December 17, 2009 06:29 ET

Estimated Net Asset Value as at 15 December 2009

                                   MW TOPS LIMITED (the "Company")
                                 ESTIMATED NET ASSET VALUE OF SHARES
The estimated net asset value per share ("NAV") of each of the undermentioned three classes of shares
of no par value in the Company as at the close of business on Tuesday 15 December 2009 is:

Sterling Shares       -      GBp      1030       ISIN:    GG00B39VY027
Euro Shares           -      EUR      10.17      ISIN:    GG00B39VXT49
USD Shares            -      USD      10.04      ISIN:    GG00B39VY134

These estimated NAVs have been calculated by Marshall Wace LLP and are estimates only.  The making of
such estimates involves known and unknown risks, uncertainties and other factors which may cause  the
estimated  results, performance or achievements to be materially different from any  actual  results,
performance or achievements.  Except as required by applicable law, the Company and Marshall Wace LLP
expressly  disclaim  any  obligation to update or revise such estimates  to  reflect  any  change  in
expectations, new information, subsequent events or otherwise.

This  document  is  for  information purposes only and is not an offer to  invest.  "The  Company  is
registered with the Dutch Authority for the Financial Markets as a collective investment scheme which
may  offer  participations  in  The Netherlands pursuant to article 2:66  of  the  Financial  Markets
Supervision  Act  (Wet  op  het financieel toezicht)." All investments are  subject  to  risk.   Past
performance  is  no guarantee of future returns.  Prospective investors are advised  to  seek  expert
legal, financial, tax and other professional advice before making any investment decision.  The value
of investments may fluctuate.  Results achieved in the past are no guarantee of future results.

For further information about this announcement contact:

Anson Fund Managers Limited
Tel: +44 (0)1481 722260

17 December 2009

E&OE - in transmission

                                         END OF ANNOUNCEMENT


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