Update re Capital Return Scheme

9 August 2010

RAPID REALISATIONS FUND LIMITED

("Rapid" or "the Company")

Update re Capital Return Scheme

Rapid Realisations Fund Limited (AIM: RRF), announces that further to the announcement on 6 August 2010, in respect of the Circular and Notice of AGM, the Directors wish to inform Shareholders that should the Resolutions be passed at the AGM on 14 September 2010, they intend to immediately implement the Capital Return Scheme as described in the Circular.

It is the Directors' current intention to return to Shareholders a minimum of 23p per Share in cash by way of a bonus issue of B Shares to Shareholders on the Company's register on the record date of 14 September 2010. Following their issue the B Shares will be immediately redeemed by the Company on a pro rata basis and cash will be distributed to Shareholders.

Terms defined in the Circular dated 6 August shall have the same meaning when used in this announcement.

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Enquiries: 

Grant Thornton Corporate Finance Philip Secrett

+44 (0)20 7383 5100

Singer Capital Markets Limited James Maxwell / Nick Donovan

+44 (0)20 3205 7500