TIDMTOPU 
 
MW TOPS Limited (the "Company") 
 
                           Change to Conversion Cycle 
 
The  Board has resolved  that, with effect  from 1 June 2010, the frequency with 
which  the shares of the  Company may be converted  from one class to another is 
now  every three months.   The frequency of  conversions was previously monthly. 
 The next conversion date, therefore, will be 31 August 2010. 
 
However, if the proposals to restructure the Company (to be set out fully in the 
circular that is expected to be posted to shareholders by the end of June 2010) 
are  not passed at  the forthcoming AGM  and the separate  class meetings of the 
Company,  the frequency of conversions will  revert to monthly, with effect from 
31 July 2010. 
 
This  document  is  for  information  purposes  only  and  is  not  an offer  to 
invest. The  Company is  registered with  the Dutch  Authority for the Financial 
Markets  as a collective investment scheme which may offer participations in The 
Netherlands  pursuant to article  2:66 of the Financial  Markets Supervision Act 
(Wet  op het  financieel toezicht).  All investments  are subject to risk.  Past 
performance  is  no  guarantee  of  future  returns.   Prospective investors are 
advised  to  seek  expert  legal,  financial,  tax and other professional advice 
before making any investment decision.  The value of investments may fluctuate. 
 
For further information about this announcement contact: 
 
Anson Fund Managers Limited 
Secretary 
Tel: +44 (0)1481 722260 
 
Tuesday 1 June 2010 
 
E&OE - in transmission 
 
                              END OF ANNOUNCEMENT 
 
 
[HUG#1420757] 
 

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