TIDMFCAP 
 
RNS Number : 8989R 
FRM Credit Alpha Limited 
07 May 2009 
 

THIS COMMUNICATION IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO 
THE UNITED STATES, CANADA, JAPAN, SOUTH AFRICA OR AUSTRALIA. 
 
 
 
 
FRM Credit Alpha Limited (the 'Company') 
 
 
7 May 2009 
 
 
Tender Offer and Introduction of Annual Redemption Facility 
 
 
Further to the announcement made by the Company on 18 February 2009, a Circular 
has been posted to Shareholders convening an Extraordinary General Meeting to be 
held at Trafalgar Court, Admiral Park, St Peter Port, Guernsey, GY1 4 HG at 3.00 
p.m. on 3 June 2009 at which resolutions will be put to enable the Company to 
conduct a Tender Offer for up to 20 per cent. of its shares at the 30 June 2009 
Net Asset Value less costs (capped at 2 per cent.). Shareholders will also be 
asked to approve amendments to the Company's Articles of Incorporation which 
will introduce an annual discretionary Redemption Facility and provide for a 
continuation vote to be put to the Company's annual general meeting in 2011. 
 
 
Copies of the Circular have been submitted to the UK Listing Authority and will 
shortly be available at the UK Listing Authority's Document Viewing Facility 
which is situated at: 
 
 
Financial Services Authority 
25, The North Colonnade 
Canary Wharf 
London 
E14 5HS 
 
 
Enquiries: 
 
 
Greg Taylor/Luke Burdess, Financial Risk Management 020 7968 6000 
 
 
Darren Willis, Winterflood Investment Trusts 020 3100 0258 
 
 
Unless otherwise defined, terms used in this announcement have the same meaning 
as in the circular relating to FRM Credit Alpha Limited dated 29 April 2009. 
 
 
This announcement is an advertisement and not a prospectus and is not an offer 
to sell or a solicitation of any offer to buy any securities in the United 
States or in any other jurisdiction. 
 
 
The issuer has not been and will not be registered under the US Investment 
Company Act of 1940, as amended (the "Investment Company Act"). In addition, the 
shares have not been and will not be registered under the US Securities Act of 
1933, as amended (the "Securities Act"). Consequently, the shares may not be 
offered, sold or otherwise transferred within the United States or to, or for 
the account or benefit of, US persons except in accordance with the Securities 
Act or an exemption therefrom and under circumstances which will not require the 
issuer to register under the Investment Company Act. No offering of the shares 
will be made in the United States. 
 
 
Neither this document nor anything contained herein shall form the basis of, or 
be relied upon in connection with, any offer or commitment whatsoever in any 
jurisdiction. 
 
 
This communication is issued in the UK by Financial Risk Management Limited 
which is authorised and regulated by the Financial Services Authority and whose 
office is at 15 Adam Street, London WC2N 6AH. 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 CIRUBANRKARVRAR 
 

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