COMPANY ANNOUNCEMENT - LIONGATE SPC

  2^nd July 2012

Re: Liongate Multi-Strategy Fund Segregated Portfolio

The final Net Asset Values of each class of the Liongate Multi-Strategy Fund Segregated Portfolio as calculated by the Administrator, Citco Fund Services (Europe) Limited, were as follows for the period ended 31^st May 2012:

Liongate Multi-Strategy Fund Class A1 (USD) - 1,757.59

Liongate Multi-Strategy Fund Class B1 (EUR) -  1,707.64

Liongate Multi-Strategy Fund Class C1 (GBP) -  1,777.50

Liongate Multi-Strategy Fund Class D1 (JPY) -  119,888.04

The Administrator of the Liongate Multi-Strategy Fund, Citco Fund Services (Europe) Limited, can be contacted for confirmation of these Fund pricing details on amscfsclientdesk@citco.com

This Irish Stock Exchange (ISE) announcement has been approved for release by the full board of Liongate SPC.  Any questions about this disclosure should be directed to Jeff Holland at jholland@liongate.com or Paul Bentley of Liongate at pbentley@liongate.com

Enquires to:                                                   

This announcement has been issued through the Companies Announcement Service of

The Irish Stock Exchange.

END