Close UK Index Growth Fund 2012 Statement re Redemption of Zero Dividend Shares (5011T)

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RNS Number : 5011T

Close UK Index Growth Fund 2012

13 December 2012

FOR IMMEDIATE RELEASE

CLOSE ASSETS FUNDS LIMITED (the "Company")

CLOSE UK INDEX GROWTH FUND 2012 (the "Fund")

REDEMPTION OF ZERO DIVIDEND SHARES IN THE FUND (THE "SHARES")

The Fund's investment objective is to provide investors with four times the growth of the FTSE 100 Index (the "Index"), up to a maximum capital repayment of 164 per cent of the Issue Price (148.64 pence per Share), over the Fund's six year term from 14 November 2006 to 22 November 2012 (the "Term"), subject to any unforeseen circumstances.

The Shares offer full capital protection, subject to the Index closing down by more than 50 per cent from its starting value during the Term (i.e. below 3080.15) AND failing to recover to its starting value of 6,160.30.

The official closing level of the Index as at 22 November 2012 was 5,791.03 and during the Term the Index had not closed down more than 50 per cent from its starting value. Therefore, the Final Capital Entitlement payable to Shareholders is 148.64 pence per Share.

The proceeds payable to Shareholders are expected to be paid on or around 14 December 2012 and are to be paid to all Shareholders by cheque, made payable to the relevant holder, or in the case of joint holders to such relevant joint holders. Such payments are sent at the risk of the holder(s) to the address of the holder, or first named joint holder, as it appears on the Company's Register of Members or by such alternative method as previously communicated to the Company's Registrar.

The listing of the Fund's Shares on the Official List and trading on the London Stock Exchange plc's main market for listed securities was suspended on 23 November 2012 with the expected cancellation date being 31 December 2012.

For further information contact:

Anson Fund Managers Limited

Secretary

Tel: [phone]

Anson Registrars Limited

Registrar and Paying Agent

Tel: [phone]

13 December 2012

END OF ANNOUNCEMENT

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