Compliance with Model Code

26 May 2010

Bramdean Alternatives Limited ("the Company")

The Company announces that it is satisfied, by virtue of the points listed below, that all inside information which the Directors and the Company may have in the period leading up to the Announcement of the Annual Financial Report, has been, and will be, notified to a Regulated Information Service ("RIS") and that the Company is thereby exempted from the provisions of the Model Code in relation to closed periods for any dealings by persons discharging managerial responsibilities in the Company and any purchases by the Company of its own securities.

In so stating the Company has regard to;

1) the announcement on 25 May 2010 of the unaudited Net Asset Values per share as of the close of business on 30 April 2010;

2) the Company's practice of calculating Net Asset Values per share on a monthly basis and the announcement of these Net Asset Values to an RIS; and

3) there being no other unpublished information which constitutes price sensitive information in respect of the Company's securities;

This announcement is issued pursuant to paragraph 15.5.1 of the FSA Listing Rules.

Bramdean Alternatives LimitedJonathan Carr, Chairman, 01242 890287

Aberdeen Asset ManagementJames Thorneley, Aberdeen Asset Management, 020 7463 6323 Neil Bennett/Charlotte Walsh, Maitland, 020 7379 5151

Matrix Corporate Capital LLPPaul Fincham/Robert Naylor, 020 3206 7175

End.