Holding(s) in Company

16 February 2011

Kubera Cross-Border Fund Limited

Holding in Company

Kubera Cross-Border Fund Limited (LSE/AIM: KUBC) (the "Fund") was informed on 15 February 2011 that as of close of business on 9 February 2011, QVT Fund LP and Quintessence Fund LP had an interest in 4,320,794 ordinary shares of the Fund, representing 3.94% of the Company's total voting rights.

For more information contact:

Ramanan Raghavendran, Managing Partner

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

Email: [email protected]

Numis Securities Limited (Broker)

David Benda, Director

Tel.:+44 (0) 20 7260 1275

Email: [email protected]

Grant Thornton Corporate Finance (Nominated Adviser)

Philip Secrett, Partner

Tel.: +44 (0) 20 7383 5100

Email: [email protected]