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CQS Rig Finance Fund Ltd (RIG)

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Thursday 07 April, 2011

CQS Rig Finance Fund Ltd

Result of AGM







                          CQS RIG FINANCE FUND LIMITED
(incorporated in Guernsey as a closed-ended investment scheme with registration
                                 number 45805)
                                (the "Company")

                       Results of Annual General Meeting

The  Board of  Directors of  the Company  are pleased  to announce  that, at the
Annual  General  Meeting  of  the  Company  held  on 7 April 2011, the following
Resolutions were approved by shareholders:

Ordinary Resolutions

 1. That  the directors' report and the  Company's audited accounts for the year
    ended 30 September 2010 be adopted.


 2. That  Ernst & Young be  re-appointed as the Company's  auditors and that the
    directors be authorised to agree the remuneration of the auditors.


3.           That  the  Company's  Investment  objective and Investing Policy be
amended  and approved (in accordance with  the requirements of the listing rules
of the Channel Islands Stock Exchange LGB and the rules of the AIM Market of the
London  Stock Exchange)  as set  out in  the Board's  letter dated 4 March 2011
(capitalised  terms have the same meaning as in the Company's admission document
dated 18 October 2007);

4.         That conditional on the  passing of the resolution numbered 6 in this
notice  of meeting and  subject to satisfaction  by the Company  of the solvency
test contained in the Companies (Guernsey) Law 2008, a final dividend of 1 pence
per ordinary share of no par value be paid on 11 May 2011 to the holders of such
shares  on the register of shareholders of  the Company at the close of business
on 15 April 2011;

5.          To renew  the Company's  authority under  and in accordance with the
Articles  of  Association  of  the  Company  and  section  315 of  The Companies
(Guernsey) Law, 2008 (the "Law") to make market acquisitions (within the meaning
of  section 316 of the Law) of ordinary shares of no par value in the capital of
the Company ("Ordinary Shares"), provided that in respect of the purchases to be
made on the market:

 i. the maximum number of Ordinary Shares authorised to be acquired is 14.99
        per cent.

        of the issued Ordinary Shares at the date this resolutions is passed;

ii the minimum price per Ordinary Share is 0.1p;

iii the  maximum price which may be paid for any Ordinary share is not more than
the  higher of 5 per cent. above: (a) the average Channel Islands Stock Exchange
LBG traded value per Ordinary share for the 5 business days prior to the day the
purchase is made; or (b) the price stipulated by Article 5(i) of the Buyback and
Stabilisation Regulation (namely the higher of the price of the last independent
trade  in Ordinary shares and  the highest then current  independent bid for the
Ordinary Shares on the AIM Market of the London Stock Exchange); and

iv. unless previously revoked, varied or renewed, the authority hereby conferred
shall expire at the annual general meeting to be held in 2012 under section 199
of  the Law,  save that  the Company  may, prior  to such  expiry, enter  into a
contract  to purchase  shares under  such authority  and may  make a purchase of
shares pursuant to any such contract.

Special Resolution

6.        That the articles of the Company be amended so as to be replaced in
their entirety with the form of articles produced to the meeting and initialled
by the Chairman for the purposes of identification.

Enquiries:

Hugh Field / Richard Johnson
Arbuthnot Securities Limited
Telephone 020 7012 2000


The Secretary
Kleinwort Benson (Channel Islands) Fund Services Limited
Tel: 00 44 1481 727111







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Source: CQS Rig Finance Fund Ltd via Thomson Reuters ONE

[HUG#1504388]