Novus Global Special Situations Strategy (Sterling Closed-Ended) Limited - Announcement





Novus Global Special Situations Strategy (Sterling Closed-Ended) Limited

 (the "Company")

The board of directors of the Company wishes to announce that the following has been approved:

1.         the life of the Company has been extended for a period of a further three years from 1 August 2013  to 1 August 2016 in accordance with the information memorandum relating to the Company and the articles of association;

2.         the investment manager of the Company has been authorised to effect the orderly realisation of the remaining assets in the Company.  The remaining shares in the Company will be compulsorily redeemed on a pro-rata basis on future dealing days declared by the board of directors as and when sufficient cash becomes available following the realisation of the Company's remaining assets; and

3.         the compulsory redemption of some or all of the Participating Shares registered in the name of each Shareholder shall be carried out at the same time and on the same terms for all Shareholders pro rata to the number of Participating Shares held.


29 July 2013


For further information in relation to the above announcement please contact David Makin at the office of the Companies' Secretary, Maples Secretaries (Cayman) Limited (Tel: +1 345 814 5780 or