Company Update

HENDERSON ALTERNATIVE STRATEGIES TRUST PLC

HENDERSON INVESTMENT FUNDS LTD

LEGAL ENTITY IDENTIFIER: 213800J6LLOCA3CUDF69

24 April 2019

HENDERSON ALTERNATIVE STRATEGIES TRUST PLC (the "Company")

Investment Manager

The Company's Board is pleased to report that Alex Barr will work as Senior Manager alongside James de Bunsen and Peter Webster. Janus Henderson Investors (the "Manager") has appointed Alex Barr to join its UK Multi-Asset and Alternatives team in London and he will be starting in July 2019. Alex will be co-manager on a number of Janus Henderson Multi-Asset Alternatives funds, including the Company.

Alex joins from Aberdeen Standard Investment Management, where he was Global Head of Private Markets and Real Estate Investment Oversight. Alex has 26 years of experience in financial markets, specialising in alternative assets. Alex also held the role of Head of Private Equity at Aberdeen Asset Management and lead manager of Aberdeen Private Equity Fund Ltd.

Commenting on the appointment, Richard Gubbins, Chairman of the Company said: "We are delighted that someone of Alex's calibre and seniority will be joining our portfolio management team. The combination of Alex and our existing team of James de Bunsen and Peter Webster will be formidable and positions us well for the future"

The Board will be providing a full update on the Company's performance at the time of the results announcement for the eighteen-month period to 31 March 2019. This will be released to the market during the week commencing 17 June 2019.

For further information please contact:

Richard Gubbins

Chairman

Henderson Alternative Strategies Trust plc

Telephone: 020 7818 2025

James de Sausmarez

Director and Head of Investment Trusts

Henderson Investment Funds Limited

Telephone: 020 7818 3349

James de Bunsen

Fund Manager

Henderson Alternative Strategies Trust plc

Telephone: 020 7818 3869