RNS Number:8987Y
FRM Credit Alpha Limited
22 June 2007


Dear Sir/Madam,

I wish to advise as of the 31st May 2007, the Net Asset Value for FRM Credit
Alpha Fund Ltd Class A GDP is #1.019.


Kind Regards,

JP Morgan Hedge Fund Services


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END
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