TR-1 (i) NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached (ii):

Alternative Asset Opportunities PCC Limited

2. Reason for the notification                                  State          
                                                                Yes/No         
                                                                               
An acquisition or disposal of voting rights                      Yes           
                                                                               
An acquisition or disposal of financial instruments               No           
which may result in the                                                        
acquisition of shares already issued to which voting                           
rights are attached                                                            
                                                                               
An event changing the breakdown of voting rights                  No           
                                                                               
Other (please specify):                                           No           

3. Full name of person(s) subject to the notification    Allied Irish Banks,   
obligation (iii):                                      p.l.c. and subsidiaries 
                                                                               
4. Full name of shareholder(s) (if different from 3.)   See attached list of   
(iv):                                                  Registered shareholders 
                                                                               
5. Date of the transaction (and date on which the       Monday 7 January 2008  
threshold is crossed                                                           
or reached if different) (v):                                                  
                                                                               
6. Date on which issuer notified:                      Monday 14 January 2008  
                                                                               
7. Threshold(s) that is/are crossed or reached:                  10%           
                                                                               
8. Notified details:                                          See Below        

A: Voting rights attached to shares

Class/type of Situation previous    Resulting situation after the triggering   
   shares             to                        transaction (vii)              
 if possible    the Triggering                                                 
  using the    transaction (vi)                                                
  ISIN CODE                                                                    
                                                                               
               Number    Number    Number    Number of voting    % of voting   
                 of        of        of        rights (ix)          rights     
               Shares    Voting    shares                                      
                         Rights                                                
                         (viii)                                                
                                                                               
                                   Direct    Direct   Indirect Direct  Indirect
                                               (x)      (xi)                   
                                                                               
 Redeemable   3,875,000 3,875,000 4,625,000 4,625,000   nil    11.56%    nil   
 Preference                                                                    
   Shares                                                                      
                                                                               
Sedol 3435342                                                                  
                                                                               

B: Financial Instruments

Resulting situation after the triggering transaction (xii)

   Type of     Expiration       Exercise/        Number of voting       % of   
  financial    date (xiii)      Conversion      rights that may be     voting  
 instrument                 Period/ Date (xiv)    acquired if the      rights  
                                                    instrument                 
                                                   is exercised/               
                                                     converted                 
                                                                               

Total (A+B)                                                                    
                                                                               
Number of voting rights                 % of voting rights                     
                                                                               
4,625,000                               11.56%                                 

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable (xv):

List of registered holders is attached. All registered holders are under the   
direct control of Allied Irish Banks, p.l.c. and its subsidiaries.             

Proxy Voting:


10. Name of the proxy holder:                                 N/A              
                                                                               
11. Number of voting rights proxy holder will cease to hold:  N/A              
                                                                               
12. Date on which proxy holder will cease to hold voting      N/A              
rights:                                                                        

13. Additional information:                                                    
                                                                               
14. Contact name:                                             Tanya Barry,     
                                                              Assistant        
                                                              Secretary        
                                                                               
                                                              Allied Irish     
                                                              Banks plc        
                                                                               
                                                              Bankcentre       
                                                              Ballsbridge      
                                                                               
                                                              Dublin 4         
                                                                               
15. Contact telephone number:                                 00353 1 6412348  

Annex Notification Of Major Interests In Shares (xvi)


A: Identity of the person or legal entity subject to the                       
notification obligation                                                        
                                                                               
Full name (including legal form for legal entities)           Allied Irish     
                                                              Banks plc        
                                                                               
Contact address (registered office for legal entities)        Office of the    
                                                              Secretary, Allied
                                                              Irish Banks plc  
                                                                               
                                                              Bankcentre       
                                                                               
                                                              Ballsbridge      
                                                                               
                                                              Dublin 4         
                                                                               
Phone number                                                  353 1 6600311    
                                                                               
Other useful information (at least legal representative for                    
legal persons)                                                                 
                                                                               
B: Identity of the notifier, if applicable (xvii)                              
                                                                               
Full name                                                     Tanya Barry      
                                                                               
Contact address                                               Allied Irish     
                                                              Banks plc        
                                                                               
                                                              Bankcentre       
                                                              Ballsbridge      
                                                                               
                                                              Dublin 4         
                                                                               
Phone number                                                  00353 1 6412348  
                                                                               
Other useful information (e.g. functional relationship with   Assistant        
the person                                                    Secretary, Allied
or legal entity subject to the notification obligation)       Irish Banks plc  

Schedule of Registered Holders

Registered Holder          Class of Security          No. of Shares Held       
                                                                               
HSBC Global Custodian      Redeemable Preference      4,625,000                
Nominee (UK) Limited       Shares                                              

C: Additional information



Kleinwort Benson (Channel Islands) Fund Services Limited

Company Secretary

01481 727111 



END



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