 2007



30 July 2007

Queen's Walk Investment Limited puts in place Close Period Share Repurchase
Programme

Queen's Walk Investment Limited (the 'Company') announces today that the Company
has entered into an irrevocable, non-discretionary arrangement with its brokers,
Citigroup Global Markets U.K. Equity Limited ('Citi') and Goldman Sachs
International ('Goldman Sachs'), to repurchase on its behalf and within the
parameters set out below, ordinary shares in the Company for cancellation during
the close period commencing on or around 4 August 2007 and ending on or around 4
September 2007 the proposed date for the publication of the Company's quarterly
results (the 'share buy back'):

                                    Pricing

The maximum price to be paid shall be not more than 105% of the average of the
middle market prices paid for the Company's shares for the five business before
the day on which purchase is made.

                                     Volume

Goldman Sachs and Citi will endeavour to repurchase on each trading day up to
50% of the average daily trading volume of the Company's shares traded over the
20 trading days preceding that date.

The sole purpose of the share buy back is to reduce the capital of the Company.

Goldman Sachs and Citi, as independent third parties, will make their trading
decisions in relation to the Company's ordinary shares independently of, and
uninfluenced by, the Company.

The share buy back will be effected in accordance with Chapter 12 of the Listing
Rules and with the Company's current authority granted to repurchase up to 9.99
per cent. of its issued share capital.


For further information please contact:

Investor Relations:
Caroline Villiers [phone]

Citi:
Andrew Forrester [phone]

Goldman Sachs:
Jim Wight [phone]




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