Alternative Asset Opportunities PCC Limited

The Board of Alternative Asset Opportunities PCC Limited wish to announce that
the net asset value per share of the US Traded Life Interests Fund as at 30th
November 2006was102.30 pence.

As in recent months, the most significant factor in the fall in NAVE during
November was that, on a mark to market basis, there was an adverse change in
the comparative spot and forward sterling/US dollar exchange rates as applied
to the Company's hedged currency positions. In addition, there was a fall in
the market valuation of the existing policies in portfolio.

Contact:

Ian Hancock (Tel. 01481 709677)

Kleinwort Benson (Channel Islands) Fund Services Limited

Company Secretary



END



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