Inv Obj & Pref Update

    RNS Number : 3400Z
  Close Enhanced Commodities Fund Ld
  17 July 2008
   

    FOR IMMEDIATE RELEASE

    17 July 2008

    Close Enhanced Commodities Fund Limited (the "Company")

    The investment objective of the Company is to provide to shareholders, on the Redemption Date in February 2010, a capital amount of 100
pence per Share and a growth amount equal to two times any percentage increase in the End Value* of the Commodity Portfolio relative to its
Start Value.

    The Commodity Portfolio is a notional portfolio of commodities comprising by value on the Start Date, being 22 February 2005, one-third
crude oil, one-third gold and one-third industrial metals (equally weighted between aluminium, copper and zinc).

    Based on the values of the commodities as at 16 July 2008 and assuming these values were to remain unchanged through to the end of the
life of the Company, the final capital entitlement per Share on the Redemption Date would be 344 pence.  This is not a forecast nor is it a
reflection of the net asset value per Share and takes no account of any unforeseen circumstances and is provided for informational purposes
only and should not be relied upon for investment decisions.

 Commodity              Start Value   As at 
                                      16 July
                                       2008
 Oil                         $51.15    $134.60
 Gold                       $432.85    $977.50
 Aluminium                $1,972.00  $3,126.00
 Copper                   $3,367.00  $8,291.00
 Zinc                     $1,383.00  $1,760.50
 Commodity Portfolio =      100.00%    222.11%


    *The End Value will be the average value of the Commodity Portfolio over the one year period ending on 22 February 2010.


    For further information contact:

    Anson Fund Managers Limited
    Secretary

    Tel: 01481 722260

    E&OE - in transmission








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