Notification of Major Interests in shares

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Alternative Investment Strategies Limited

(SEDOL B06GDT1)

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

An acquisition or disposal of voting rights 

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

An event changing the breakdown of voting rights

Other (please specify): Update of current notifiable position

X

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

Prudential plc group of companies

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

See additional information under 13.

5. Date of the transaction and date on which the threshold is crossed or reached:

7 November 2008  

6. Date on which issuer notified:

10 November 2008

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

16%

8. Notified details:

A: Voting rights attached to shares

Class/type of shares 

 if possible using the ISIN CODE

Situation previous to the Triggering transaction

Resulting situation after the triggering transaction

Number of Shares 

Number of Voting Rights 

Number of shares 

Number of voting rights 

% of voting rights

Direct

Direct

Indirect 

Direct

Indirect

 GB00B06GDT12 

37,410,554  

37,410,554

37,410,554

37,410,554

16.40%

B: Financial Instruments

Resulting situation after the triggering transaction 

Type of financial instrument 

Expiration date 

Exercise/ Conversion Period/ Date  

Number of voting rights that may be acquired if the instrument is exercised/ converted. 

% of voting rights

N/A

N/A

N/A

N/A

N/A

Total (A+B)

Number of voting rights

% of voting rights

37,410,554

16.40%

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

Prudential plc (parent Company)

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

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

M&G Investment Management Limited (wholly owned subsidiary of M&G 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 cease to hold:

N/A

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

N/A

13. Additional information:

Registered Holder:

Holding:

PPL ABSOLUTE RETURN FUND

434,341

PPL DEFENSIVE FUND

114,333

PPL DIVERSIFIED GROWTH FUND

228,667

PRUCLT HSBC GIS NOM(UK) PAC AC

13,399,639

PRUCLT HSBC GIS NOM(UK) PPL AC

61,464

PRUDENTIAL EURO FUND

14,797,190

THE PRUDENTIAL USA BOND FUND

7,468,130

Registered Holder:

Holding:

NORTRUST NOMINEE LTD A/C MHF01

42,310

PRU CAUTIOUS MANAGED GROWTH FD

540,300

PRU MANAGED DEFENSIVE FUND 

324,180

Prudential plc

16.40%

M&G Group Limited

16.40%

M&G Limited

16.40%

M&G Investment Management Limited

16.01%

The Prudential Assurance Company Limited

16.01%

14. Contact name:

N/A

15. Contact telephone number:

N/A