Inv Obj & Perf Update

    RNS Number : 2596B
  Accelerated Return Fund Limited
  13 August 2008
   

    FOR IMMEDIATE RELEASE

    13 August 2008

    The Accelerated Return Fund Limited (the "Company") 

    The Company's investment objective is to provide investors with six times the growth of the FTSE 100 Index, up to a maximum capital
repayment of 166 pence, over the five-and-a-half year period to 7 October 2008, combined with a high level of capital security, subject to
any unforeseen circumstances.

    The Shares will offer full capital protection unless the FTSE 100 Index has closed down more than 50 per cent from its starting value
(ie below 1,967.9) during the term AND fails to recover to its starting value. In this case, the return on the Shares will be the same as
the return on the Index. If the Index subsequently recovers and rises above its starting value, the Shares will still offer six times the
growth of the FTSE 100 Index, again up to a maximum capital repayment of 166 pence.

    The official closing level of the FTSE 100 Index as at 31 July 2008 was 5,411.90. If the Index closed at this level on 7 October 2008,
the redemption price (ending share price) would be 166 pence. 

    Payoff Profile
    The table below illustrates how the redemption value of the Shares might vary for different ending levels of the FTSE 100 Index.

    
                                                        Ending Share Price
 Final FTSE 100 Index*      If FTSE 100 Index      If FTSE 100 Indexclosed
                            nevercloses below               below 1,967.9*
                                     1,967.9*
 2,000                                    100                           50
 2,250                                    100                           57
 2,500                                    100                           63
 2,750                                    100                           69
 3,000                                    100                           76
 3,250                                    100                           82
 3,500                                    100                           88
 3,750                                    100                           95
 4,000                                    109                          109
 4,250                                    147                          147
 4,500                                    166                          166
 4,750                                    166                          166
 5,000 or over                            166                          166


    * As at 7 October 2008 
    * On any day from 7 April 2003 to 7 October 2008

    The final return is subject to there being no counterparty default or any other unforeseen circumstances.

       Capital at Risk Products (CARPs)

    The Company has been advised that Company is a CARP as defined by the Financial Services Authority (FSA). Investors should refer to the
FSA factsheet, which is available at www.moneymadeclear.fsa.gov.uk/products/investments/types/pooled/structured_produ cts.html

    The return of capital invested at the end of the investment period is not guaranteed and therefore the investor may get back less than
was originally invested. Investors should not enter into the transaction unless they are prepared to lose some or all of the money they have
invested. 

    They should satisfy themselves that the Shares are suitable for them in the light of their circumstances and financial position, and if
in any doubt they should seek professional advice. Investors may only achieve the rate of return advertised over a set period and the return
may depend on specific conditions being met.

    The monthly factsheet is available on the website www.closeinvestments.com

    For further information contact:

    Anson Fund Managers Limited
    Secretary 

    Tel: [phone]

    E&OE - In transmission.

    End of Announcement



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