Net Asset Value(s)

Alternative Asset Opportunities PCC Limited (the "Company")

16 August 2012

The Board of Alternative Asset Opportunities PCC Limited (the "Company") announces that the net asset value of the US Traded Life Interests Fund as at 31 July 2012 was 80.3 pence per share. This represents an increase of 6.3 pence per share from the NAV at 29 June 2012.

It is estimated that exchange rate movements had a positive impact during the month of 0.1 pence per share. The above valuation also recognises a profit of 7.3 pence per share on the two policy maturities, on one life, with a combined face value of US$7.5 million, previously announced. There are currently no outstanding maturities to be accounted for.

The Company had total borrowings of US$24,710,000 as at 31 July 2012. At that date the Company had not received any proceeds from the maturities referred to above.

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