Result of AGM

29 June 2012

AQUA RESOURCES FUND LIMITED (the "Company")

RESULT OF AGM

At the Annual General Meeting of the Company held today, resolutions 2, 3, 4, 5, 7, 8, and 9 were duly passed.

Resolution 1, to receive and adopt the financial statements of the Company for the year ended 31 December 2011 and the reports of the Directors and the auditors thereon (the "Financial Statements"), was not approved.

The Financial Statements remain valid in all respects, despite the vote and were audited with an unqualified opinion.

Please note that the results of the AGM will be placed on the Company website.

Further enquiries:

Aqua Resources Fund Limited

Hasan Askari, Chairman +44 (0)7904 968 582

FourWinds Capital Management, Investment Manager [email protected]

Kimberly Tara, Chief Executive Officer

Jui Kian Lim, Head of Asia Environment Group

Valerie Daoud Henderson, Head of Europe Environment Group

Cenkos Securities plc, Corporate Broker

Will Rogers +44 (0)20 7397 1920

Dion Di Miceli +44 (0)20 7397 1921

HSBC Securities Services (Guernsey) Limited, Administrator

+44 (0) 1481 707 000

CitigateDeweRogerson, PR Advisor

Kevin Smith /Lindsay Noton +44 (0) 207 638 9571

Notes to Editors

Aqua is a Guernsey-domiciled Authorised Closed-ended investment scheme pursuant to section 8 of the Protection of Investors (Bailiwick of Guernsey) Law 1987, as amended and rule 6.02 of the Authorised closed-ended Investment Schemes Rules 2008.

Aqua's ordinary shares were admitted to listing on the Official List of the UK Listing Authority and to trading on the main market for listed securities of the London Stock Exchange plc on 24 July 2008.

Aqua's investment objective is to provide long term capital appreciation through exposure to a diversified portfolio of water-related investments. Aqua will invest principally in businesses that are involved in i) water treatment and recycling (i.e. wastewater and recycling, water treatment and purification), ii) water infrastructure (i.e. water distribution) or iii) water application and conversion (water-to-energy and desalination) with the objective of capturing the growth opportunities emerging from the attractive long-term dynamics driving the water industry.