CQS RIG FINANCE FUND LIMITED Estimated Net Asset Value(s)

(a closed-ended investment company incorporated in Guernsey with registration number 45805)

Estimated Net Asset Value (Estimated NAV)

As at the close of business on 7 December 2009 the Estimated NAV per share was 16.96 pence.

This Estimated NAV has been prepared by the Company's Investment Adviser and is based on unaudited valuations sourced from third party brokers. Neither the Company nor its Investment Adviser accept any responsibility for, and make no representation or warranty in respect of, the accuracy of the Estimated NAV provided, and neither is any implied. This Estimated NAV is provided for indicative purposes only.

Enquiries:

Secretary
Kleinwort Benson (Channel Islands) Fund Services Limited
Telephone (01481) 727111

Date: 7th December 2009


HUGIN /Source: CQS Rig Finance Fund Ltd