RRF.L Regulatory News (RRF)

11 June 2010

Rapid Realisations Fund Limited

("Rapid" or the "Company")

Requisition for EGM

Rapid Realisations Fund Limited (AIM: RRF) announces today that it has received a requisition from Anson Registrars Limited, acting as nominee for, and acting on the instructions of, Damille Investments Limited ("Damille"), to convene an extraordinary general meeting of the Company (the "EGM").

Damille, as a shareholder interested in more than ten per cent. of the issued share capital of Rapid, has requested that the following resolutions be put to the Company's shareholders at the EGM:

1. "THAT the investment objective and policy of the Company be amended to be: "The investment objective of the Company is to manage the realisation of the Company's investment portfolio and to maximise the return of invested capital to shareholders during the period ending on 30 September 2013. During this period the Company shall not make any new investments."

2. "THAT Rhys Davies be and is hereby appointed a director of the Company with immediate effect."

3. "THAT Brett Miller be and is hereby appointed a director of the Company with immediate effect."

4. "THAT Article 84(a) of the Company's Articles of Association be amended so that the words "£150,000" be replaced with "£80,000" so that the maximum aggregate fees payable to directors is so reduced and the following sentence be added: "No director should receive more than £15,000 per annum with the exception of the chairman whose remuneration shall be limited to a maximum of £20,000 per annum".

The board of Rapid will consult the Company's shareholders in respect of the above matters and a further announcement will be made in due course.

-ends-

For further information

Nominated Adviser Grant Thornton Corporate Finance

Philip Secrett +44 (0) 20 7383 5100

Note

For further information on Rapid, please visit http://www.rapidrealisations.com