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Monday 03 March, 2008

Morley Alt.Inv.Strat

Results of Class Meeting

MorleyAlternativeInvStrat Fd PCC Ld
03 March 2008

                          Stock Exchange Announcement

For immediate release
                                             03 March 2008

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

            G7 Fixed Income Fund Cell (the 'Sub-fund' or 'G7 Fund')

                          Re: Results of Class Meeting

The Board of Directors of the Company (the 'Board') wishes to announce the
shareholders of the G7 Fund resolved by Ordinary Resolution on 29 February 2008
to amend the investment policies and restrictions of the G7 Fund as follows:

1)      Include an investment policy (f): 'The G7 Fund may gain exposure to
commodities via swaps, options or futures linked to commodity indices.'

2)      Include an investment policy (g): 'The G7 Fund may invest in short,
medium or long-term bank deposits in any currency or deal in certificates of
deposit and the full range of money market instruments.'

3)      Amend investment restriction (b) to: 'No more than 20 per cent of the
value of the Gross Assets of the G7 Fund may be lent to or invested in the
securities of any one issuer. This does not apply to securities issued or
guaranteed by a government, government agency or instrumentality of any member
state or OECD Member State or by any supranational authority of which one or
more EU or OECD Member States are members, and any other state approved for such
purpose by the Irish Stock Exchange. No more than 20 per cent of the value of
the Gross Assets of the G7 Fund may be exposed to the creditworthiness or
solvency of any one counterparty (other than the Prime Broker). '

4)      Amend investment restriction (f) to: 'At least 80 per cent of the
investments in the G7 Fund may be liquidated within two days (determined based
on the average liquidity of the stock over the 12 months immediately before the
time the investment is made).'

                     Goodbody Stockbroker

Aisling Murphy

                                        +353 1 6419151

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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