Statement re Half Yearly Financial Statements

FRM Credit Alpha Limited

Half-yearly Unaudited Interim Financial Statements for the period ended 31 December 2009

Copies of the Interim Financial Statements have been submitted to the UK Listing Authority and will shortly be available for inspection at the UKLA's Document Viewing Facility:

Document Disclosure Department

Financial Services Authority

25 The North Colonnade

Canary Wharf

London E14 5HS

Tel: 020 7066 1000

Copies of the Interim Financial Statements will also be available to download from the Company's website, www.frmcredit.com

For further information please contact:

Mark Shaw

Financial Risk Management Limited

020 79686141