EGM Statement

Alpha Pyrenees Trust Limited
05 February 2007



                          ALPHA PYRENEES TRUST LIMITED
                   ('Alpha Pyrenees Trust' or the 'Company')

                    RESULT OF EXTRAORDINARY GENERAL MEETING


5 February 2007


Alpha Pyrenees Trust is pleased to announce that at the Extraordinary General
Meeting, convened earlier today, the resolution proposed to re-classify the
Company's listing from that of a property investment company listed under
Chapter 15 of the Listing Rules to that of an overseas company listed under
Chapter 14 of the Listing Rules together with amendments to the Company's
investment policy (details of which were described in a circular to shareholders
dated 15 January 2007) was duly passed.

Shareholders should note that the re-classification will become effective on
Tuesday 13 February 2007.

The results of the proxy votes lodged in advance of the meeting are set out
below:


For                     70,799,874

Discretionary           Nil

Against                 3,929,376

Withheld                482,710


The votes in favour of the resolution represent 55.5% of the issued share
capital of the Company and 94.1% of the votes cast.


A copy of the resolution passed at the Extraordinary General Meeting will be
submitted to the Financial Services Authority ('FSA') and will shortly be
available for inspection at the FSA Document Viewing Facility, which is situated
at:


Financial Services Authority
25 The North Colonnade
Canary Wharf
London
E14 5HS


Tel no: [phone]



Enquiries:


Alpha Pyrenees Trust Limited
Richard Kingston, Chairman                                    01481 715601



Alpha Real Capital LLP (Investment Manager to the Company)
Phillip Rose, Chief Executive                                 020 7591 1609





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