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Thursday 15 February, 2007

Morley Alt.Inv.Strat

Delisting of Shares

MorleyAlternativeInvStrat Fd PCC Ld
15 February 2007

Stock Exchange Announcement




For immediate release                                                              15 February 2007






Morley Alternative Investment Strategy Fund PCC Limited (the 'Fund')



G7 Fixed Income Fund Cell (the 'G7 Fund')

Central European Long Short Cell ('CELS')





(Re:     Delisting of Shares on the Official List of the Irish Stock Exchange)





The Board of Directors (the 'Board') of the Fund wishes to announce that it has
applied to the Irish Stock Exchange to delist the following series of shares of
the G7 Fund and the CELS Fund ( the 'Shares') from the Official List.



Tranche 1 G7 (£) Shares - Series 3b

Tranche 1 G7 ($) Shares - Series 3b

Tranche 1 G7 (£) Shares - Series 4b

Tranche 1 G7 ($) Shares - Series 4b

Tranche 1 G7 (GBP) Shares - Series 5b

Tranche 1 G7 (USD) Shares - Series 5b

Tranche 1 G7 ($) Shares - Series 6b

Tranche 1 G7 EUR Shares - Series 5b

Tranche 1 G7 EUR Shares - Series 6b

Tranche 1 G7 USD Shares - Series 7b

Tranche 1 G7 GBP Shares - Series 6b

Tranche 1 G7 USD Shares - Series 8b

Tranche 1 G7 EUR Shares - Series 7b of the G7 Fund and the



CELS ($) Shares - Series 2 of the CELS fund



Application has been made for the Shares of the Fund to be removed from the
Official List of the Irish Stock Exchange and the Exchange has agreed that the
Shares be delisted with effect from today.





Enquiries:


Goodbody Stockbrokers                                                             Ciara Bollard

                                                                                  +353 1 641 9414
















This announcement has been issued through the Companies Announcement Service of



                            The Irish Stock Exchange




                      This information is provided by RNS
            The company news service from the London Stock Exchange                                                                                                                      

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