TAPESTRY INVESTMENT COMPANY PCC LIMITED
   (a closed-ended protected cell company incorporated with limited liability
                   in Guernsey with registered number 42750)
               TAPESTRY INVESTMENT COMPANY ? MULTI-STRATEGY (GBP)


6 January 2010

                              Portfolio Disclosure

Tapestry  Investment Company PCC Limited  (the?Company?) announces today that as
at 31 December 2009, the Company?s top ten holdings were:

  Elliott International, Ltd.                      11.84%(e)

  Goldman Sachs Investment Partners Offshore, LP   10.98%(e)

  Millennium International, Ltd.                    6.85%(e)

  Pershing Square International, Ltd.               6.53%(e)

  SAC Multi Strategy Fund, Ltd.                     6.40%(e)

  Brevan Howard Fixed Income, Ltd.                  6.27%(e)

  Mast Credit Opportunities I, Ltd.                 6.01%(e)

  Cerberus International, Ltd.                      5.70%(e)

  Atlas Global Investments, Ltd                     5.09%(e)

  Brevan Howard Asia Fund, Ltd.                     5.03%(e)


Additionally, 11.3% of the Company?s assets are represented by cash.

Following  full and partial redemptions of certain holdings which took effect on
1 January  2010, the Company?s  top ten  holdings as  at 1 January  2010 were as
follows:

  Millennium International, Ltd.               6.76%(e)

  Pershing Square International, Ltd.          6.45%(e)

  SAC Multi Strategy Fund, Ltd.                6.37%(e)

  Cerberus International, Ltd.                 5.07%(e)

  Brevan Howard Fixed Income, Ltd.             4.69%(e)

  Blue Mountain Credit Alternatives, Ltd.      4.11%(e)

  Brevan Howard Asia Fund, Ltd.                3.77%(e)

  The Children's Investment Fund, Ltd.         1.96%(e)

  GSO Special Situations Overseas Fund, Ltd.   1.27%(e)

  Lenado Offshore, Ltd.                        1.06%(e)



(e)   Denotes  estimated  holding  amount  based  on  information  available  to
investment  adviser (or general  partner) as of  applicable month end  as a % of
NAV.


Enquiries:

  Ramius
                                   +44 (0) 20 7016 4201
  Anthony Simpson                  +1 212 845 7939
  Hiren Patel



  Collins Stewart Europe Limited   +44 (0) 20 7523 8360
                                   +44 (0) 20 7523 8363
  Lucy Lewis
  Andrew Zychowski


Kleinwort Benson (Company Secretary)

Ann Spelman+44 (0) 1481 752441
Patrick Ogier+44 (0) 1481 752511
Collins  Stewart  Europe  Limited,  which  is  authorised  and  regulated by the
Financial  Services  Authority,  is  acting  for Tapestry Investment Company PCC
Limited and for no-one else in connection with the contents of this announcement
and will not be responsible to anyone other than Tapestry Investment Company PCC
Limited  for providing the protections afforded  to customers of Collins Stewart
Europe  Limited, or  for affording  advice in  relation to  the contents of this
announcement  or any matters referred to herein.  Collins Stewart Europe Limited
is  not responsible for  the contents of  this document.  Collins Stewart Europe
Limited  has given and  not withdrawn its  written consent to  the issue of this
announcement  with the inclusion  of the reference  to its name  in the form and
context in which it is included.


[HUG#1370885]