RNS Number:9370N
Accelerated Return Fund Limited
24 July 2003



THE ACCELERATED RETURN FUND LIMITED (THE "COMPANY")

ON 24 JULY 2003 THE COMPANY BECAME AWARE THAT BRITANNIC ASSURANCE PLC WITH
PROFITS FUND HELD 2,120,000 PARTICIPATING SHARES REPRESENTING 8.28% OF THE TOTAL
PARTICIPATING SHARES ISSUED BY THE COMPANY.

Name of contact and telephone number for queries:

Anson Fund Managers Limited 01481 722260

Name of company official responsible for making this notification

J R Le Prevost, for Company Secretary                      01481 722260

Date of notification: 24 July 2003



                      This information is provided by RNS
            The company news service from the London Stock Exchange

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