Capital Distribution

 10 October 2018

Kubera Cross-Border Fund Limited

Capital Distribution

Kubera Cross-Border Fund Limited (the "Fund") is pleased to announce that the Board of Directors has declared a distribution of capital of US$ 5,486,716 to all shareholders of the Fund. The distribution will consist of a payment of US$ 0.05 per ordinary share ("share") payable in cash from the Fund's share premium account.

The shares will be marked "ex" on 18 October 2018 and will be paid to shareholders who are recorded on the register on 19 October 2018. The payment date shall be 2 November 2018.

The distribution of US$ 0.05 per share represents an amount equal to 16% of the Fund's closing share mid-price of US$ 0.31 as 5 October 2018. The Fund's unaudited net asset value as at 30 June 2018 was US$ 0.36 per share.

For more information, contact:

Grant Thornton UK LLP (Nominated Adviser)

Philip Secrett/ Jamie Barklem/ Ben Roberts

Tel.: +44 (0) 20 7383 5100

Email: [email protected]

Numis Securities Limited (Broker)

David Benda, Managing Director

Tel.: +44 (0) 20 7260 1275

Email: [email protected]

FIM Capital Limited (Administrator, Registrar & Secretary)

Philip Scales, Director

Tel.: +44 (0) 1624 681250

Email: [email protected]

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014.