CQS Diversified Fund Limited Conversion of Securities (0253K)

TIDMCQS TIDMCQSU

RNS Number : 0253K

CQS Diversified Fund Limited

19 June 2014

CQS Diversified Fund Limited (the "Company")

CONVERSION BETWEEN SHARE CLASSES & ADMISSION OF NEW SHARES

Conversion requests

The table below summarises the aggregate number of shares of each class in relation to which the Company has received requests to convert such shares into shares of the other class with effect from 30(th) April 2014 (the "Conversion Day").

From US Dollar Shares to Sterling Shares 50,000

Conversion ratios

The net asset value per share of each class as at the Conversion Day was as follows:

GBP1.1504 in the case of Sterling Shares

$1.1426 in the case of US Dollar Shares

Spot conversion rate to be used for the Conversion, as at the Conversion date:

GBP/USD: 0.59675

On the basis of the above, the conversion ratios are as follows:

0.5927 Sterling Share for every one US Dollar Share

Admission of new shares

Application has been made for 29,635 Sterling Shares to be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange. It is expected that such listing will become effective and that dealings in such shares will commence on 20(th) June 2014.

Results of conversion

With effect from 20(th) June 2014, the issued share capital of the Company will be as follows:

   Sterling Shares:            65,267,127 
   US Dollar Shares:         26,882,435

All shareholders have equal voting rights based on the number of shares held. Accordingly, the total number of voting rights in the Company is 92,149,562 and this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure and Transparency Rules.

19(th) June 2014

For further information about this announcement contact:

Secretary

Citco Fund Services (Guernsey) Limited

Douglas Mackay

Telephone (01481) 706796

This information is provided by RNS

The company news service from the London Stock Exchange

END

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