Distribution of Cash Following Disposal

2nd November 2010

RAPID REALISATIONS FUND LIMITED

("Rapid" or "the Company")

Distribution of Cash Following Disposal

Rapid Realisations Fund Limited (AIM: RRF), announces that on Friday 29th October it partially redeemed its loan note interest and sold its equity stake in DDM Group AG ("DDM"), a Swiss based company which acquires distressed consumer debt portfolios from financial institutions. Rapid realized €7m in cash as a result of the transaction which is greater than the cost of the investment.

Rapid continues to hold loan notes in DDM to the amount of €6.34m which are redeemable in 4 equal installments at the end of March 2011, June 2011, September 2011 and December 2011.

As a result of this disposal, Rapid will use the sale proceeds to return capital to shareholders. It is the Directors' current intention to return to Shareholders a minimum of 11p per Share by way of a bonus issue of B Shares to Shareholders on the Company's register on the record date of 12th November 2010. The Company's Shares will be marked ex-dividend on 10th November 2010.

Following their issue the B Shares will be immediately redeemed by the Company on a pro rata basis. The redemptions will have an anticipated settlement date of 26th November 2010.

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Enquiries: 

Grant Thornton Corporate Finance Philip Secrett

+44 (0)20 7383 5100

Rapid Realisations Fund Limited Rhys Davies

+41796200215