Hambrecht & Quist Capital Management LLC

Saturday May 10,2008

HQH Pricing Info
AS OF:	5/8/2008
HQH NAV:	17.45
HQH STOCK:	15.48
PREMIUM/DISCOUNT:	-11.29%
*See Legal Disclaimer

HQL Pricing Info
AS OF:	5/8/2008
HQL NAV:	13.88
HQL STOCK:	12.33
PREMIUM/DISCOUNT:	-11.17%
*See Legal Disclaimer

News and Fund Reports

Fund Reports

Annual 2007 (Sept 30, 2007) Semi-Annual 2007 (March 31, 2007) Annual 2006 (Sept 30, 2006) Semi-Annual 2006 (Mar 31, 2006)
Quarterly Reports can be accessed by the following link. *Note: These links are not maintained by HQCM LLC.
SAI - Statement of Additional Information PROSPECTUS Audit Committee Charter 2008 Shareholder Meeting Invite

NEWS

04/01/2008 - H&Q Life Sciences Investors Pays Stock Distribution
02/08/2008 - H&Q LIFE SCIENCES INVESTORS DECLARES STOCK DISTRIBUTION
01/04/2008 - H&Q LIFE SCIENCES INVESTORS PAYS STOCK DISTRIBUTION
11/07/2007 - H&Q Life Sciences Investors Declares Stock Distribution
10/01/2007 - H&Q Life Sciences Investors Pays Stock Distribution
08/07/2007 - H&Q Life Sciences Investors Declares Stock Distribution
07/02/2007 - H&Q Life Sciences Investors Pays Stock Distribution
05/14/2007 - H&Q Life Sciences Investors Declares Stock Distribution
04/02/2007 - H&Q Life Sciences Investors Pays Stock Distribution
02/07/2007 - H&Q Life Sciences Investors Declares Stock Distribution