Capital Distribution

10 June 2013

Kubera Cross-Border Fund Limited

Capital Distribution

Kubera Cross-Border Fund Limited (the "Fund") (LSE/AIM: KUBC) is pleased to announce a distribution of capital of US$ 3,293,020 pro rata to all shareholders of the Fund. The distribution will consist of a payment of US$ 0.03 per ordinary share ("share") payable in cash from the Fund's share premium account.

The shares will be marked "ex" on 19 June 2013 and will be paid to shareholders who are recorded on the register on 21 June 2013. The payment date shall be 24 June 2013.

The distribution of US$ 0.03 per share represents an amount equal to 6% percent of the Fund's closing share mid-price of US$ 0.50 as of 7 June 2013. The Fund's unaudited net asset value as of 29 March 2013 was US$ 0.73 per share.

About Kubera Cross-Border Fund Limited

Kubera Cross-Border Fund Limited is a closed-end investment company incorporated in the Cayman Islands and traded on the AIM market of the London Stock Exchange. The Fund makes private equity investments in cross-border companies, primarily in businesses that operate in the US-India corridor. The Fund's investment manager, Kubera Partners, brings a strong track record of investing in or managing such businesses. Several of the Fund's portfolio companies also benefit from business activities in the growing Indian domestic market. For further information on the Fund, please visit www.kuberacrossborderfund.com.

For more information contact:

Kubera Partners, LLC (Investment Manager of Kubera Cross-Border Fund Limited)

Ramanan Raghavendran, Managing Partner

Email: [email protected]

Numis Securities Limited (Broker)

David Benda, Managing Director

Tel.: +44 (0) 20 7260 1275

Email: [email protected]

Grant Thornton Corporate Finance (Nominated Adviser)

Philip Secrett, Partner/ David Hignell, Manager

Tel.: +44 (0) 20 7383 5100

Email: [email protected]

IOMA Fund and Investment Management Limited (Administrator, Registrar & Secretary)

Philip Scales, Director

Tel.: +44 (0) 1624 681250

Email: [email protected]