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Queens Walk Inv Ltd (RECI)

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Friday 12 October, 2007

Queens Walk Inv Ltd

Repurchase of shares

Queen's Walk Investment Limited
12 October 2007


 THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR
      INDIRECTLY IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN

                        Queen's Walk Investment Limited

                              Repurchase of Shares

As at the close of business on Wednesday 11 October 2007, the Company had
39,575,202 shares in issue, of which 4,504,500 will be repurchased pursuant to
the tender offer that became unconditional on Monday 8 Oct 2007, and of which a
further 5,440,299 shares are still able to be bought back under the Company's
general buy back authority.


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's investment objective is to
preserve capital and to provide stable returns to shareholders in the form of
quarterly dividends. To achieve this, Queen's Walk invests primarily in a
diversified portfolio of subordinated tranches of asset backed securities,
including the unrated 'equity' or 'first loss' residual income position
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 Limited, 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