REG-CQS RIG Finance Fund LTD: 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 21st January 2008 the Estimated NAV per share
was 102.21 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
indication purposes only.

Enquiries:

Secretary

Kleinwort Benson (Channel Islands) Fund Services Limited

Telephone (01481) 727111

Date: 22nd January 2008

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