Third Capital Return - Replacement (0893Y)

TIDMGMNT

RNS Number : 0893Y

Gottex Market Neutral Trust Limited

16 December 2010

Gottex Market Neutral Trust Limited (the "Company")

(a closed-ended investment company incorporated with limited liability under the laws of Guernsey with registered number 46429)

16 December 2010 (original announcement 14/12/2010)

Notice of 3rd compulsory partial redemption of shares - AMENDED (paragraph 2+4)

Further to the approval by the Company's shareholders of the winding down proposals as described in the circular to shareholders on 12 February 2010 (the "Circular") and following on from the 1st compulsory partial redemption of shares announced on 8 June 2010 and the 2nd compulsory partial redemption of shares announced on 17 July 2010, the Company today announces that it will return GBP6,750,000 (equivalent to 54.10 pence per share) on 4 January 2011 (the "Redemption Date") by way of a compulsory partial redemption of shares (the "Redemption") by reference to the 30 November 2010 NAV Calculation Date.

The Redemption will be effected pro rata to holdings of shares on the register at the close of business on the Redemption Record Date, being 31 December 2010. 64.03 per cent. of the Company's issued share capital would be redeemed on the Redemption Date (that is 64.03 Shares for every 100 held (the "Relevant Percentage")). Fractions of Shares will not be redeemed and so the number of shares to be redeemed for each shareholder will be rounded down to the nearest whole number of shares.

The amount to be applied to the partial redemption of shares comprises the monies from the realisation of the Company's investments received up to and including 30 November 2010 pursuant to the winding down of the Company, less any funds used or required to settle any liabilities (including the estimated ongoing day to day running costs of the Company and the costs and expenses of this partial redemption). The costs and expenses of this partial redemption are estimated not to exceed GBP20 000, equivalent to approximately 0.16p per share being redeemed.

As at today's date, the Company has 12,477,323 shares in issue of which none are held in treasury. All of the shares redeemed on the Redemption Date will be cancelled, after which it is anticipated that the Company will have approximately 4,488,093 shares in issue.

The shares will be disabled in CREST on the Redemption Date and the existing ISIN number GG00B43NP081 (the "Old ISIN") will expire. The new ISIN number GG00B4WVKV90 (the "New ISIN") in respect of the remaining Shares which have not been redeemed will be enabled and available for transactions from and including 4 January 2011. CREST will automatically transform any open transactions as at the Redemption Date (which is the record date for the purposes of the Redemption) into the New ISIN.

Payments of redemption monies are expected to be effected either through CREST (in the case of shares held in uncertificated form) or by cheque (in the case of shares held in certificated form) before 4 January 2011.

All Enquiries:

Andrew Maiden

Northern Trust International Fund Administration Services (Guernsey) Limited - Company Secretary

Tel: 01481 745368

Fax: 01481 745186

This information is provided by RNS

The company news service from the London Stock Exchange

END

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