Share Buy-Back Engagement Extension

BlueCrest ALLBLUE FUND LIMITED (the "Company")

Share Buy-Back Engagement Extension

BlueCrest AllBlue Fund Limited ("BCAB" or the "Company") announces the extension of the share buy-back engagement (the "Engagement ") that was first implemented on 28 May 2012. The term of the Engagement has been extended on materially identical terms until 28 November 2014.

Share buy-backs under the Engagement will be made pursuant to the shareholder authority granted to the Company at the Annual General Meeting held on 8 August 2013, or any subsequent shareholder meeting.

30 June 2014

For further information about this announcement contact:

JTC Fund Managers (Guernsey) Limited

Secretary

Tel: 01481 702 400

E&OE - in transmission