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Monday 24 July, 2006

Morley Alt.Inv.Strat

Results of meeting/Amendment

MorleyAlternativeInvStrat Fd PCC Ld
24 July 2006

Stock Exchange Announcement




For immediate release                                                         24 July 2006







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



Re:      Results of Class Meeting of the G7 Fixed Income Fund ('G7 Fund') and
Amendment to redemption terms of the Tranche 2 G7 Shares



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 passed on 21 July
2006 to:



approve the appointment of RBSI Trustee Services (Guernsey) Limited as Guernsey
Custodian with effect from 1 August 2006, subject to regulatory consent; and

approve the appointment of Mourant Guernsey Limited as Administrator and Company
Secretary with effect from 1 August 2006, subject to regulatory consent.



Amendment to Redemption Terms of Tranche 2 G7 Shares

The Board of Directors of the Company wishes to announce that the redemption
terms of the Tranche 2 G7 (£) Shares, the Tranche 2 G7 (€) Shares and the
Tranche 2 G7 ($) Shares (together, the 'Tranche 2 G7 Shares') have been amended.



The Redemption Dealing Days for Tranche 2 G7 Shares are amended so that the
Redemption Dealing Days shall be the last Business Day of each Month with a
dealing cut-off time for the redemption of Tranche 2 G7 Shares of 5.00p.m.
(London time) at least three Months before any Redemption Dealing Day.



The paragraph 'Dealing Days and Times' in Part III Dealing Procedures for
Investors of the Prospectus dated 26 May 2006 is amended to read as follows:

Dealing Days and Times

The Redemption Dealing Days for Tranche 2 G7 Shares shall be the last Business
Day of each Month or such other or additional Business Day or Business Days as
the Directors may from time to time determine, permanently or temporarily. There
will be at least one Redemption Dealing Day per Month, and if the Directors
change the Redemption Dealing Day other than temporarily, they shall give the
holders of Shares 14 days' written notice.



The dealing cut-off time for the redemption of Shares is as follows:


Redemption Notices for Tranche 2 G7 Shares:    5.00 p.m. (London time) at least three Months
                                               before any Tranche 2 Redemption Dealing Day.



Redemption Notices lodged by the cut-off time will be dealt with on the
succeeding Redemption Dealing Day.



The Guernsey Manager or its agent may in its absolute discretion decide to deal
with any Redemption Notice received after the cut-off time for any Redemption
Dealing Day on that Redemption Dealing Day.



The Guernsey Manager reserves the right to alter the above cut-off times if it
considers such alteration to be appropriate.





All other terms in relation to the Tranche 2 G7 Shares remain as described in
the Prospectus dated 26 May 2006.









Enquiries:




Goodbody Stockbrokers                                                          Ciara Bollard
                                                                               +353 1 6419414










This announcement has been issued through the Companies Announcement Service of

                            the Irish Stock Exchange




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