Net Asset Value(s)

Alternative Asset Opportunities PCC Limited (the "Company")

15 September 2014

The Board of Alternative Asset Opportunities PCC Limited (the "Company") announces that the net asset value of the US Traded Life Interests Fund at 31 August 2014 was 42.8 pence per share. This represents a decrease of 1.9 pence per share from the NAV at 31 July 2014. It is estimated that exchange rate movements during the month had a positive impact of approximately 0.7 pence per share and the NAV reduction reflects the capital return to shareholders of 2.0p per share (approximately $2.4m) which was paid on 8 August 2014. The Company's borrowings as at 31 August 2014 showed a nil balance. Net cash, taking into account cash balances and capital debtors, amounted to US$990,002.

The NAV and net cash balance do not reflect the maturity on one life announced on 13 August 2014 which had a face value of US$2,500,000 and is estimated to have a positive impact on NAV of approximately 1.3 pence per share.

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