RNS Number:7323I
Close UK Index Growth Fund 2006
11 September 2006

CLOSE ASSETS FUNDS LIMITED (the "Company")

- CLOSE UK INDEX GROWTH FUND 2006 (the "Fund")

MATURITY AND ROLL-OVER PROPOSALS

In accordance with the terms set out in the Fund's Prospectus dated 31 October
2001, the Zero Dividend Shares of the Fund are due to mature in November 2006.
The Directors anticipate that provided that the FTSE 100 Index closes above an
Index level of 4192.6 on 14th November 2006 the Zero Dividend Shares should pay
out their maximum full capital repayment of 148.64 pence, equating to an
annualised return of 8.25% since launch. (This anticipated final return is
subject to there being no counterparty default or any other unforeseen
circumstances.)

The Company therefore announces that consideration is being given to roll-over
and new equity raising proposals in conjunction with the Company's Manager Close
Fund Management (Investments) Limited and a further announcement of the
continuation vehicle to be offered to shareholders is expected to be made in the
next few weeks.

For further information contact:

Anson Fund Managers Limited
Company Secretary        

Tel: Guernsey 01481 722260

11 September 2006

                              END OF ANNOUNCEMENT










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

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