FCAP Finncap Group Plc

    RNS Number : 0880C
  FRM Credit Alpha Limited
  27 August 2008
   

    COMPANY ANNOUNCEMENT
 For Immediate Release  27 August 2008
 1784441
    FRM Credit Alpha Fund Limited
    (the "Company")
    Re: Restatement of Net Asset Value per Share

    The Board of FRM Credit Alpha Limited (the "Company") announces that the net asset values per share (the "NAVs") that were published as
of 31 May 2008 and 30 June 2008 were incorrect due to an accounting error in the application of foreign exchange rates used in calculating
the NAVs. The NAVs in question are, therefore, being restated to correct these errors. The published NAVs and the restated NAVs are set out
below.

        31 May 2008    30 June 2008
    Published NAV    116.4 pence per share    119.9 pence per share
    Restated NAV    116.7 pence per share    119.1 pence per share
 Enquiries:

 Financial Risk Management                    Greg Taylor/Luke Burdess
                                              Phone: + 44 20 7968 6000


 McCann FitzGerald Listing Services Limited                Tony Spratt
                                                Phone: +353 1 607 1367


    These valuations, which have been prepared in good faith by the Company's Administrator, are based principally on formal valuations
supplied to the Company by the administrators of the Company's underlying investments. Such valuations or estimates are unaudited and may
not comply with generally accepted accounting or valuation principles.




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

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