TOPU Mwtops Usd

    Circular relating to Redemption Offer and Notices of Meetings
             



                   MW TOPS Limited (the "Company")

    Circular relating to Redemption Offer and Notices of Meetings

The Company has today released a Circular relating to the offer of a
cash exit by way of redemption to holders in its US Dollar, Euro and
Sterling classes (the "Redemption Offer"), previously announced on 10
October 2008.  Details of the Redemption Offer are set out in the
Circular accompanying this notice.

The Company also announces the convening of a class meeting of the
holders of its Euro Shares (the "Euro Class Meeting") to be held at
Anson Place, Mill Court, La Charroterie, St Peter Port, Guernsey GY1
1EJ, at 10.00am (GMT) on 8 January 2009.

Notice is also hereby given of a extraordinary general meeting (the
"EGM") of the Company to be held at Anson Place, Mill Court, La
Charroterie, St Peter Port, Guernsey GY1 1EJ, at 10.30am (GMT) on 8
January 2009 (or as soon thereafter as the Euro Class Meeting is
concluded).

Notices convening the EGM and Euro Class Meeting are set out at the
end of the Circular.

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
Secretary
Tel: +44 (0)1481 722260
Marshall Wace LLP
Investment Manager
Tel: +44 (0) 207 316 2280

20 November 2008

END OF ANNOUNCEMENT

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