TIDMCRS 
 
17 January 2013 
 
                          CRYSTAL AMBER FUND LIMITED 
 
                     ("Crystal Amber Fund" or the "Fund") 
 
                        Further re. Holding in Company 
 
 
On 14 January 2013, the Company was advised by Invesco Limited ("Invesco") that 
its shareholding in the Fund had increased to 30.00 per cent. of the Ordinary 
Shares in issue (excluding shares held as treasury shares) as a result of the 
recent share buybacks by the Company totalling 1,000,000 Ordinary Shares. 
 
Under Rule 9 of the City Code ("Rule 9"), when a person acquires, whether by a 
series of transactions over a period of time or not, an interest (as defined in 
the City Code) in shares which (taken together with shares in which persons 
acting in concert with them are interested) carry 30 per cent. or more of the 
voting rights of a company to which the City Code applies, such person is 
normally required by the Panel to make a general offer to the holders of any 
class of equity share capital of that company (whether voting or non-voting) 
and also to the holders of any class of transferable securities carrying voting 
rights issued by that company to acquire their shares or other securities. 
 
Rule 9 also provides that any person, together with persons acting in concert 
with them, who is interested in shares which in aggregate carry not less than 
30 per cent. but do not hold more than 50 per cent. of the voting rights of a 
company to which the City Code applies will be unable, without the Panel's 
consent, to acquire, either individually or together, any interest in any other 
shares which increases the percentage of shares carrying voting rights in which 
they are interested without being required to make a general offer to the 
holders of any class of equity square capital of that company (whether voting 
or non-voting) and also to the holders of any class of transferable securities 
carrying voting rights issued by that company to acquire their shares or other 
securities. 
 
Under Rule 37.1 of the City Code, when a company purchases its own voting 
shares, any resulting increase in the percentage of shares carrying voting 
rights in which a person or group of persons acting in concert (a "Concert 
Party") is interested will be treated as an acquisition for the purpose of Rule 
9. A person not acting, or presumed to be acting, in concert with any one or 
more of the directors will not normally incur an obligation to make a mandatory 
offer under Rule 9 if, as a result of the purchase of its own shares by a 
company, they come to exceed the percentage limits set out in Rule 9, but the 
Panel should be consulted in all such cases. However, this exception will not 
normally apply when a person (or any relevant members of a group of persons 
acting in concert) not acting, or presumed to be acting, in concert with any 
one or more of the directors has acquired an interest in shares at a time when 
they had reason to believe that such a purchase of its own shares by the 
company would take place. 
 
As at 13 December 2012 (being the date prior to the first share buyback of 
Ordinary Shares by the Fund) Invesco owned 17,700,000 Ordinary Shares, 
representing approximately 29.5 per cent. of the Ordinary Shares in issue. 
 
As a result of the on-market share buyback programme that the Company commenced 
on 14 December 2012, Invesco now holds an interest representing 30.00 per cent. 
of the Ordinary Shares in issue (excluding shares held as treasury shares) of 
the Fund. Following discussions between the Company and the Panel, the Panel 
agreed, prior to the commencement of the share buyback programme, that, under 
Rule 37.1 of the Code and in particular note 1 of that Rule, Invesco should be 
treated as an "innocent bystander" in relation to any increase in its holding 
of Ordinary Shares as a result of the on-market share buyback programme and 
there will not be any Rule 9 consequences on Invesco arising from such buyback 
of Ordinary Shares. 
 
For further enquiries please contact: 
 
Crystal Amber Fund Limited 
 
William Collins (Chairman) 
 
Tel: 01481 716 000 
 
Merchant Securities Limited - Nominated Adviser 
 
David Worlidge/Simon Clements 
 
Tel: 020 7628 2200 
 
Numis Securities Limited - Broker 
 
Nathan Brown/Hugh Jonathan 
 
Tel: 020 7260 1426 
 
Crystal Amber Advisers (UK) LLP - Investment Adviser 
 
Richard Bernstein 
 
Tel: 020 7478 9080 
 
 
 
END
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