Directorate Change

21 February 2013

Alternative Asset Opportunities PCC Limited

(the "Company")

Directorate Change

The Company announces the resignation from the Board of Mr Saad Zein with effect from 20 February 2013. The Board would like to express its thanks for his valuable contribution to the affairs of the Company during his time as a Director.

The Company also announces with great pleasurethe appointment of Mr Tim Emmott to the Board as a UK resident Director.

Mr Emmott has over 35 years' experience in banking and investment in a variety of analytical, trading and management roles. He has been involved in investing in distressed, illiquid and alternative financial assets for the past 20 years.

Mr Emmott has the following directorship that needs to be disclosed under Listing Rule 9.6.13:-

Economic Lifestyle Property Investment Company Limited (Listed on the Channel Islands Stock Exchange).

For further information please contact:

Peter Ingram

Company Secretary

00 44 (0)207 065 1467