Update re Argo Global Special Situations Fund


 

TIDMARGO 
 
RNS Number : 1180N 
ARGO Group Limited 
11 February 2009 
 

11 February 2009 
 
 
Argo Group Limited ("Argo") 
Update about the Argo Global Special Situations Fund ("AGSSF) 
 
 
 
 
As set out in Argo's admission document in November 2008, redemption requests 
had been received at that time in respect of approximately 35 to 40 per cent. of 
net assets under management in Argo Global Special Situations Fund as of end of 
October 2008 ("AGSSF's Assets"). 
 
 
Since then, further redemption requests which in aggregate equal around 30 per 
cent. of the AGSSF's Assets have been received. Following the implementation of 
a gate on redemptions, a new subsidiary of AGSSF, AGSSF Holdings Limited 
("AHL"), has been established to hold approximately 40 per cent. of AGSSF's 
current net assets, representing assets that are currently more difficult to 
liquidate. Redemptions received will be satisfied in a mixture of cash and 
shares in AHL. 
 
 
AHL will be managed by Argo Capital Management (Cyprus) Limited, a subsidiary of 
Argo Group Limited. 
 
 
 
 
 
 
Enquiries: 
 
 
Shamillia Sivathambu    020 7535 4000 
Argo Group Limited 
 
 
 
 
Dominic Morley 
Panmure Gordon     020 74593 600 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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