27th July 2007
CQS RIG FINANCE FUND LIMITED
Directors Share Dealing - Correction to Announcement
CQS Rig Finance Fund Limited announces that it has been informed by Mr Bruce
Applebaum, a director of CQS Rig Finance Fund Limited, of the purchase of
shares listed below. (It was erroneously stated in the previous announcement
that Mr Applebaum was the Chairman of the company).
Date Nominal Price
20.07.2007 10,000 USD 2.1798
Mr Applebaum has interests representing less than 0.1% of the shares in issue.
Kleinwort Benson (Channel Islands) Fund Services Limited