Marshall Wace TOPS - Authorised Share Capital etc

RNS Number:3058M
Marshall Wace TOPS Fund Limited
22 January 2008

STOCK EXCHANGE ANNOUNCEMENT

For Immediate Release
22 January 2008

MARSHALL WACE TOPS FUND LIMITED (the "fund")

Re: Change of Authorised Share Capital and Delegation to Marshall Wace Asia
Limited

Change of Authorised Share Capital

The Board of Directors of the Fund wish to announce that the authorised ordinary
share capital of the Fund has been increased from 40,000,000 shares of US$0.01
par value to 60,000,000 shares of US$0.01 par value.

Delegation to Marshall Wace Asia Limited

The Board of Directors of the Fund also wish to announce that as of 1 January
2008 Marshall Wace LLP ("MWLLP") (the investment manager of the Fund and
Marshall Wace TOPS Trust (the "TOPS Trust"), the master fund in which the Fund
invests) is entitled to delegate certain of its functions, powers, duties and
discretion in relation to the management of all of the sub-trusts of the TOPS
Trust to Marshall Wace Asia Limited ("MWAL"). The investment restrictions will
apply individually to each pool of assets managed by MWLLP and MWAL.
Notwithstanding the delegation of the management of the MWAL Assets, the Fund
and the TOPS Trust will continue to be managed primarily by MWLLP.

The Amended and Restated Investment Management Delegation Agreement dated 18
January 2007 between MWLLP and MWAL (the "Agreement") provides that (i) each
party may terminate the Agreement by giving to the other not less than 90 days'
written notice; and (ii) that the Agreement may be terminated automatically in
certain circumstances.

MWLLP shall, to the extent that it is in turn indemnified by the Fund or the
TOPS Trust (as applicable), indemnify and keep indemnified MWAL and the
directors, officers and employees of MWAL from and against any and all
liabilities, obligations, losses, damages, suits and expenses which may be
incurred by or asserted against MWAL in its capacity as sub-investment manager
of the MWAL Assets other than those resulting from the negligence, wilful
default or fraud on its or their part.

MWLLP shall pay to MWAL by way of remuneration for its services under the
Agreement such fees as may be agreed from time to time.

MWAL is a limited liability company established under the laws of Hong Kong on
28 March 2006. MWAL is authorised and regulated by the Securities and Futures
Commission of Hong Kong.

MWAL, which has approximately €750 million of assets under management, is a
wholly owned subsidiary of MWLLP. As at 31 December 2007, MWLLP, which is
authorised by the United Kingdom Financial Services Authority, had in excess of
€10 billion of assets under management (including assets whose management has
been delegated to MWAL).

Details of the individual at MWAL with responsibility for the management of the
MWAL Assets are set out below:

Lee Chee Meng

Lee Chee Meng joined Marshall Wace in August 2006. Prior to this, he was at
Citigroup Global Markets Asia for two years as a Vice President for equity
proprietary trading. From 2000-2004, he worked as a hedge fund manager at
Kenrich Partners Private Limited, a Singapore-based fund management firm
employing a long-short equity strategy in Asia ex-Japan. Mr Lee has 13 years of
experience in Asia ex-Japan equities. He graduated from the National University
of Singapore in 1993 with a Honours degree and qualified as a Chartered
Financial Analyst (CFA) in 1997. He is fluent in Chinese and Cantonese.

Enquiries:

J&E Davy Niamh Moran
+353 1 614 8933

This announcement has been issued through the Companies Announcement Service of

The Irish Stock Exchange.

This information is provided by RNS
The company news service from the London Stock Exchange
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