Director's Shareholding

To:                   THOMSON REUTERS
From:               CQS New City High Yield Fund Limited
Date:                3 August 2015

Director's Shareholding

Mr Duncan Baxter, who was appointed as a Director of the Company on 31 July 2015, owned 109,412 ordinary shares in the Company at the time of his appointment. 

This represents 0.03% of the shares in issue.

                                                    
For further information please contact:

Martin Cassels / Claire Simpson
R&H Fund Services Limited
0131 524 6140/ 6141

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Source: CQS New City High Yield Fund Limited via Globenewswire

HUG#1943174