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    CANCELLATION OF TREASURY SHARES
             



                   MW TOPS LIMITED (the "Company")

                   CANCELLATION OF TREASURY SHARES

The Board of MW TOPS Limited (the "Company") resolved on the 7 August
2008 with immediate  effect to  cancel 302,190  Euro shares,  116,808
Sterling Shares  and  101,092 US  Dollar  Shares US  Dollar,  thereby
reducing the  total  Shares  in  issue  to  62,349,724  Euro  Shares,
33,273,946 Sterling Shares and 21,558,851 US Dollar Shares.

This document is for information purposes only and is not an offer to
invest. "The Company is registered with  the Dutch Authority for  the
Financial Markets as a collective  investment scheme which may  offer
participations in The  Netherlands pursuant  to article  2:66 of  the
Financial Markets Supervision Act (Wet op het financieel  toezicht)."
All  investments  are  subject  to  risk.   Past  performance  is  no
guarantee of future  returns.  Prospective investors  are advised  to
seek expert  legal,  financial,  tax and  other  professional  advice
before making any investment decision.  The value of investments  may
fluctuate.  Results achieved in the  past are no guarantee of  future
results.


For further information about this announcement contact:

Anson Fund Managers Limited
Secretary
Tel: +44 (0)1481 722260

Thursday 7 August 2008

                         END OF ANNOUNCEMENT

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