25 October 2013 ALPHA PYRENEES TRUST LIMITED ("ALPHA PYRENEES TRUST" OR THE "TRUST") UPDATE ON CURRENCY HEDGE LIABILITY SETTLEMENT

Further to the announcement on 14 October 2013 with regards to the settlement of the Trust's currency hedges, the Board of Alpha Pyrenees Trust is pleased to report that, following positive progress in the on-going discussions with its hedge counterparty (Barclays Bank PLC/"Barclays"), the Trust has agreed to move the scheduled repayment date from 25 October 2013 to 18 November 2013. By this date, the Trust plans to have secured a longer term arrangement with Barclays. Barclays currently provide finance secured against the majority of the Trust's property portfolio.

Contact: Dick Kingston

Chairman, Alpha Pyrenees Trust 01481 231 100

Paul Cable

Fund Manager, Alpha Real Capital LLP 020 7268 0300
For more information on the Trust please visit www.alphapyreneestrust.com.
For more information on the Trust's Investment Manager please visit www.alpharealcapital.com.

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Alpha Pyrenees Trust Limited is advised by Alpha Real Capital LLP, which is authorised and regulated by the Financial Conduct Authority in the United Kingdom Registered office Old Bank Chambers La Grande Rue St Martin's Guernsey GY4 6RT
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