Listing Announcement

The Cayman Islands Stock Exchange hereby admits the following securities to listing:

Effective Date:9-Jul-2009
Name of Issuer:Lion Fund Limited, The
Description:Number and Description of Securities:


Up to 89,990,000 Participating Redeemable Preference Shares of

US$0.01 par value each.


- US Dollar Class Participating Shares Series 07-09


Type of listing: Primary listing of an

open-ended mutual fund,

additional series.