BSX Announces Listing of RENFIN II Ltd

Hamilton, Bermuda: 21 August 2007 - The Listing Committee of the Bermuda Stock Exchange (BSX) today announced the approval of the listing of the Common Shares of RenFin II Ltd., (RENFIN2 VI), (the "Company"). The listing was effective from 24 July 2007.   

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The Company listing was for the authorised share capital consisting of 4,999,900 shares of Refin II Ltd., incorporated in the British Virgin Islands. The shares are to be distributed to Qualified Investors by the appointed placement Agent, Renaissance Capital Investment Management Limited, a company organized under the laws of the British Virgin Islands. RenFin II Limited is registered as a closed end investment fund.

Reid Management Limited sponsored the listing of the Common Shares of RenFin II Ltd.

The issue is being introduced for listing under the Restricted Marketing provisions of the Bermuda Stock Exchange, which is for securities that are aimed at Qualified Investors, being individuals or institutions that invest either a minimum of $100,000 or otherwise meet one of the suitability standards as defined by the Exchange.

The investment objective of the Company is to achieve medium term capital growth through Investments in Financial Institutions that are located in the Russian Region, Central Europe or Eastern Europe, which the Investment Manager has identified as planning to undertake an initial offering (by means of a private placement, a sale to a strategic investor or an IPO), or to undertake mergers and acquisitions in the next three to four years.

"The BSX is delighted to welcome Refin II Ltd. to listing", said Mr. James S. McKirdy, Chief Compliance Officer of the BSX.

For further information on RenFin II Ltd please contact: Natalia Ivanova at phone +7 495 258 7770 ext 4958 or Fax at +7 495 725 5256

Or email:  NIvanova@rencap.com