Powder Multistrategy Fund Limited a company incorporated in The Commonwealth of The Bahamas, has filed an application with The Bahamas International Securities Exchange Limited to list its securities on the Exchange.

The Formal Notice is attached to this Press Release and advises the public of the Listing Application submitted by the issuer.

For Additional Information Contact:

Mrs. Elude Michel-Sturrup

Tel: 242-323-2330

Fax: 242-323-2320

Email: info@bisxbahamas.com