Tender Offer update - Amended

7 Aug 2009 10:19



FRM Credit Alpha Limited (the 'Company')

7 August 2009

The Tender Price stated in the Company's Tender Offer Update announcement released on 29th July 2009 at 16.19 under RNS No 5150W is amended due to an administrative error.

The Tender Price previously stated as 90.6 pence per validly tendered share has been recalculated and is restated as 90.1 pence per validly tendered share.

All other terms of the Tender Offer remain unchanged.

Enquiries:

Mark Shaw 

Financial Risk Management Limited

020 7968 6141

Jane Lewis

Winterflood Investment Trusts

020 3100 0295