Estimated Net Asset Value(s)

CQS RIG FINANCE FUND LIMITED (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 27 July 2009 the Estimated NAV per share was 3.28 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: 28th July 2009 ---END OF MESSAGE--- This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.