September 2009 Final Net Asset Values

 
TIDMAIDU TIDMAIDE 
 
The Aida Fund Limited ("Aida") 
 
September 2009 Final Net Asset Values 
 
The Net Asset Values of Aida's Shares as of 30 September 2009 is as follows: 
 
                  US Dollar 
 
NAV               1.6970 
 
                   US Dollar           US Dollar 
                                       Illustrative 
                                       Unlevered returns 
                                       (2) 
 
Performance 
 
MTD                1.47%               2.56% 
 
YTD                3.24%               9.52% 
 
Rolling 12-month   (20.39)%            0.71% 
 
5-Year             (7.36)%             28.52% 
 
5-Year Annualised  (1.52)%             5.15% 
 
Since Inception    13.13%              56.25% 
(1) 
 
(1) US$ class September 2001 
 
(2) As a result of eliminating leverage at the fund level on 30 June 2009, the 
actual historic performance is not a fair representation of how Aida would have 
performed if managed in a manner consistent with how it will be undertaken 
going forward. Therefore, for illustrative purposes in addition to the actual 
returns, the Investment Manager has calculated an estimate of the return of the 
underlying portfolio which is the return that would have been achieved if Aida 
had operated without expenses and the costs of leverage. These are included as 
"illustrative unlevered returns". 
 
These valuations, which have been prepared in good faith by Aida, are based 
principally on formal valuations supplied to Aida by the administrators of 
Aida's underlying investments. In the case where no such formal valuation has 
been received, an estimated valuation prepared by the manager or administrator 
of the underlying investments has been used. Valuations or estimates are 
unaudited and may not comply with generally accepted accounting or valuation 
principles. Other risk factors which may be relevant to this valuation are set 
out in Aida's prospectus dated 4 March 2008. 
 
Investment Manager Comment 
 
During September 2009 the Aida US$ class NAV achieved a performance of +1.47%, 
the underlying portfolio before expenses and the costs of leverage achieved a 
performance of +2.56%. 
 
Since inception until the end of August 2009 the Aida US$ class NAV has 
achieved a performance of +13.13%, the underlying portfolio before leverage and 
expenses achieved a performance of +56.25%. Over the same period the S&P 500 
has fallen (6.75)% and the FTSE 100 has fallen (3.95)%. 
 
Of the underlying funds held by Aida all nineteen funds have reported a 
positive performance during September. 
 
The net asset values for the Euro and Sterling shares as at 30 September 2009 
were Euro 1.5778 and 141.63p respectively. 
 
Aida Capital, the investment manager, remains available at all times to discuss 
the fund and markets in general. 
 
Contacts: 
 
Colin Clark 
 
Peter Haspel 
 
Nicholas Oppenheim 
 
Aida Capital 
 
[phone] 
 
[e-mail] 
 
Disclaimer 
 
The information in this announcement should be read in conjunction with the 
full text of the Circular to shareholders dated 4 August 2009 and any 
subsequent announcements. Capitalised terms used in this announcement shall, 
unless the context otherwise requires, bear the meaning given to them in the 
Circular. 
 
This announcement does not constitute an offer to sell, exchange or transfer 
any securities of The Aida Fund Limited and is not soliciting an offer to 
purchase, exchange or transfer such securities in any jurisdiction where the 
offer, sale, exchange or transfer is not permitted or to any person or entity 
to whom it is unlawful to make that offer, sale, exchange or transfer. 
 
The registration document published on 4 March 2008 of The Aida Fund Limited 
contains further details of the selling restrictions in such jurisdictions. 
 
This announcement is not an offer of securities for sale in the United States. 
The shares referred to herein have not been and will not be registered under 
the United States Securities Act of 1933, as amended (the "Securities Act") or 
with any securities regulatory authority of any state or other jurisdiction of 
the United States and may not be offered or sold within the United States or 
to, or for the account or benefit of, US Persons (as defined in Regulation S 
under the Securities Act) except in accordance with the Securities Act or an 
exemption therefrom. 
 
                             THE AIDA FUND LIMITED 
 
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                             THE AIDA FUND LIMITED 
 
   The Aida Fund Ltd., PO Box 246, Canada Court, Upland Road, St Peter Port 
 
                               Guernsey, GY1 3QE 
 
 
 
END