9 March 2010

RAB Special Situations Company Limited (the "Company")

Share Buy-back

The Company hereby announces that, on 8 March 2010, 704,146 ordinary shares of 1p each in the Company ("Ordinary Shares") were repurchased at a price of 32.5 pence per share, all of which will be cancelled. Following cancellation, the Company's issued share capital will be 79,295,854 Ordinary Shares.

The Company's share buy-back scheme will continue in accordance with the terms announced on 8 March 2010 until further notice.

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