Update on Disposal of Investment

Kubera Cross-Border Fund Limited

Update on Disposal of Investment

Kubera Cross-Border Fund Limited (the "Company") announces that further to the announcement made on 20 March 2017 and per the terms of a Share Purchase Agreement dated 17 March 2017, the Long Stop Date for the disposal of the entire equity stake held in Planetcast Media Services Limited has been extended from 16 September 2017 to 1 November 2017. This is to give all parties additional time to receive the final ministerial approvals which are required for the transaction to complete.

Other than the extension of the Long Stop Date, all other terms and conditions of the Share Purchase Agreement remain unchanged.

The information contained in this announcement is considered to be inside information prior to its release, as defined in Article 7 of the Market Abuse Regulation No. 596/2014, and is disclosed in accordance with the Company's obligations under Article 17 of that Regulation.

For further information on the Company, please visit www.kuberacrossborderfund.com.

For more information contact:

Grant Thornton UK LLP (Nominated Adviser)

Philip Secrett/ Jamie Barklem/ Carolyn Sansom

Tel.: +44 (0) 20 7383 5100

Email: philip.j.secrett@uk.gt.com

Numis Securities Limited (Broker)

David Benda, Managing Director

Tel.: +44 (0) 20 7260 1275

Email: d.benda@numis.com

FIM Capital Limited (Administrator, Registrar & Secretary)

Philip Scales, Director

Tel.: +44 (0) 1624 681250

Email: pscales@fim.co.im