CQS RIG FINANCE FUND LIMITED


(a closed-ended investment company incorporated in Guernsey with
registration number 45805)

Estimated Net Asset Value (Estimated NAV)

As at the close of business on 7 December 2009 the Estimated NAV  per
share was 16.96 pence.

This Estimated  NAV has  been prepared  by the  Company's  Investment
Adviser and is based on unaudited valuations sourced from third party
brokers.  Neither the Company nor  its Investment Adviser accept  any
responsibility for, and make no representation or warranty in respect
of, the accuracy of  the Estimated NAV provided,  and neither is  any
implied.  This  Estimated NAV  is  provided for  indicative  purposes
only.

Enquiries:

Secretary
Kleinwort Benson (Channel Islands) Fund Services Limited
Telephone (01481) 727111

Date: 7th December 2009

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