Final NAVS 31JAN2011 (6358D)

TIDMCMAE TIDMCMAU TIDMCMAS

RNS Number : 6358D

CMA Global Hedge PCC Ltd

25 March 2011

CMA Global Hedge - Monthly NAV 31(st) January 2011

Dear Investors,

CMA Global Hedge PCC Limited ("CMA Global Hedge" or "the Company"), the specialist worldwide investment company, today announces that following confirmation from the Company's Administrator, HSBC Securities Services (Guernsey) Limited ("HSBC"), the Monthly Net Asset Value (NAV) as of 31(st) January 2011 for the three share classesis as follows:

 
  Share Class     NAV    MTD Performance   YTD Performance 
---------------  -----  ----------------  ---------------- 
   GBP Shares 
  (Not Hedged)    7.19       -2.04%            -2.04% 
---------------  -----  ----------------  ---------------- 
   EUR Shares 
  (Not Hedged)    7.45       -1.59%            -1.59% 
---------------  -----  ----------------  ---------------- 
   US$ Shares     7.57       +0.66%            +0.66% 
---------------  -----  ----------------  ---------------- 
 

In addition, please note that the Company will, on a monthly basis, publish an unaudited estimated NAV per Entitlement Pool Notional Share for the Entitlement Pools in relation to the December, March, and June Redemption Offers, which Shareholders may choose to take as indicative of the potential realisation proceeds of the Entitlement Pools and the Actual Cash Proceeds they may receive.

Please find below the unaudited final NAV per Entitlement Pool Notional Share for the December, March, and June Redemption Offers calculated as of 31(st) January 2011:

 
           31-Jan-11             NAV    MTD Performance   YTD 2011 Performance 
------------------------------  -----  ----------------  --------------------- 
   December Redemption Offer 
   Entitlement Pool Notional 
          Share (US$)*           1.02        0.00%               0.00% 
------------------------------  -----  ----------------  --------------------- 
            * On 11(th) of June 2009 the December Redemption Offer 
               Entitlement Pool made a gross cash distribution of 
            US $0.73 per Entitlement Pool Notional Share. On 08(th) 
               October the December Redemption offer Entitlement 
          Pool made a gross cash distribution of $0.76 per Entitlement 
               Pool Notional Share. On 23rd of April the December 
              Redemption offer Entitlement Pool made a gross cash 
              distribution of $0.97 per Entitlement Pool Notional 
               Share. On 30th of November the December Redemption 
             offer Entitlement Pool made a gross cash distribution 
                 of $0.35 per Entitlement Pool Notional Share. 
------------------------------------------------------------------------------ 
 
 
           31-Jan-11             NAV    MTD Performance   YTD 2011 Performance 
------------------------------  -----  ----------------  --------------------- 
    March Redemption Offer 
   Entitlement Pool Notional 
          Share (US$)*           1.05       +0.96%               +0.96% 
------------------------------  -----  ----------------  --------------------- 
          * On 08(th) October the March Redemption offer Entitlement 
          Pool made a gross cash distribution of $0.80 per Entitlement 
              Pool Notional Share. On the 23rd of April the March 
              Redemption offer Entitlement Pool made a gross cash 
              distribution of $1.05 per Entitlement Pool Notional 
             Share. On 30th of November the March Redemption offer 
               Entitlement Pool made a gross cash distribution of 
                   $0.36 per Entitlement Pool Notional Share. 
------------------------------------------------------------------------------ 
 
 
           31-Jan-11             NAV    MTD Performance   YTD 2011 Performance 
------------------------------  -----  ----------------  --------------------- 
     June Redemption Offer 
   Entitlement Pool Notional 
          Share (US$)*           1.02       +0.99%               +0.99% 
------------------------------  -----  ----------------  --------------------- 
         * On the 23rd of April the June Redemption offer Entitlement 
          Pool made a gross cash distribution of $1.39 per Entitlement 
               Pool Notional Share. On 30th of November the June 
              Redemption offer Entitlement Pool made a gross cash 
              distribution of $0.60 per Entitlement Pool Notional 
                                     Share. 
------------------------------------------------------------------------------ 
 

Shareholders should be aware that the realisation proceeds of the Entitlement Pools will be affected by the ability of C.M. Advisors Limited (the Company's investment manager) to realise assets at the same price as those assets are held at NAV, taking into account the market conditions, and the deduction of costs and expenses associated with the December, March, and June Redemption Offers respectively. Therefore, the Actual Cash Proceeds received by Shareholders may be materially different to that indicated by the unaudited estimated NAV per Entitlement Pool Notional Share published by the Company for the Entitlement Pools associated with the December, March, and June Redemption Offers respectively.

These valuations, which have been prepared in good faith by the Company's Administrator, are for information purposes only and are based on the unaudited estimated valuations supplied to the Company's Administrator by the administrators or managers of the Company's underlying investments. Such estimates may be subject to little verification or other due diligence and may not comply with generally accepted accounting practices or other generally accepted valuation principles. In addition, some of those estimates may not be supplied on a regular or timely basis with the result that the values of such investments are based on the latest available estimates which may be some time before the date set out above. Other risk factors which may be relevant to these valuations are set out in the Company's prospectus dated 30(th) of June 2006.

Voting Rights and Capital

The Company's capital consists of 421,561 GBP Shares, 782,172 US$ Shares, and 592,802 EUR Shares with voting rights. Therefore, the total number of voting rights in the Company is 421,561 in respect of the GBP Shares, 782,172 in respect of the US$ Shares, 592,802 in respect of the EUR Shares. All Shareholders have equal voting rights based on the number of Shares held.

The above figures may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FSA's Disclosure and Transparency Rules.

All disclosure information including NAV reporting is available on: www.cmaglobalhedge.com

Definitions

Unless otherwise defined in this announcement, capitalised terms shall have the same meaning given to them in the Circular sent to Shareholders on 2 December 2008.

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