Net Asset Value(s)

8 October 2013 CRYSTAL AMBER FUND LIMITED ("Crystal Amber Fund" or the "Fund") Monthly Net Asset Value Crystal Amber Fund announces that its unaudited net asset value ("NAV") pershare on 30 September 2013 was 148.11p (31 August: 141.21p per share). The proportion of the Fund's NAV at 30 September 2013 represented by the tenlargest holdings, other investments and cash (including accruals), was asfollows: Top ten holdings Pence per share Percentage of Stock return investee equity over the held quarter (with dividends reinvested) Tribal Group plc 11.1 4.4% 12.9% TT Electronics plc 10.7 2.6% 26.5% Sutton Harbour Holdings plc 9.3 28.7% 6.3% Norcros plc 9.3 5.7% 22.4% API Group plc 8.6 11.6% -3.4% 4imprint Group plc 6.9 3.4% 9.7% Smiths News plc 6.7 1.3% 35.5% Devro plc 6.7 0.9% 12.4% Thorntons plc 6.3 6.9% 5.1% Northgate plc 4.9 0.6% 29.2% Total of ten largest holdings 80.5 Other investments 33.4 Cash and accruals 34.2 Total NAV 148.1 Investment Adviser's quarterly commentary on the portfolio Over the quarter to 30 September, NAV per share increased by 11.3%. The Fundhas a June year end. Since 1 January 2013, NAV per share has risen by 23.3%, or23.8% including the dividend paid in August. The top three positive contributors to NAV growth were TT Electronics plc (2.5%contribution), Norcros plc (1.7%) and Smiths News plc (1.6%). The onlydetractor has been API Group plc (-0.5%). Over the period, the Fund beganaccumulating positions in five companies. TT Electronics plc (`TT') TT's share price rose by 26.5% over the quarter, recovering from a 13% declinein the previous quarter, as the market's view of TT's cyclical exposureimproved. Following this share price strength, the Fund reduced its holding inTT by 16.5%. Whilst mindful of the upside from production volume increases, theFund remains focused on the opportunity for cost reduction in TT´s productionfootprint, as outlined in the company's investor day. Sutton Harbour Holdings plc ("Sutton Harbour") Over the period, the share price appreciated by 6.3%. Sutton Harbour finishedthe construction and opened its new King Point Marina at Millbay on budget andon schedule. Sutton Harbour announced the appointment of its new chairman,Graham Miller, which the Fund welcomes. Norcros plc ("Norcros") Norcros returned 22.4% over the period, as the share price re-rated from alowly 7.5x operating profits. Over the period, Prism Cement, the largestshareholder, disposed of its 25% stake in the company, which was met withstrong institutional demand. Following share price strength, the Fund reducedits holding in Norcros by 22.7%. An investor day detailed the company'sstrategy to double revenues in five years, whilst maintaining overseas exposureand returns on capital. Further comments on the main investments in the portfolio can be found on theFund's website www.crystalamber.com Share buy-back Over the quarter, the Fund purchased 870,000 of its shares at an average priceof 136.6p, which are held as treasury shares together with the 4,492,000 sharespurchased previously. The average cost of the 5,362,000 shares is 118.7p pershare. The share price currently trades at a discount of two per cent. to thelast published NAV. Following today's NAV publication, the discount is now 6.5per cent. Cash resources Over the quarter, cash and accruals increased from 10p per share to 34.2p,principally as a result of the Fund's successful £26.5m fund raise. For further enquiries please contact: Crystal Amber Fund LimitedWilliam Collins (Chairman)Tel: 01481 716 000 Sanlam Securities UK Limited - Nominated AdviserDavid Worlidge/Simon ClementsTel: 020 7628 2200 Numis Securities Limited - BrokerNathan Brown/Hugh JonathanTel: 020 7260 1426 Crystal Amber Advisers (UK) LLP - Investment AdviserRichard BernsteinTel: 020 7478 9080