Director's Shareholding

FRM Credit Alpha Limited
27 August 2007


Company name           FRM Credit Alpha Limited
Headline               Director's Holding(s) in Company


FRM Credit Alpha Limited

27 August 2007

FRM Credit Alpha Limited reports that it has been advised by Richard Hotchkis,
Director, of a purchase of 10,000 ordinary sterling shares on 24th August 2007
at 109.39 pence per share. Mr Hotchkis' shareholding in the Company equates to
0.022% of the total shares in issue. Mr Hotchkis is the registered shareholder
of the purchased shares.




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