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Tuesday 02 December, 2003


Re: Resignation of Director

Hibernian Alternative StrategiesTst
02 December 2003


For Immediate Release
                       02 December, 2003

Hibernian Alternative Strategies Trust

(the 'Trust')

Re:  Resignation of Director

The Directors of Hibernian Investment Finance Limited (the 'Manager'), the
manager of the Trust, wish to announce the resignation of Mr. Gary Owens from
the Board of Directors of the Manager, in order to pursue other business
interests, with effect from 1 July, 2003.

This change was not previously disclosed to the Irish Stock Exchange due to an
administrative oversight.


Hibernian Investment Finance Limited                Martin Nolan                            +353 1 607 0950

J & E Davy                                          Kate Fagan                              +353 1 614 9956

This announcement has been issued through the Companies Announcement Service of

The Irish Stock Exchange

                      This information is provided by RNS
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