Notification of Transactions

Bramdean Alternatives Limited

19 March 2010

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL

RESPONSIBILITY OR CONNECTED PERSONS

1) Name of company

Bramdean Alternatives Limited

2) State whether notification is in respect of a transaction notified in accordance with DR 3.1.4R(1)(a)

Confirmed

3) Name of director

Jennifer L Wick

4) State whether notification relates to a person(s) connected with a person discharging managerial responsibilities/director named in 3 above and identify the connected person(s)

Jennifer L Wick is chief investment officer and group strategic finance of Consensus Business Group, an adviser to Elsina Limited. Elsina Limited, which is ultimately controlled by the Tchenguiz Family Trust, has interests in 925,000 Sterling shares and 73,788,431 Dollar shares. Included in the Dollar share interest were long contracts for difference over 350,000 Dollar shares.

5) Indicate whether notification is in respect of a holding of the person named in 3 or 4 above or in respect of a non-beneficial interest

As in 4 above in respect of a non-beneficial interest.

6) Class of security

Dollar ordinary shares

7) Name of the registered shareholder(s) and, if more than one holder, the number of shares held by each of them (if notified)

73,200,431 Dollar shares held in Sinjul Nominees Limited 588,000 Dollar shares held in Forest Nominees Limited 925,000 Sterling shares held in Sinjul Nominees Limited

8) State the nature of the transaction.

Conversion of long contracts for difference over 350,000 Dollar share into 350,000 Dollar shares.

9) Number of shares/amount of stock acquired

-

10) Percentage of issued class acquired

-

11) Number of shares/amount of stock disposed

-

12) Percentage of issued class disposed

-

13) Price per share

-

14) Date of transaction

19 March 2010

15) Total holding and percentage holding of issued class following this notification

Elsina Limited is the beneficial holder of 925,000 Sterling shares and 73,788,431 Dollar shares, 28.90%

16) Date company informed

19 March 2010

Name of contact and telephone number for queries

Robin Amer +44 (0) 1481 744130

Name and signature of authorised company official responsible for making this notification

Robin Amer

Date of Notification - 19 March 2010