Proposed Disposal

25 June 2010

Crosby Asset Management Inc.

("CAM" or the "Company")

Proposed Disposal of Operating Businesses

Further to the announcement, issued by the Company on 24 June 2010, regarding the proposed disposal of the Company's operating businesses to Crosby Capital Limited ("CCL") (the "Disposal"), CAM would like to draw its shareholders' attention to the announcement released by CCL today which is available at the following link:

 http://www.crosby.com/article.web.ViewArticles.do?localeId=en&articleTypeId=-1&cmsTreeNodeId=125

Enquiries:

Crosby Asset Management Inc.

Ilyas Khan +44 (0) 20 3291 2863

Strand Hanson Limited

Stuart Faulkner/James Spinney +44 (0) 20 7409 3494