Home Member State

25 February 2016

ALPHA PYRENEES TRUST LIMITED

("ALPHA PYRENEES" OR THE "TRUST")

HOME MEMBER STATE

Alpha Pyrenees Trust Limited announces that, following changes made to the Disclosure Rules and Transparency Rules ("DTR") as a result of the Transparency Directive Amending Directive (2013/50/EU), the Trust is required to disclose its Home State. Accordingly, in accordance with DTR 6.4.2, the Trust announces that its Home State is the United Kingdom.

For further information:

Dick Kingston, Chairman, Alpha Pyrenees Trust Limited 01481 231100

Paul Cable, Fund Manager, Alpha Real Capital LLP 020 7391 4700

For more information on the Trust, please visit www.alphapyreneestrust.com.