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 30 June 2015.

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 12 August 2014, or any subsequent shareholder meeting.

4 December 2014

For further information about this announcement contact:

JTC (Guernsey) Limited

Secretary

Tel: 01481 702 400

E&OE - in transmission