Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

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For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

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In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.

HOW WE USE INFORMATION

We store and use information you provide as follows:

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  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

If you want more information or have any questions or comments relating to our privacy policy please email publishing@financialexpress.net in the first instance.

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CQS Rig Finance Fund Ltd (RIG)

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Monday 12 April, 2010

CQS Rig Finance Fund Ltd

Formal Notice








                           CQS RIG FINANCE FUND LTD:

                     Amendments to Financing Arrangements

                                                                   12 April 2010

For immediate release on 12th April 2010

THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE
UNITED STATES, CANADA, AUSTRALIA, THE REPUBLIC OF IRELAND, THE REPUBLIC OF SOUTH
AFRICA OR JAPAN


                         CQS Rig Finance Fund Limited
                                (the "Company")

                      Amendments to Financing Arrangements


The  Company is pleased to announce that  in light of recent improvements in the
collateral  liquidity  of  the  Company's  portfolio  it  has on 9th April 2010
negotiated  improvements to the terms of both its secured financing arrangements
("Secured  Facility") with Credit Suisse  Securities (Europe) Limited ("CS") and
its unsecured facility agreement("Subordinated Facility") with RBC Cees Trustees
Limited ("RBC") as described below.

The  Company has agreed  with CS that  advances made under  the Secured Facility
entered  into on 22(nd) April 2009 and that matures on 21(st) October 2010, will
attract  interest at a rate of the  relevant LIBOR rate for each Currency Amount
(except  for NOK which has a NIBOR rate) plus 2 per cent, reduced from the 4 per
cent  spread previously applicable.  All other terms remain the same including a
fee of US$2,800,000 payable by the Company at the end of the term of the Secured
Facility  (including  on  early  repayment  of  the  Secured Facility) or on its
earlier  termination. CS  have agreed  to apply  the reduced financing rate from
1(st) April 2010.

The  Company  has  agreed  with  RBC  that  advances made under the Subordinated
Facility  entered  into  on  24(th) October  2008 and  subsequently  extended on
23(rd) October  2009 and  that  matures  on  21(st) October  2010, will  attract
interest  at the  USD LIBOR  rate plus  3 per cent,  reduced from the 5 per cent
spread  previously applicable. All other terms remain the same.  RBC have agreed
to apply the reduced financing rate from 1(st) April 2010.

The Subordinated Facility has been provided by RBC in its capacity as trustee of
certain  assets for the benefit  of Michael Hintze, Chief  Executive of CQS, who
holds a majority interest in CQS Cayman LP, the Company's investment manager.

Unaudited Cash Balances as at 31(st) March 2010

Secured Facility

Currency                                 Local Balance GBP equivalent Balance

NOK                                        (59,801,731)    (  6,631,692)
USD                                        (39,231,961)    (25,855,237)
GBP (Credit Balance) 10,128,603                   10,128,603

Net total cash outstanding                              (22,358,326)

Subordinated Facility

Currency                                 Local Balance GBP equivalent Balance

USD                                        (6,605,902)*    (4,353,521)*

Total unaudited net cash outstanding at 31(st) March 20210 across both senior
and subordinated facilities was GBP (26,711,847).

* Including Capitalised Interest


Enquiries:

Alastair Moreton
Arbuthnot Securities Limited
Telephone 020 7012 2000

Secretary
Kleinwort Benson (Channel Islands) Fund Services Limited
Telephone 01481 727111


This  announcement is not an offer to sell or a solicitation of any offer to buy
any  securities in the United States or  in any other jurisdiction. Neither this
announcement  nor  any  copy  of  it  may  be taken, transmitted or distributed,
directly  or indirectly, into the United States, Canada, Australia, the Republic
of  Ireland, the Republic  of South Africa  or Japan or  to any national of such
jurisdictions.  Neither this announcement nor any copy hereof may be distributed
in  any other jurisdictions where its distribution  may be restricted by law and
persons  into  whose  possession  this  document  comes should inform themselves
about,  and observe, any such restrictions. Distribution of this announcement in
the  United States, Canada, Australia, the  Republic of Ireland, the Republic of
South  Africa, Japan or any such  other jurisdictions may constitute a violation
of the law of such jurisdictions.


[HUG#1401957]