TRANSACTION IN OWN SECURITIES

    TRANSACTION IN OWN SECURITIES
             



                   MW TOPS LIMITED (the "Company")

                    TRANSACTION IN OWN SECURITIES

On 23 July 2008, the Company purchased into treasury 57,000 GBP
shares at a range of prices from GBP 10.29 to GBP 10.30 (the
"Transaction")

On 23 July 2008, the Company purchased into treasury 25,000 EUR
shares at a price of EUR 10.15 (the "Transaction")


The Board of the Company has resolved with immediate effect to cancel
57,000 of its GBP issued shares, thereby reducing the number of
outstanding issued GBP shares of the Company to 33,438,754. (the
"Transaction")

The Board of the Company has resolved with immediate effect to cancel
25,000 of its EUR issued shares, thereby reducing the number of
outstanding issued EUR shares of the Company to 63,126,119. (the
"Transaction")


Following the Transaction, there are now in issue (to the exclusion
of those held in treasury) 57,185,257 EUR Shares, 19,721,956 US$
Shares and 30,316,778 GBP Shares.  The total number of shares held in
treasury are 5,940,862 EUR Shares, 2,050,487 US$ Shares and 3,121,976
GBP Shares.

This announcement 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. Results achieved in the past are no guarantee of future
results.

For further information please contact:

Anson Fund Managers Limited
Secretary
Tel: [phone]

23 July 2008

E&OE - in transmission

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