Extension of Loan Agreement (2080Z)

TIDMTLI TIDMALBK

RNS Number : 2080Z

Alternative Asset Opps PCC Ltd

10 January 2011

Alternative Asset Opportunities PCC Limited

Extension of Loan Agreement

The Board of Alternative Asset Opportunities PCC Limited ("the Company") announces that the Company's existing bilateral loan agreement ("the Agreement") with Allied Irish Banks, p.l.c., which expires on 31st January 2011, has been extended to 31st July 2011 and provides the Company with further funding of US$6 million.

Taking into account the receipt of funds from recently announced policy maturities, the amount drawn down under the Agreement currently totals approximately US$24.8 million. The valuation of the Company's portfolio of policies as at 30th November 2010 was approximately US$85.5 million. The Board currently intends to seek an extension of this facility around the time of the Company's financial year end in June 2011.

Peter Ingram

Company Secretary

Tel: 020 7065 1467

10th January 2011

This information is provided by RNS

The company news service from the London Stock Exchange

END

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