REG-CQS RIG Finance Fund LTD: Estimated Net Asset Value

CQS RIG FINANCE FUND LIMITED

(a closed-ended investment company incorporated in Guernsey with registration
number 45805)

Estimated Net Asset / Liability Value

As at the close of business on 18 May 2009 the estimated liabilities of the
Company exceeded the estimated assets of the Company by approximately £
4,178,647 million, equivalent to a shortfall of 4.29p per share

This information 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 information
provided, and neither is any implied. This information is provided for
indication purposes only.

Enquiries:

Secretary

Kleinwort Benson (Channel Islands) Fund Services Limited

Telephone (01481) 727111

Date: 19th May 2009

END