TIDMH2O

RNS Number : 0204L

Aqua Resources Fund Limited

25 July 2011

Aqua Resources Fund Limited

Director changes

25(th) July 2011,

The Board of Aqua Resources Fund Limited ("Aqua" or the "Company") announces the appointment of a new independent non-executive director with effect from 25(th) July 2011, and the resignation of a current non-executive director with effect from 22(nd) July 2011.

The Company is pleased to announce that Mr. Jonathan Hooley will join the board of the Company with effect from 25(th) July 2011. Mr. Hooley will also act as Chairman of the Audit Committee.

Mr. Hooley is the Chairman of the Channel Islands Stock Exchange as well as holding a number of other non-executive directorships. He retired as the senior partner of KPMG in the Channel Islands on 30(th) September 2007. He was a tax partner with KPMG for over 20 years, firstly in London where he was an international tax partner specialising in banking and other financial sector work and subsequently in Guernsey where he has been responsible for advising a large number of investment funds. Mr. Hooley has been a member of the States of Guernsey Fiscal Policy Technical Group for eight years and continues to act as an advisor to the States of Guernsey on external tax matters. He is also a member of the Offshore Advisory Committee of the Association of Investment Companies.

Mr. Hooley will replace Mr. Timothy Betley, who has resigned with effect from 22(nd) July 2011 as a non-executive director of the Company and as Chairman of the Audit Committee.

The Board wishes to express its deepest appreciation to Mr. Betley for his contribution to the Company.

Notes to Editors

Aqua Resources Fund Limited

Hasan Askari, Chairman

FourWinds Capital Management, Investment Manager info@fourwindscm.com

Kimberly Tara, Chief Executive Officer

Cenkos Securities plc, Corporate Broker

Will Rogers +44 (0)20 7397 1920

Dion Di Miceli +44 (0)20 7397 1921

HSBC Securities Services (Guernsey) Limited, Administrator

+44 (0) 1481 707 000

Citigate Dewe Rogerson, PR Advisor

Kevin Smith /Lindsay Noton +44 (0) 207 638 9571

Notes to Editors

Aqua is a Guernsey-domiciled Authorised Closed-ended investment scheme pursuant to section 8 of the Protection of Investors (Bailiwick of Guernsey) Law 1987, as amended and rule 6.02 of the Authorised closed-ended Investment Schemes Rules 2008.

Aqua's ordinary shares were admitted to listing on the Official List of the UK Listing Authority and to trading on the main market for listed securities of the London Stock Exchange plc on 24(th) July 2008.

Aqua investment objective is to provide long term capital appreciation through exposure to a diversified portfolio of water-related investments. Aqua will invest principally in businesses that are involved in i) water treatment and recycling (i.e. wastewater and recycling, water treatment and purification), ii) water infrastructure (i.e. water distribution) or iii) water application and conversion (water-to-energy and desalination) with the objective of capturing the growth opportunities emerging from the attractive long-term dynamics driving the water industry.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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