Statement re Maturity & Redemption

    RNS Number : 8964F
  Accelerated Return Fund Limited
  15 October 2008
   

    FOR IMMEDIATE RELEASE

    15 October 2008

    THE ACCELERATED RETURN FUND LIMITED (THE "COMPANY") 

    MATURITY AND REDEMPTION

    On 7 April 2003 21,200,000 Participating Shares in the Company ("Shares") were issued to shareholders at a price of 100 pence per Share
and the Shares were admitted to listing on the Official List of the UK Listing Authority and to trading on the London Stock Exchange on 8
April 2003. The Company issued three further tranches of Shares and there are now 27,700,000 Shares in issue.  

    The Company's investment objective was to provide participating shareholders, on the redemption date, with six times the capital return
on the FTSE 100 Index, up to a maximum amount (the "Final Capital Entitlement") of 166 pence per Share, comprising a capital growth amount
of up to a maximum of 66 pence per Share and a capital amount of 100 pence per Share. The Final Capital Entitlement per Share was designed
to be determined by the performance of the FTSE 100 Index over the calculation period from 7 April 2003 to 7 October 2008.

    The Company's investments have now matured and Shares are due for redemption. On 7 October 2008 the FTSE 100 Index closed at 4,605.22
and as a result investors are due to receive the maximum Final Capital Entitlement of 166 pence per Share. This represents an annualised
return of 9.65% and a cumulative five and a half year return of 66%. Over the same period the FTSE 100 Index has returned just 17% (source:
Bloomberg, Capital Return).  

    Redemption proceeds are expected to be paid to shareholders in the week ending 17 October 2008.

    Trevor Ash, the Company's Chairman, commented:

    "During a period of extreme turbulence in equity markets, the Board is delighted that the Company is able to return the maximum Final
Capital Entitlement of 166 pence per Share to its Shareholders.  Considering all the current widely publicised problems in the financial
markets, we are pleased to be able to deliver a positive result to investors. In achieving the maximum Final Capital Entitlement for
Shareholders, the Company has met exactly its stated investment objective. This 66% return over five and a half years is considered to be an
extremely satisfactory return for Shareholders compared to the performance of the FTSE 100 Index over the same period."

    For further information contact:

    Hannah Parkinson, Close Investments                   020 7426 4170

    Anson Fund Managers Limited                                01481 722260
    Secretary 

    Tel: 01481 722260

    E&OE - In transmission.
    End of Announcement


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