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 23 November 2009 the Estimated NAV per
share was 16.09 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: 24th November 2009

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