Transaction in Own Shares

Queen's Walk Investment Limited 26 March 2008 26 March 2008 Queen's Walk Investment Limited Transaction in own shares Queen's Walk Investment Limited announces that today it purchased through JPMorgan Cazenove Limited 25,000 ordinary shares at an average price of €3.90 per share. The highest price and lowest price paid for these shares were €3.90 and €3.90 respectively. The purchased shares will all be cancelled. Following the above purchase, the Company has a total of 30,706,048 ordinary shares in issue. The number of ordinary shares purchased represented 0.081% of the voting rights attributable to the total ordinary shares in issue prior to such purchases. For further information please contact: Investor Relations: Caroline Villiers +44 (0) 20 7153 1521 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. This information is provided by RNS The company news service from the London Stock Exchange
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