Statement re Further Details of Forthcoming Shareholder Meetings and Reconstruction

 
TIDMTOPE 
 
MW TOPS Limited (the "Company") 
 
     Further Details of Forthcoming Shareholder Meetings and Reconstruction 
 
Following  the announcement that was released  on 1 June 2010 in relation to the 
proposed   reconstruction   and   voluntary  winding  up  of  the  Company  (the 
"Reconstruction Announcement"), the Board has now agreed the following timetable 
for  the forthcoming shareholder meetings  and the date on  which it is proposed 
that the reconstruction and voluntary winding up of the Company will take place. 
 
The  Company will hold its Annual General  Meeting (the "AGM") on 15 July 2010, 
and  it is  intended that  the notice  of the  AGM will be despatched on 22 June 
2010. The  business that will be considered at  the AGM will be routine business 
for  a meeting of that  nature, and will include  the reappointment of auditors, 
receiving  the Company's report and financial  statements for the year ended 30 
September  2009, renewal of  the Company's  authority to  allot and  to buy-back 
shares, and reappointment of a director. 
 
Separately,  the Board intends  to convene an  extraordinary general meeting and 
separate  class meetings  (the "EGM  and Class  Meetings") on or about 16 August 
2010. It is expected that the circular and notices relating to the EGM and Class 
Meetings  will be despatched on or  about 30 June 2010. As previously advised in 
the  Reconstruction Announcement,  the proposals  for shareholders  to roll over 
their  existing  holdings  in  the  Company  into  an Irish-domiciled UCITS fund 
managed  by Marshall  Wace LLP  (the "UCITS  Fund") and  to wind  up the Company 
(together, the "Proposals") will be considered at the EGM and Class Meetings. It 
will  be proposed that  those shareholders not  eligible to invest  in the UCITS 
Fund  will not hold shares  of the UCITS Fund  directly but will instead receive 
cash   redemption  proceeds  of  such  shares  once  any  applicable  anti-money 
laundering checks have been satisfied. 
 
If  the  Proposals  are  approved,  it  is  expected that the liquidators of the 
Company  will be appointed  and the transfer  of the Company's  portfolio to the 
UCITS Fund will occur on or around 31 August 2010. As previously advised, if the 
Proposals  are not approved (at any of  the EGM and Class Meetings), the Company 
will  not be  wound up,  and will  continue in  operation in accordance with the 
articles of the Company. 
 
This  document is for information  purposes only and is  not an offer to invest. 
The  Company is registered with the Dutch Authority for the Financial Markets as 
a collective investment scheme which may offer participations in The Netherlands 
pursuant  to article 2:66 of  the Financial Markets  Supervision Act (Wet op het 
financieel  toezicht). All investments are subject  to risk. Past performance is 
no guarantee of future returns. Prospective investors are advised to seek expert 
legal, financial, tax and other professional advice before making any investment 
decision. The value of investments may fluctuate. 
 
For further information about this announcement contact: 
 
Anson Fund Managers Limited 
 
Secretary 
 
Tel: [phone] 
 
Marshall Wace LLP 
 
Anthony Marber - Investor Relations 
 
Tel: [phone] 
 
Thursday 17 June 2010 
 
E&OE - in transmission 
 
END OF ANNOUNCEMENT 
 
 
 
[HUG#1424943]