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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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 Limited (RIG)

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Friday 20 January, 2012

CQS Rig Finance Fund Limited

Doc re. Monthly Shareholder Fact Sheet

Doc re. Monthly Shareholder Fact Sheet

CQS RIG FINANCE FUND LIMITED
Monthly Shareholder Fact Sheet

CQS Rig Finance Fund Limited (the "Company"), a closed-ended investment company incorporated in Guernsey, is pleased to announce that its Monthly Fact Sheet for December 2011 is now available on the Company's website (www.cqsrigfinance.com) and includes further information on the top ten investments and outstanding borrowings.

December was a quieter month in the markets as was to be expected in the run up to the Christmas break. Risky assets started the month positively after monetary policy loosening in China, then retreated following the final European Union summit of the year in the middle of the month. Positive data out of the US and Europe then sent stocks higher to leave the S&P 500 Index only slightly lower on the month. The price of Brent Crude maintained elevated levels, ending the year at $106.87 per barrel and the Merrill Lynch High Yield Index (ex financial) closed up 2.3%, partially reversing the 4.5% drop in the prior month.

The Company's NAV per share rose 1% from 32.51p to 32.83p at the month end. There were small positive moves across a number of strategies.

There was another new deal in December. Deep Drilling Ltd, a subsidiary of Aban Offshore Ltd issued a four year $125m secured amortising bond. The coupon is 12% and the bonds were issued at a four point discount to price at 96 cents. The bonds are callable in 2013 at 112.5 percent of par. The security consists of 1st lien mortgage over the high specification jack-up rig Deep Driller 1, a Baker Marine Pacific Class 375 rig built in 2006 and currently on contract to Gujarat State Petroleum Corporation. The Company subscribed to, and was allocated, bonds in this new issue.

Over the year to December 2011, the Company's NAV has increased from 28.25p to 32.83p and 1.55p has been distributed as income, equating to a total return of approximately 22%. The Merrill Lynch High Yield Index (ex financial) decreased by 1.2% over the same period. The outlook for 2012, in our view, appears robust. Following  a survey of 350 companies, Barclays Capital forecasts that global Exploration and Production (E&P) spending will increase by 10% in 2012 (source: Reuters). Barclays Capital also notes in its 2011 Global Energy Outlook that "global oil demand growth is on a solid upward trajectory, as structural changes in non-OECD countries underpin most of that rise. The ineffectiveness of the supply side to catch up with it has created an extended period of supply capacity tightness, which will be apparent in 2012."

For further information, please contact:

Rosemary Osborne-Burns
Corporate Secretariat
Kleinwort Benson (Channel Islands) Fund Services Limited
01481 710607

Richard Johnson / James Steel
Corporate Finance
Arbuthnot Securities
020 7012 2000

Alastair Moreton / Hannah Young
Westhouse Securities
020 7601 6118

All market data sourced from Bloomberg unless otherwise stated.




This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: CQS Rig Finance Fund Ltd via Thomson Reuters ONE

HUG#1579223