Ark Fund Management Ltd.

Ark Fund Management Ltd.

March 04, 2009 10:45 ET

Ark Funds Offer Global Value Expertise of NorthRoad Capital Management

NorthRoad sub-advises the Ark NorthRoad Global Fund

TORONTO, ONTARIO--(Marketwire - March 4, 2009) -

THIS PRESS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES.

Ark Fund Management Ltd. (Ark), the Manager and Trustee of the Ark NorthRoad Global Fund, announces that, effective March 1, 2009, SciVest Capital Management Inc. (SciVest) replaced Avenue Investment Management Inc. as the Portfolio Advisor to the Ark NorthRoad Global Fund. Also effective on March 1, 2009, NorthRoad Capital Management LLC was retained by SciVest to act as the investment sub-advisor to the Fund.

This press release is for information purposes only and does not constitute an offer to sell or a solicitation to buy the securities referred to herein.

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