TRMB Thames Riv. Eur

TIDMTRMA TIDMTRMB TIDMTRMU

RNS Number : 0211K

Thames River Multi Hedge PCC Ltd

14 August 2012

Thames River Multi Hedge PCC Limited

(a closed-ended umbrella investment protected cell company incorporated with limited liability under the laws of Guernsey with registered number 41511)

Conversion Between Classes / Switching Between Classes

The Company's Articles of Association contain provisions enabling Shareholders of any one class of Shares in a Cell in issue to switch all or part of their holding into any other class of Shares in a Cell in issue as at the NAV calculation date referable to the months of March and September in each year (each a "Conversion Calculation Date").

Such conversions will be on the basis of the ratio of the NAV of the class of Shares to be converted from (less the costs of effecting such conversion), to the NAV of the class of Shares to be converted to (each as at the relevant NAV calculation date) asset out in the Articles.

Shareholders may convert Shares of any class into Shares of any other class by giving not less than 30 calendar days notice to the Company in advance of the relevant Conversion Calculation Date, either through submission of the relevant instruction (for uncertificated Shareholders holding shares in CREST) or any other instruction necessary for any other relevant system, or through submission of a conversion notice and the return of the relevant share certificate to the Registrars.

Conversion notices are available on request from the Company's registrar at the following address:

Computershare Investor Services (Jersey) Limited

For the Attention of: Shirley Thomas

Queensway House

Hilgrove Street

St Helier

Jersey

JE4 1ES

Email: info@computershare.co.je

To be valid, the conversion notice and, where relevant, the appropriate Share certificate must be received at the above address at least 30 calendar days before the relevant Conversion Calculation Date. In addition, in the case of Shares held in uncertificated form, the relevant instruction must also be submitted at least 30 calendar days before the relevant Conversion Calculation Date.

Shareholders should note however, that fractions of Shares arising on conversions will be rounded down and that the costs of conversion may be disproportionate to the value of the Shares converted. Hence the aggregate Net Asset Value of those Shares held after conversion may be less than before such conversion. Shareholders should also note that if they elect to convert Shares they will be unable to deal in those Shares in the period between giving notice of conversion and the actual date of conversion which may be 60 calendar days or longer. Such notice once given shall be irrevocable without the consent of the Directors.

Shareholders are reminded that, as set out in the circular posted to Shareholders on 31 July 2012, the Board has proposed to amend the existing Articles to facilitate the compulsory conversion of the Euro and/or Dollar Share class into the larger, more liquid Sterling Share class at the Board's discretion, thereafter discontinuing the Euro and/or Dollar Share class. Assuming the new Articles are adopted by Shareholders at the EGM to approve the proposals for a managed wind down of the Company on 11 September 2012, the Board will consider merging the Share classes at an appropriate juncture.

This notice is for information only. Any Shareholder who is in any doubt whether or not to convert is recommended to contact an independent financial adviser.

Expected timetable:

Latest date for receipt of conversion notice and submission of relevant instruction or Share certificate (as appropriate) 29 August 2012

Conversion Calculation Date 28 September 2012

Conversion Date (on or about) 31 October 2012

Enquiries:

Thames River Capital LLP

Michael Warren Phone: +44 (0) 20 7360 1370

Cenkos Securities plc

Dion Di Miceli Phone: +44 (0) 20 7397 1921

State Street (Guernsey) Limited

John Bishop Phone: +44 (0) 1481 749608

The Company is an authorised closed-ended investment scheme domiciled in Guernsey. As an existing closed-ended fund the Company is deemed to be granted an authorisation declaration in accordance with section 8 of the Protection of Investors (Bailiwick of Guernsey) Law 1987, as amended and rule 6.02 of the Authorised Closed-ended Investment Schemes Rules 2008 on the same date as the Company obtained consent under the Control of Borrowing (Bailiwick of Guernsey) Ordinance 1959 to 1989.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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