Crystal Amber Regulatory News (CRS)

30 September 2022

CRYSTAL AMBER FUND LIMITED

("Crystal Amber Fund" or the "Fund")

Update on shareholder returns

Net asset performance has remained positive: over the last three months, net asset value per share has risen by 3.4 per cent and over the last year by 4.7 per cent. Over the same periods, the UK mid cap index has fallen by 27.1 per cent and by 42.5 per cent.

To date in 2022, the Fund has returned 20p a share in dividends to shareholders (representing a gross return of GBP16.7 million),

The Fund expects to provide an update shortly on additional shareholder returns based on the Investment Manager's and the Board's assessment of the status and timing of anticipated corporate transactions.

The Fund notes that Hurricane Energy plc ("Hurricane") has reported that at 31 July 2022, it held net cash of $89 million. At current exchange rates, this is equivalent to £82 million. Crystal Amber holds 28.9 per cent of Hurricane's issued share capital.

For further enquiries please contact:

Crystal Amber Fund Limited

Chris Waldron (Chairman)

Tel: 01481 742 742

www.crystalamber.com

Allenby Capital Limited - Nominated Adviser

David Worlidge/Freddie Wooding

Tel: 020 3328 5656

Winterflood Investment Trusts - Broker

Joe Winkley/Neil Langford

Tel: 020 3100 0160

Crystal Amber Advisers (UK) LLP - Investment Adviser

Richard Bernstein

Tel: 020 7478 9080