Shareholder Update

Alternative Asset Opportunities PCC Limited

(the "Company")

26 October 2016

Shareholder Update

The Board advises that as at the close of business on 21 October 2016, three policies had been fully transferred to the purchaser, Vida Longevity L.P and aggregate funds of US$2.7 million had been received. Funds received include the refund of associated premium payments made since the risk transfer date of 12 September to keep the policies valid and in effect. There are 77 policies remaining in the transfer process and transfer completions are expected to take place in batches on a weekly basis.

In accordance with the Board's cash policy, US$3 million has today been converted into Sterling.

Enquiries:

Tracey Lago

Company Secretary Tel: 020 3246 7405