Publication of circular

Final

Bramdean Alternatives Limited

Publication of circular

The Board of Bramdean Alternatives Limited has published a circular containing full details of the following proposals which have previously been announced:

(a) to change the name of the Company to Aberdeen Private Equity Fund Limited, consistent with the appointment of Aberdeen Asset Managers Limited as the Company's investment manager in November last year;

(b) to refine the investment objective and policy of the Company, reflecting a focus on private equity funds rather than a hybrid objective of investing in private equity and hedge funds;

(c) to convert all of the Company's US Dollar shares into Sterling shares, thereby simplifying the Company's capital structure; and

(d) to approve the waiver, which has been granted by the Panel on Takeovers and Mergers, of the obligation that would otherwise arise on Elsina Limited (the Company's largest shareholder) to make a general offer to shareholders pursuant to Rule 9 of the City Code as a result of the share conversion proposal in (c) or in consequence of the Company repurchasing its own shares.

These proposals will be put forward for consideration by shareholders at an extraordinary general meeting and by the US Dollar shareholders at a separate class meeting, both to be held in Guernsey on 3 June 2010.

A copy of the circular has been submitted to the UK Listing Authority and will be available for inspection at the UK Listing Authority's Documents Viewing Facility, which is situated at:

Financial Services Authority

25 The North Colonnade

Canary Wharf

London

E14 5HS

Telephone - 020 7066 1000

Bramdean Alternatives LimitedJonathan Carr, Chairman, 01242 890287

Aberdeen Asset ManagementJames Thorneley, Aberdeen Asset Management, 020 7463 6323 Neil Bennett/Charlotte Walsh, Maitland, 020 7379 5151

Matrix Corporate Capital LLPPaul Fincham/Robert Naylor, 020 3206 7175

End.