Monthly Shareholder Fact Sheet

CQS RIG FINANCE FUND LIMITED Monthly Shareholder Fact Sheet CQS Rig Finance Fund Limited (the "Company") a closed-ended investment company incorporated in Guernsey, is pleased to announce that its Monthly Fact Sheet for June 2009 is now available on the Company's website: The investment manager's commentary in the Fact Sheet is as follows: During June, WTI crude oil for August delivery rose from $67 to $70, having hit an intra month high of $73.5. In the high yield credit markets, bond positions gave back some of the sharp gains of the previous months as markets entered a period of consolidation. In the wider markets, risk assets across the board paused from the sharp rally of the previous couple of months and ended the month lower. Further evidence was seen of previously identified trends in the offshore rig market. Jack-up rig rates continued to soften but the ultra deep water ("UDW") segment, although not immune to the downturn, is showing more resilience due perceived future potential shortages. According to ODS Petrodata, there are no available UDW (+7,500ft) rigs available in 2009 (however 5 units offer sub-let periods). In June, the Company's portfolio recorded gains across several positions, primarily those directly related to drilling rigs. This was especially evident in one company as the drilling rig under construction nears completion. Financing markets are still exceptionally difficult as banks, particularly those lending to the offshore rig industry, attempt to repair their own balance sheets. However, during the month one of the Company's portfolio holdings was able to raise equity via a share issue, which led to an increase in the valuation of the Company's position in it. All market data is sourced from Bloomberg For further information, please contact: Lynette LeProvost Alastair Moreton Secretary Director, Corporate Finance Kleinwort Benson (Channel Islands) Arbuthnot Securities Fund Services Limited 01481 727111 020 7012 2000 END ---END OF MESSAGE--- This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.