Alternative Liq Regulatory News (ALF)

22 December 2020

Alternative Liquidity Fund Limited

Proposed Transfer to the Specialist Fund Segment

Result of Extraordinary General Meeting

The Board of Alternative Liquidity Fund Limited ("ALF" or the "Company") is pleased to announce the results of the Extraordinary General Meeting ("EGM") which was held earlier today. As announced on 8 December 2020, the EGM had been convened to approve the transfer of ALF's ordinary shares ("Shares") to the Specialist Fund Segment of the London Stock Exchange and cancellation of the Company's admission to the Premium Segment of the Official List.

The Resolution, which was subject to approval being obtained from a majority of not less than 75 per cent. of all Shareholders voting in person or by proxy at the EGM, was passed by way of a poll.

The Company will now apply to cancel the listing of its ordinary shares on the Premium Segment of the Official List and to trading on the Main Market and will seek admission of its ordinary shares to trading on the Specialist Fund Segment of the London Stock Exchange.

It is expected that the last day of dealings in the Shares on the premium segment of the Main Market will be 22 January 2021 and the Proposed Transfer and Cancellation will take effect at 8.00 a.m. on 25 January 2021, being not less than 20 Business Days from the passing of the Resolution. Accordingly, admission of the Shares to trading on the Specialist Fund Segment is expected to take place, and dealings in Shares are expected to commence on the Specialist Fund Segment, at 8.00 a.m. on 25 January 2021.

Terms used and not defined in this announcement bear the meaning given to them in the Circular published on 8 December 2020.

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