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CQS RIG Finance Fund LTD (RIG)

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Tuesday 29 July, 2008

CQS RIG Finance Fund LTD

Director/PDMR Shareholding

For immediate release

CQS Rig Finance Fund Limited (the "Company")

Director's Dealings

The Company was notified on 29 July 2008 that following the purchase of 20,000
Ordinary Shares on 29 July 2008 at a price of 79 pence per Ordinary Share,
Gavin Strachan, Director, is now interested in 59,482 Ordinary Shares
representing approximately 0.06 per cent. of the Company's issued share

For further information please contact:

Kleinwort Benson (Channel Islands) Fund Services Limited
01481 727111

Nominated Adviser
Arbuthnot Securities Limited
Alastair Moreton
020 7012 2000