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Quintillion and Pamplona Credit Opportunities Fund one year update

Release Date: 18 September 2009

Dublin, 16th September 2009 - Quintillion Fund Administration congratulate Pamplona Capital Management on both the first anniversary of the launch of the Pamplona Credit Opportunities Fund (PCO) as well as the successful conclusion of the first year of operations for PCO, which returned a net performance of +21.51 per cent thereby confirming PCO as one of the top performers* in their sector.

Commenting on the milestone, Brian Byrne, Director Pamplona Capital Management LLP said “We are very pleased that our key considerations in the selection of an administrator have been validated by our experience with Quintillion for PCO. The format of the Quintillion NAV reporting and their focus on daily reconciliation have facilitated a very transparent P&L review process for our middle office team that has resulted in a smooth and efficient monthly NAV process. This has allowed our team to focus on the portfolio management for PCO rather than dealing with any potential operational issues with service providers. The Quintillion operational contact teams, both in fund accounting and investor services have demonstrated a thorough understanding of our portfolio and fund structure and have ably assisted with any queries that arose over the course of the year on a timely basis“.

Enda Regan, Fund Accounting Manager at Quintillion said ”We are delighted to continue servicing PCO and look forward to working with Pamplona middle office as they add further innovative asset classes to the portfolio.”

*HFRI Credit League tables, inception and year-to date data to July / August 2009.