TLI.L Regulatory News (TLI)

US TRADED LIFE INTERESTS FUND

(the "Fund")

a cell of

ALTERNATIVE ASSET OPPORTUNITIES PCC LIMITED

(the"Company")

Circular relating to an extraordinary general meeting of the Company

26 August 2011

The Company announces that it has posted a circular containing a notice of an extraordinary general meeting of the Company ("EGM") to shareholders of the Company (the "Circular") in connection with the proposed change of the investment policy of the Fund and amendment to the Company's Articles of Incorporation. The EGM is to be held on 20 September 2011 at 9.30 a.m. at 155 Bishopsgate, London EC2M 3AD.

The Circular sets out proposals: (i) to amend the Fund's investment policy such that the Company will no longer hedge the currency exposure of the Fund's assets into Sterling, and (ii) to amend the Company's Articles of Incorporation in order to increase the limit on the Fund's borrowings (the "Proposals"). The Proposals are subject to Shareholder approval at the EGM.

The Company is required to settle its outstanding US Dollar contracts on 30 March 2012. To do so, and in the absence of significant TLI policy maturities in the next seven months, the Company is likely to need to increase the Fund's borrowings above the limit set out in the Company's Articles of Incorporation. The Company is therefore seeking Shareholder approval for an amendment to its Articles of Incorporation, in order to increase the Fund's borrowing limit from 50 per cent. to 75 per cent. of its Net Asset Value.

Copies of the Circular are available on the Company's website at the following link.

www.rcm.com/investmenttrusts/investors_tlif.php

Please click on, or paste, the above link into your web browser, to view the associated PDF document.

Copies of the Circular have also been submitted to the National Storage Mechanism and will shortly be available for inspection at: www.hemscott.com/nsm.do.

A draft of the Company's new Articles of Incorporation proposed for approval at the EGM will be available for inspection at the offices of Herbert Smith LLP, Exchange House, Primrose Street, London EC2A 2HS during normal business hours on any Business Day from the date of this document until the conclusion of the EGM. The draft new Articles of Incorporation will also be available for inspection 15 minutes prior to, and during, the EGM at 155 Bishopsgate, London EC2M 3AD.

Unless otherwise defined in this announcement, defined terms contained herein shall have the meaning give to them in the Circular.

Enquiries:

Peter Ingram, Company Secretary, Tel: 020 7065 1467