KEF Ksk Emerg.

    RNS Number : 4895G
  KSK Emerging India Energy Fund Ltd
  22 October 2008
   

    Not for release, publication or distribution in, or into, the United States, Canada, Australia, Japan, Israel, the Republic of Ireland
or the Republic of South Africa.

 Press Release  22 October 2008
    

    KSK Emerging India Energy Fund Limited

    ("KEF" or "the Company")

    Purchase of Shares

    Further to the announcement made on 16 October 2008, KSK Emerging India Energy Fund Limited (AIM:KEF), an investment company focused on
the Indian power and energy sector, announces that the Board has authorised a further buy back of 1,300,000 ordinary shares in KEF at prices
below the estimated Net Asset Value per share. The Investment Manager believes that current market conditions have presented an opportunity
for the Company to purchase shares at a material discount to NAV which will enhance returns to shareholders.

    Subsequently, the Company has today purchased 250,000 ordinary shares of nil par value in KEF at 79.25 pence per share. Purchased shares
will be held in treasury by the Company and will not carry voting or dividend distribution rights.

    Following this transaction, the number of ordinary shares in issue less purchased shares held in treasury will be 94,750,000 and
therefore the total number of voting rights in the Company is 94,750,000.

    The Company currently holds a total of 6,250,000 ordinary shares in KEF in treasury.

    - Ends -
    
 
      For further information:
 KSK Emerging India Energy Fund Limited
 Tanmay Das, Non-Executive Director      Tel: +44 (0) 20 7398 7715
                                              www.ksk-eiefund.com 

 Liberum Capital Limited
 (Financial Adviser and Broker)
 Steve Pearce                     Tel: +44 (0) 20 3100 2224
 steve.pearce@liberumcapital.com     www.liberumcapital.com

 Grant Thornton UK LLP
 (Nominated Adviser)
 Philip Secrett             Tel: +44 (0) 20 7728 2578
 philip.j.secrett@gtuk.com               www.gtuk.com

    Media enquiries:
 Abchurch Communications Limited
 Henry Harrison-Topham / Nick Probert  Tel: +44 (0) 20 7398 7715
 nick.probert@abchurch-group.com          www.abchurch-group.com

    Notes to editors

    KSK Emerging India Energy Fund Limited is a Guernsey registered closed ended investment company established to make investments in
companies engaged in the Indian power and energy sector. The Company will target investment in businesses that operate across the Indian
power and energy sector value chain including those involved in the development of the sector's infrastructure. Although the Company's
investments will primarily be focused on such businesses in India, the Company may, if deemed appropriate, invest in companies that are
based outside India but have the potential to benefit from the Indian power and energy sector. The Company's objective is to target
investment opportunities that have a projected realised IRR in excess of 20 per cent.

    Disclaimer

    This press release is not for distribution (directly or indirectly) in or to the United States, Canada, Australia, Japan, Israel, the
Republic of Ireland or the Republic of South Africa or any other jurisdiction in which the same would be unlawful. This press release is not
an offer of securities for sale in or into the United States, Canada, Australia, Japan, Israel, the Republic of Ireland or the Republic of
South Africa. This press release does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any
offer to purchase or subscribe for, any Ordinary Shares of the Fund.

    Interests in the Fund may not be offered directly to members of the public in the Bailiwick of Guernsey. The "public" means any person
not regulated under any of Guernsey's financial services regulatory laws within the Bailiwick of Guernsey.

    Some of the information contained in this press release contains statements that are, or may be deemed to be forward-looking statements.
Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future
conditions. Because forward-looking statements relate to the future, they are, by their nature, subject to inherent uncertainties, risks and
changes in circumstances that are difficult to predict. We caution you not to rely on any such statements as statements of historical fact
or as guarantees or assurances of future performance. Save as required by law, by the AIM Rules, by the CISX Rules or by the Listing Rules,
Disclosure and Transparency Rules or Prospectus Rules of the Financial Services Authority, we undertake no obligation publicly to release
the results of any revisions and updates to any forward-looking statements in this press release that may occur due to any change in our
expectations or to reflect events or circumstances after the date of this press release.

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