Restructuring of Crown Woods

RNS Number:1285S
Caliber Global Investment Ltd
11 April 2008


April 11, 2008

         Caliber Global Investment Limited ("Caliber" or the "Company")

          Restructuring of Crown Woods Funding Limited ("Crown Woods")

Caliber announces that it has entered into a further restructuring agreement for
Crown Woods under which it has been agreed with the funding bank that all
portfolio limits and tests, including rating and credit enhancement, will no
longer apply and that all principal, excess spread and proceeds from sales of
assets will be used first to repay interest and principal on the borrowings from
the bank. Accordingly, cash payments will only be made to Caliber once the
borrowings have been repaid in full. Additionally, the sale of assets from the
portfolio requires consent from the bank, and the bank has the right to direct
Crown Woods to sell assets. It is the intention to repay borrowings in full by
September 1, 2008.

The Investment Manager and the Board of Directors continue to consider the 
options available to the Company with respect to the returning of capital to 
shareholders in accordance with the investment objective of the Company.  If 
market conditions do not improve materially over the second half of 2008, 
Caliber may conclude that the best option will be to extend the timing of the 
return of capital, in which case it will seek shareholder approval.

At current market levels, any distribution of capital may be delayed beyond 
March 2009 when the contingent liability referred to in Note 13(f) to the 
statement of the Company's Preliminary Results for the First Quarter Ended 
December 31, 2007 expires.


Enquiries:

For further information please contact:

Investors and analysts:
Cambridge Place Investment Management LLP
Investor Relations
[phone]

Media:
Financial Dynamics
Ed Gascoigne-Pees
[phone]

About Caliber

Caliber is a Guernsey-incorporated investment company listed on the London Stock
Exchange (CLBR). Caliber's investment manager is Cambridge Place Investment
Management LLP.

www.caliberglobal.com



                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
MSCGUUGGCUPRGRU