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 31 July 2009 was 92.5 pence.

The above NAV includes  an unrealised loss to  date of 2.8 pence  per
share as at  31 July  2009 that results  from marking  to market  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 of 2.8 pence per share as at 30 Jun 2009.

Kleinwort Benson (Channel Islands) Fund Services Limited
Company Secretary

Tel: 01481 727111
Fax 01481 716762

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