RNS Number:5703O
Kubera Cross-Border Fund Limited
27 December 2006

27 December 2006

                Kubera Cross-Border Fund Limited (the "Company")

                         Admission to trading on AIM


Kubera Cross-Border Fund Limited is pleased to announce that it has been
admitted to trading on AIM, a market operated by the London Stock Exchange plc
("AIM"), and that its ordinary shares commenced trading today on AIM under the
symbol "KUBC". The Company raised US$206 million in gross proceeds through a
placing of 206 million ordinary shares at US$1.00 per share. In addition to
these proceeds, the employees and certain affiliates of Kubera Partners LLC
("Kubera Partners"), the Company's investment manager, have committed to
co-invest in a fixed pro rata ratio in the Company's investments up to an
aggregate maximum amount of $20 million. Grant Thornton Corporate Finance is the
Company's nominated adviser and LCF Edmond de Rothschild Securities Limited is
the Company's broker.

The Company is a newly incorporated, closed-end, Cayman Islands company
established to make investments in businesses that leverage India-based
resources for lower costs or greater access to talent. The Company intends to
focus its investments on businesses that serve, or seek to serve, customers in
North American and European markets for all or part of their activities.
Investment targets for the Company will include Indian businesses that provide
services to clients in developed country markets, and US-based companies whose
business model may benefit substantially from the opportunity to utilise Indian
outsourcing services.

The Company has appointed Kubera Partners as its investment manager. The two
founding principals of Kubera Partners are Kumar Mahadeva and Ramanan
Raghavendran. Mr. Mahadeva was the founder of Cognizant Technology Solutions
Corp., now one of the largest India-centric IT services businesses with a market
capitalization in excess of $11 billion. Mr. Raghavendran has built a successful
track record of private equity investments, in the focus areas of the Company,
over the last 14 years while at General Atlantic, Insight Venture Partners and
TH Lee Putnam Ventures.

The directors of the Company and Kubera Partners believe that the Company will
be the first publicly traded dedicated investment vehicle to focus exclusively
on such cross-border businesses. The Company intends to generate attractive
returns for its shareholders through the utilisation of the private equity and
operational knowledge of Messrs. Mahadeva and Raghavendran, and by capitalising
on their proven track record of successful cross-border investments.

In connection with the Company's admission, Kumar Mahadeva  commented: "Ramanan
and I believe Kubera Partners is well placed to capitalize on the globalization
of world economies, and the increasing linkages between developing nations and
the developed world. We are extraordinarily pleased with the quality of the
Company's initial shareholders, and grateful to the Company's independent
non-executive board members for their support and oversight. We look forward to
their guidance over the years."

Ramanan Raghavendran added: "While the target sector of the Company is large,
growing and appealing for private equity investments, investing in this sector
requires individuals with a highly specialized skill set. Kumar and I look
forward to building Kubera Partners into a strong organization, and to making
successful investments that will benefit the Company's shareholders."

Further details on Kubera Partners are available at www.kuberapartners.com.


Enquiries:

Kubera Cross-Border Fund Limited and Kubera Partners LLC

Ramanan Raghavendran                        Tel: +1 2122952408
Email: rr@kuberapartners.com


Grant Thornton Corporate Finance (Nominated Adviser)
Philip Secrett                             Tel: +44 870 991 2578


LCF Edmond de Rothschild Securities Limited (Broker/Market Maker)
Claire Heathfield                          Tel: +44 20 7845 5960


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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