Change of accounting reference date

FRM Credit Alpha Limited (the 'Company')

Change of accounting reference date

The Company announces that its accounting reference date has changed from 30 June to 31 December. Accordingly, the 12-month accounting period which would have ended on 30 June 2013 has been extended to an 18-month accounting period ending on 31 December 2013.

Enquiries:

Chris Pyper

Financial Risk Management Limited

020 7144 3682

Jane Lewis

Winterflood Investment Trusts

020 3100 0295