For immediate release
6 January 2009

Extension of Management Contract and Announcement of Results

Further to the announcement of 30 June 2008, that the Board had given notice to the Manager of termination of the management agreement as at 31 December 2008, the Board announces that the Manager’s contract has been extended for a further three months, with the fees having been materially reduced, to allow the Fund to finalise, and obtain regulatory approval for, its new arrangements.

The Fundís Full Year Results to the end of August will be announced on 29th January 2009.

For further details please contact:

Development Capital Management     020 7355 7600
Tom Pridmore
Andrew Mitchell
Roger Hornett

Numis Securities Ltd      020 7260 1000
Nominated Adviser: Nick Westlake
Corporate Broker: Charles Farquhar