Stock Exchange Announcement

Winton Futures Fund Ltd. (the "Fund")

(Re: New Clearing Broker)

The Board of Directors of the Fund wishes to announce that with effect from 26th January 2012, J.P. Morgan Securities Ltd. ("JPMSL") has been appointed as a clearing broker for the Fund. JPMSL has agreed to provide execution and clearing services for futures and options contracts and contracts cleared alongside futures and options on a central counterparty to the Fund pursuant to a client agreement (the "JPMSL Clearing Broker Agreement"). JPMSL is regulated in the conduct of its business by the FSA. In its capacity as clearing broker, JPMSL may execute futures and options for the Fund, and clear and settle such transactions. Also, JPMSL may clear other futures and options transactions executed by other brokers and given up to JPMSL in accordance with the relevant International Uniform Brokerage Execution Services ("Give-Up") Agreement. JPMSL may deal with the Fund either as principal, as agent or partly as principal and partly as agent, in accordance with the rules of the relevant exchange and/or clearing house.

The Fund's obligations and liabilities to JPMSL are secured by way of a first fixed charge in favour of JPMSL over all of the investments and other assets (including cash) of the Fund held in any account opened on JPMSL's or any affiliate's books and records for the purpose of holding margin and booking transactions entered into pursuant to the JPMSL Clearing Broker Agreement, and any rights in relation thereto. Additionally, JPMSL may, without prior notice and free of any interest of the Fund, deposit, pledge, charge, grant security over or otherwise use the Fund's securities held by JPMSL in favour of any exchange, clearing house or broker, as necessary to facilitate or secure the transactions under the JPMSL Clearing Broker Agreement, on such terms as the exchange, clearing house or broker may require.

Pursuant, and subject, to the terms of the JPMSL Clearing Broker Agreement, the Fund is required to pay or deliver to, and maintain with, JPMSL margin with such value as JPMSL shall, in its reasonable discretion, determine.

Where the Fund delivers such margin in the form of securities, the Fund shall transfer to JPMSL absolute title to such securities, and shall have a right of redelivery of equivalent securities pursuant, and subject, to the terms of the JPMSL Clearing Broker Agreement. JPMSL shall treat money received from the Fund or held on behalf of the Fund in connection with the JPMSL Clearing Broker Agreement in accordance with the FSA's client money rules.

Pursuant to the JPMSL Clearing Broker Agreement, neither JPMSL nor its directors, officers, employers or agents, shall be liable for any losses, damages, costs or expenses incurred by the Fund under the JPMSL Clearing Broker Agreement, save where such losses are a direct result, or a reasonably foreseeable consequence, of the gross negligence, fraud or wilful default of the relevant person.

Pursuant to the JPMSL Clearing Broker Agreement, the Fund will indemnify JPMSL, its affiliates and each of its and their respective directors, officers and employees (each an "Indemnified Person") from and against any Losses (as defined in the JPMSL Clearing Broker Agreement, and excluding consequential loss or damage), incurred by an Indemnified Person as a result of or in connection with the JPMSL Clearing Broker Agreement, save where such Losses are caused by the negligence, fraud or wilful default of such Indemnified Person.

Under the terms of the JPMSL Clearing Broker Agreement, JPMSL has certain rights, following certain Events of Default (as defined in the JPMSL Clearing Broker Agreement) in respect of the Fund, to close-out or terminate transactions, liquidate open positions, enforce its security interest and set-off obligations owing between JPMSL and the Fund.

Each of JPMSL and the Fund also has the right to terminate the JPMSL Clearing Broker Agreement at any time by notice to the other.

The Fund shall pay JPMSL normal commercial rates which will include such brokerage and commission charges as may be agreed with JPMSL from time to time, together with any fees or other charges imposed by any exchange or clearing organisation.

JPMSL is a service provider to the Fund only. JPMSL does not endorse the Fund and is not responsible for the preparation of this document or the activities of the Fund and therefore accepts no responsibility for the accuracy of any information contained in this document. JPMSL will not participate in the investment decisions of the Fund and has no obligation to provide any advice in relation to the management of the Fund's investments.

JPMSL has financial resources in excess of US$200 million and has a credit rating, as at the date of this document, of at least Aa3 (SNP: ^AA3Y - news) from Moody's and A+ from Standard ∓ Poor's for long term debt and a rating of at least P-1 and A-1, respectively, for short term debt from those agencies.

Enquiries:

This announcement has been issued through the Companies Announcement Service of

the Irish Stock Exchange.