Result of AGM

2 June 2011

AQUA RESOURCES FUND LIMITED (the "Company")

RESULT OF AGM

At the Annual General Meeting of the Company held today, resolutions 3, 4, 5, 7, 8, 9 and 10 were duly passed.

Resolution 1, to receive and adopt the financial statements of the Company for the year ended 31 December 2010 and the reports of the Directors and the auditors thereon (the "Financial Statements"), and Resolution 2, to approve and ratify the re-appointment of the auditors of the Company for the year ended 31 December 2011, were not approved. In this regard, it should be noted that a total of 14,549,014 votes were cast on these resolutions, being 20.08 per cent of the total voting rights in the Company.

Resolution 6, the re-election of K Tara as a director of the Company, was also not approved.

Further enquiries:

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

Sarah Gestetner /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.