8 March 2010

RAB Special Situations Company Limited (the "Company")

Share Buy-back

The Company today announces that it intends to undertake a share buy-back programme with immediate effect.

The Board has instructed Fairfax I.S. PLC, the Company's broker, to purchase, in the market, of up to 14.99% of the Company's shares in issue, subject to the total amount expended on the buy-back not exceeding circa £3.35 million.

Shareholders wishing to tender shares should contact the trading desk at Fairfax I.S. PLC on the details below.

Enquiries to:

Elysium Fund Management Limited

No 1 Le Truchot, St Peter Port

Guernsey GY1 3JX

Tel 01481 810100

Website www.rabspecialsituations.com

Nominated Adviser and Broker:

Fairfax I.S. PLC

Trading Desk:   Craig Lynch      020 7460 4360

Corporate Finance:        James King/ Gillian McCarthy    Tel 020 75985368