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ABSOLUTE RETURN TRUST LIMITED (IN VOLUNTARY LIQUIDATION) (THE "COMPANY")

Second Interim Distribution Announcement

At an extraordinary general meeting of the Company held on 20 November 2013,
shareholders passed resolutions to wind-up the Company and appointed Ashley
Paxton and Linda Johnson of KPMG Channel Islands Limited as joint liquidators
(the "Liquidators").

The Liquidators announce their intention to make a second interim liquidation
distribution (the "Second Interim Distribution") of:

GBP 0.3388 per Sterling Redeemable Participating Preference Share issued

EUR 0.2522 per Euro Redeemable Participating Preference Share issued

The Second Interim Distribution will be effected pro rata to the holdings of
Sterling and Euro Redeemable Participating Preference Shares on the register at
the close of business on 23 May 2014 (the "Record Date").

The distribution will be paid on 30 May 2014 (the "Payment Date"). Payment will
be by way of Sterling and Euro cheques drawn upon a UK clearing bank posted to
the Shareholder's registered address as at the Record Date.

Enquiries:

The Liquidators
Ashley Paxton and Linda Johnson
20 New Street
St Peter Port
Guernsey
GY1 4AN

Tel: 01481 741898
Fax: 01481 722373
restructuring@kpmg.guernsey.gg