DVPS DA Vinci Cis

    DA VINCI CIS PRIVATE SECTOR GROWTH FUND LIMITED

(Registered in Guernsey - Number 48020)

Registered Office:

MARTELLO COURT, ADMIRAL PARK,ST PETER PORT, GUERNSEY, GY1 3HB
__________________________

TELEPHONE: +44 1481 751000

FACSIMILE: +44 1481 751001

e-mail: fundadmin@gg.fortis.com

For immediate release 23 December 2008

Tender Offer and Extraordinary General Meeting

Da Vinci CIS Private Sector Growth Fund Limited (the "Company") today announces
its proposed return to shareholders of the Company ("Shareholders") of up to
US$23,000,000 by way of repurchase of participating preference shares by the
Company pursuant to a tender offer.

Shareholders have been invited to tender their participating preference shares
to the Company at a price per share to be calculated by reference to the net
asset value per share as at 31 December 2008. Once the price has been
calculated, the maximum amount of shares to be bought back pursuant to the
tender offer will be announced. Subject to the conditions referred to below
being met tenders will be satisfied pro rata to the maximum amount of shares.

The Company believes it is in the best interest of the Company and the
Shareholders to distribute its currently un-invested and realised cash after
setting aside reserves for working capital. To this end, the Company shall
commence such distributions by returning up to US$23,000,000 currently
un-invested and realised cash to Shareholders.

The Company shall repurchase the shares off-market pursuant to the purchase
contract which is available on request from the registered office of the
Company. Shares successfully tendered shall be cancelled by the Company and
will not be available for reissue.

The tender offer is conditional upon, among other matters, Shareholder approval
being duly obtained at the Extraordinary General Meeting of the Company to be
held on 9 January 2009 for (i) the Company to apply for the cancellation of
trading of the Company's shares on the Specialist Fund Market; and (ii) changes
to the Company's investment objective, investment strategy and investment
restrictions. Shareholders were provided with a notice convening the
Extraordinary General Meeting to approve the tender offer and conditions. If
these conditions are not satisfied the tender offer will lapse.

The tender offer is open to Shareholders from 22 December 2008 until 1.00 p.m.
on 9 January 2009.

The full terms of the tender offer are set out in the Tender Offer Circular
dated 22 December 2008.

Further announcements will be made as appropriate.

Enquiries:

Fortis Fund Services (Guernsey) Limited
Company Secretary
Martello Court
Admiral Park
St Peter Port
Guernsey GY1 3HB

Tel: 01481 751000
Fax: 01481 751001



END

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