RNS Number:2254J
Close European Accelerated Fund Ltd
20 September 2006



                               20 September 2006

Not for release, publication or distribution in whole or in part in or into the
                   United States, Canada, Australia or Japan

                    CLOSE EUROPEAN ACCELERATED FUND LIMITED

Close European Accelerated Fund Limited announces that 3,550,000 Participating 
Shares have been issued pursuant to a placing at a price of 107.5 pence per 
share. The newly issued Participating Shares will rank pari passu with the 
existing Participating Shares with the result that the Company will have 
39,550,000 Participating Shares in issue.  The newly issued Participating Shares 
will be admitted to listing on the Official List of the UK Listing Authority and 
to trading on the London Stock Exchange's market for listed securities at 8.00 
am on 21 September 2006.

Enquiries:

Anson Fund Managers Limited
Company Secretary                               Tel: 01481 722 260

Marc Gordon
Close Fund Management (Investments) Limited     Tel: 020 7426 4000











                      This information is provided by RNS
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