Regulatory News

CQS RIG FINANCE FUND LIMITED

(a closed-ended investment company incorporated in Guernsey with registration
number 45805)

Estimated Net Asset Value (Estimated NAV)

As at the close of business on 06 August 2012 the Estimated NAV per share was
33.89 pence.

This Estimated NAV has been prepared by the Company's Investment Adviser and is
based on unaudited valuations sourced from third party brokers.  Neither the
Company nor its Investment Adviser accept any responsibility for, and make no
representation or warranty in respect of, the accuracy of the Estimated NAV
provided, and neither is any implied.  This Estimated NAV is provided for
indicative purposes only.

Enquiries:

Secretary
Kleinwort Benson (Channel Islands) Fund Services Limited
Telephone (01481) 710607

Date:  07 August 2012

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Net asset value as at 06.08.2012 of
CQS Rig Finance Fund Ltd ordinary no par value shares
(TIDM: CQS):
NAV-bid........... : 33.89 GBp

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originality of the information contained therein.

Source: CQS Rig Finance Fund Ltd via Thomson Reuters ONE
[HUG#1632467]