TLI.L Regulatory News (TLI)



Alternative Asset Opportunities PCC Limited

The Board of Alternative Asset Opportunities PCC Limited wishes to announce that the net asset value per share of the US Traded Life Interests Fund as at 29th February 2012 was 72.3 pence. This represents no change from the NAV at 31st January 2012.

This month's revaluation of the portfolio has contributed a net 1.0 pence per share, of which the policy maturities previously announced had a positive impact of 0.9 pence per share. Exchange rate movements had a negative effect of 0.7 pence per share.

As at the end of February 2012, the Company had total borrowings, excluding the loss on the foreign exchange contracts due for settlement on 30th March 2012, of US$20,839,000. This does not take account of policy sales amounting to c.US$4.4 million that have been subsequently settled.

Subject to final sign-off by the Central Bank of Ireland, discussions with Allied Irish Banks about the renewal of the loan agreement have concluded. Once formally approved, this new agreement will enable the Company to settle its outstanding foreign exchange contracts, due for settlement on 30th March 2012, and will provide the necessary finance for the six months to 30th September 2012. However, if maturities remain low, the Company's debt will become higher than the Board feels is acceptable. Accordingly, and as highlighted in the half-yearly report, further action to reduce gearing or refinance the portfolio may be necessary.

Peter Ingram

Company Secretary

Tel: 020 7065 1467

21st March 2012