TOPE Mwtops Eur

    Circular relating to Redemption Offer and Notices of Meetings
             



                   MW TOPS Limited (the "Company")

    Circular relating to Redemption Offer and Notices of Meetings

The Company has today released a Circular relating to the offer of  a
cash exit by way of redemption to holders in its US Dollar, Euro  and
Sterling classes (the "Redemption Offer"), previously announced on 10
October 2008.  Details  of the Redemption  Offer are set  out in  the
Circular accompanying this notice.

The Company also announces  the convening of a  class meeting of  the
holders of its Euro Shares (the  "Euro Class Meeting") to be held  at
Anson Place, Mill Court, La Charroterie, St Peter Port, Guernsey  GY1
1EJ, at 10.00am (GMT) on 8 January 2009.

Notice is also hereby given  of a extraordinary general meeting  (the
"EGM") of  the Company  to be  held at  Anson Place,  Mill Court,  La
Charroterie, St Peter Port, Guernsey GY1  1EJ, at 10.30am (GMT) on  8
January 2009 (or  as soon  thereafter as  the Euro  Class Meeting  is
concluded).

Notices convening the EGM and Euro  Class Meeting are set out at  the
end of the Circular.

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

Marshall Wace LLP
Investment Manager
Tel: +44 (0) 207 316 2280

20 November 2008

END OF ANNOUNCEMENT

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