THE LION FUND LIMITED

RE: Change of Name of Administrator

The Board of Directors of The Lion Fund Limited (the “Company”) wishes to announce that with effect from 6 February 2009 Queensgate Bank & Trust Company Ltd (the “Administrator”), the administrator to the Company, has changed its name to Queensgate Trust Company Ltd.

Enquiries:

Queensgate Trust Company Ltd. Dennis Hunter

Phone: +1 345 945-2187