ABSOLUTE RETURN TRUST LIMITED

(a closed-ended investment company incorporated in Guernsey with registration number 42733 )

The following replaces the 'Net Asset Value(s)' announcement released on 6 July 2012 at 15.27 under RNS No 1501H.

As previously released the announcement contained elements of draft text and draft figures.

The full amended text is shown below.

Estimated Month-End Net Asset Value

The Net Asset Value figure stated in this announcement is an estimate only, and is based on unaudited estimated valuations supplied by investee funds, their managers, investment advisers or administrators. Although the Manager has evaluated such information and data, it has not confirmed the completeness or accuracy of such information or data. The actual month-end Net Asset Value may be materially different from the estimated weekly value. Accordingly, no reliance should be placed on such estimated Net Asset Value and it should only be taken as an indicative guide.

Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited

Harry Rouillard   44 (0)1481 745315

Date: 06 July 2012