Net Asset Value(s)

RNS Number : 0880C

FRM Credit Alpha Limited

27 August 2008

 



COMPANY ANNOUNCEMENT

For Immediate Release 1784441

27 August 2008

FRM Credit Alpha Fund Limited

(the 'Company')

Re: Restatement of Net Asset Value per Share

The Board of FRM Credit Alpha Limited (the 'Company') announces that the net asset values per share (the 'NAVs') that were published as of 31 May 2008 and 30 June 2008 were incorrect due to an accounting error in the application of foreign exchange rates used in calculating the NAVs. The NAVs in question are, therefore, being restated to correct these errors. The published NAVs and the restated NAVs are set out below.

    31 May 2008    30 June 2008

Published NAV    116.4 pence per share    119.9 pence per share

Restated NAV    116.7 pence per share    119.1 pence per share

Enquiries:
Financial Risk Management	Greg Taylor/Luke Burdess Phone: + 44 20 7968 6000
McCann FitzGerald Listing Services Limited	Tony Spratt Phone: [phone]

These valuations, which have been prepared in good faith by the Company's Administrator, are based principally on formal valuations supplied to the Company by the administrators of the Company's underlying investments. Such valuations or estimates are unaudited and may not comply with generally accepted accounting or valuation principles.

 

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