TIDMTLI

RNS Number : 0904N

Alternative Asset Opps PCC Ltd

20 October 2016

Alternative Asset Opportunities PCC Limited (the "Company")

20 October 2016

Net Asset Value at 30 September 2016

The Board of Alternative Asset Opportunities PCC Limited (the "Company") announces that the net asset value of the US Traded Life Interests Fund at 30 September 2016 was 51.7 pence per share. The associated exchange rate at 30 September was GBP1/US$1.299.

In light of shareholders approving the change of investment objective on 10 October 2016 to effect the disposal of the portfolio, the net asset value is now prepared based on the aggregate portfolio sale price of US$43.25 million with provision for an estimate of the Company's future running expenses and the expenses expected to be incurred in the proposed liquidation process.

Cash Balances

The Company's cash balances as at 30 September 2016 amounted to US$5.2 million with proceeds of US$1.2 million relating to the maturity announced on 31 August 2016 being received after the month end. The Company's borrowing facility with AIB Bank plc has been cancelled with effect from 19 October 2016.

The Company's current cash balances amount to US$1.6 million and GBP3.3 million reflecting, inter alia, the conversion of US$4 million into Sterling on 13 October and the payment of premiums, to be reimbursed by the purchaser following policy transfer, to keep the policies valid and in force.

Disposal of the Portfolio

As announced on 13 October 2016 the policy transfer process has commenced and further updates will be provided in due course.

Enquiries:

   Charles Tracy            Tracey Lago 
   Chairman                    Company Secretary                Tel: 020 3246 7405

Alastair Moreton

   Stockdale Securities   Corporate Broker                    Tel: 020 7601 6118

This information is provided by RNS

The company news service from the London Stock Exchange

END

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October 20, 2016 08:52 ET (12:52 GMT)

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