Gottex Statement Concerning ABL and ABI Funds

Gottex confirms today that the allegations against Petters are not expected to have a material impact on investments by Gottex managed funds in its mainstream market neutral fund business as the exposure of the market neutral funds of funds to underlying funds that do business with Petters is less than 2.5% of the gross assets of the Gottex market neutral funds of funds.

Gottex announces that within its Asset Based business line, the directors of Gottex ABI Fund Limited (ABI Fund), have determined, in consultation with Gottex, to temporarily suspend for the short term the determination of the ABI Fund’s NAV and the redemption of shares of the ABI Fund on the basis that the value of investments by the ABI Fund in underlying funds exposed to the Petters business may not reasonably be promptly and accurately ascertained in view of the very recent nature of the allegations against Petters, the lack of reliable information relating to the alleged fraud and the potential impact of the Petters’ situation on the ABI Fund’s leverage arrangements. As soon as more information regarding the Petters-related investments becomes available the ABI Fund will endeavor to bring the period of suspension to an end as promptly as possible.

Gottex further announces that the directors of GVA ABL Portfolio Limited (ABL Fund), a fund of funds managed by Gottex, have determined, in consultation with Gottex, that, in view of the impact of the issues involving Petters and the difficult environment in the credit markets on the performance of the ABL Fund, it is in the best interests of the ABL Fund and its shareholders to unwind the ABL Fund in an orderly manner with the objective of maximizing value for the shareholders of the ABL Fund.

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