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CQS Rig Finance Fund Limited (RIG)

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Tuesday 14 February, 2012

CQS Rig Finance Fund Limited

Statement re Requisition of Extraordinary Gener...

Statement re Requisition of Extraordinary General Meeting

CQS Rig Finance Fund Limited (the "Company")

Requisition of Extraordinary General Meeting

The Company announces that it has received a notice from Ironsides Partners Opportunity Master Fund LLP ("Ironsides"), a holder of in excess of one tenth of the issued share capital of the Company, requisitioning an extraordinary general meeting of the Company ("EGM").

The requisition notice contained the following resolution which will be put to an EGM as an ordinary resolution:

"THAT as soon as practicable following the passing of this resolution and in any event within three months of the passing of this resolution the Company shall put forward proposals whereby Shareholders who wish to realise their investment in the Company are offered an opportunity to do so at a consideration per share at or as near as possible to the prevailing net asset value per share."

The Board is disappointed to have received this requisition notice in light of the Company's recent strong net asset value performance and the opportunities available to the Company for further investment in the oil and offshore sector.

As required under the Company's Articles of Incorporation the Company will be writing to shareholders by 5 March 2012 to convene an EGM and to present more fully its views on the requisition notice.


Kleinwort Benson (Channel Islands) Fund Services Ltd
Tel:  +44 (0)1481 710 607

Alastair Moreton/Hannah Young
NOMAD and Broker
Westhouse Securities Limited
Tel:  +44 (0)20 7601 6118

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Source: CQS Rig Finance Fund Ltd via Thomson Reuters ONE