THE LION FUND LIMITED ANNOUNCES ISSUE OF SECOND SERIES OF SHARES

Date15-Feb-2006
Re:The Lion Fund Limited (the "Fund")

 

The Board of Directors (the Directors) of The Lion Fund Limited (the Fund) wish to announce that the second Series of Shares of the Fund were issued for value

1 February, 2006, as follows.

 

Name of Series - Participating Shares Series 2-06

 

Date of Issue - 1 February, 2006

 

Number of Shares Issued - 31,892.78

 

Initial NAV/Share - US$32.8601

 

Yours faithfully

 

Dennis Hunter

(Director)