Notification of major interest in shares

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached:

ALTERNATIVE INVESTMENT STRATEGIES LIMITED

2. Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

X

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other: Update to Total Voting Rights figure triggered this notification

X

3. Full name of person(s) subject to thenotification obligation:

Prudential plc group of companies

4. Full name of shareholder(s)  (if different from 3.):

See attached schedule

5. Date of the transaction and date onwhich the threshold is crossed orreached:

28 April 2011

6. Date on which issuer notified:

03 May 2011

7. Threshold(s) that is/are crossed orreached:

17% -16%

8. Notified details:

A: Voting rights attached to shares

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights

Direct

Direct

Indirect

Direct

Indirect

GB00B06GDT12

31,179,878

31,179,878

31,028,158

31,028,158

16.93%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate

Exercise/Conversion Period

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date

Exercise/Conversion period

Number of voting rights instrument refers to

% of voting rights

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

31,028,158

16.93%

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable:

Prudential plc (parent Company)

M&G Group Limited (wholly owned subsidiary of Prudential plc)

M&G Investment Management Limited (wholly owned subsidiary of M&G Limited)

M&G Limited (wholly owned subsidiary of M&G Group Limited)

The Prudential Assurance Company Limited (wholly owned subsidiary of Prudential plc)

Proxy Voting:

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will ceaseto hold:

N/A

12. Date on which proxy holder will cease to holdvoting rights:

N/A

13. Additional information:

Registered Holder:

Holding:

PRUCLT HSBC GIS NOM(UK) PPL AC

61,464

PPA

390,907

PEF

13,317,471

PUF

4,319,597

PRUCLT HSBC GIS NOM(UK) PAC AC

12,059,676

PP4

102,900

NORTRUST NOMINEE LTD A/C MHF01

42,310

PRU CAUTIOUS MANAGED GROWTH FD

236,270

PRU MANAGED DEFENSIVE FUND

291,762

PP6

205,801

Prudential plc

16.93%

M&G Group Limited

16.93%

M&G Limited

16.93%

M&G Investment Management Limited

16.62%

The Prudential Assurance Company Limited

16.62%

14. Contact name:

Nicole Hugill

15. Contact telephone number:

+44 (0) 1481 704724