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 29 May 2009 was 88.80 pence.

The above NAV includes an unrealised loss to date of 2.4 pence per
share as at 29 May 2009 that results from making to markets the
Company's foreign exchange positions, these notably being the forward
sales of US dollars maturing in 2012. This loss to date compares with
a loss to date 2.2 pence per share as at 30 April 2009.

The Company has recently been notified of a further policy maturity.
The benefit of this, which is expected to amount to approximately 4.8
pence per share, will be included in the Company's NAV as at 30 June
2009.

Kleinwort Benson (Channel Islands) Fund Services Limited
Company Secretary

Tel: 01481 727111
Fax: 01481 716762

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