Regulatory News

27 July 2012

Pacific Alliance Asia Opportunity Fund Limited

Share Dealings

Pacific Alliance Asia Opportunity Fund Limited ("PAX" or the "Company") (AIM: PAX), the closed-end investment company admitted to trading on AIM, today announces the following share dealings for Pacific Alliance Investment Management Limited ("PAIM"), the Company's investment manager.

PAIM Trading Limited, a wholly-owned subsidiary of PAIM purchased a total of 1,155,425 of the Company's ordinary shares of US$0.01 each ("Ordinary Shares") in the following tranches: 8,725 shares on 19 July 2012 at US$1.14 per Ordinary Share and 1,146,700 shares on 24 July 2012 at US$1.173 per Ordinary Share.

As a result of these transactions, PAIM and its affiliates are interested in 13,323,640 of the Company's Ordinary Shares which represents 11.02 per cent. of the Company's total voting rights.

As a result of PAIM's interest in the Company, Mr. Christopher Gradel and Mr. Anthony Miller, directors of the Company, have a direct interest in 5,532,703 and 1,137,039 Ordinary Shares, representing 4.57 per cent. and 0.94 per cent, respectively. of the Company's total voting rights, and each has an indirect interest in 13,323,640 of the Company's Ordinary Shares, representing 11.02 per cent. of the Company's total voting rights held by PAIM and its affiliates. 

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About Pacific Alliance Asia Opportunity Fund Limited

The Pacific Alliance Asia Opportunity Fund Ltd (AIM: PAX) is a closed-end investment company with net assets of US$183.96 million as at 30 June 2012. PAX was admitted to trading on the AIM Market of the London Stock Exchange in September 2006. PAX is focused on investing in distressed credit, private equity secondaries, activist investments and other opportunities offering the possibility of unlocking the underlying value of a company or asset across the Asian markets.

For more information about Pacific Alliance Asia Opportunity Fund Limited, please visit: www.pax-fund.com

Pacific Alliance Asia Opportunity Fund Limited is a member of PAG (formerly known as Pacific Alliance Group), the Asian alternative investment fund management group. Founded in 2002, PAG is now one of the region's largest Asia-focused alternative investment managers, with funds under management across Private Equity, Real Estate and Absolute Return strategies.

PAG has a presence across Asia with over 290 staff working in the region.

For more information about PAG, please visit: www.pagasia.com