Compliance with Model Code

HENDERSON INVESTMENT FUNDS LIMITED

HENDERSON ALTERNATIVE STRATEGIES TRUST PLC

1 April 2016

Henderson Alternative Strategies Trust plc ("the Company")

Compliance with Model Code

In accordance with Listing Rule 15.5.1 (4), the Company announces that it is satisfied that all inside information which the Directors and the Company may have to 31 March 2016 has previously been published or notified via a regulatory information service. Therefore the dealings referred to in Listing Rule 15.5.1 (3) are permitted.

The close period to which this relates is in respect of the six months ended 31 March 2016.

If, in the period leading up to the announcement of the half year results, the Directors of the Company come into possession of any inside information, this will be notified to a RIS before any such transactions are undertaken.

For further information please contact:

Ian Barrass James de Sausmarez

Fund Manager Director and Head of Investment Trusts

Henderson Alternative Strategies Trust plc Henderson Investment Funds Limited

Telephone: 020 7818 2964 Telephone: 020 7818 3349