TIDMDIVA

RNS Number : 1805P

FRM Diversified Alpha Limited

29 September 2011

FRM DIVERSIFIED ALPHA LIMITED

(the "Company")

REDEMPTION ANNOUNCEMENT

29 September 2011

Further to the announcement made by the Company on 1 September, 2011 in which the Company announced that it had resolved to pay out GBP3.25 million to Shareholders via a further compulsory redemption of Shares (the "4th Distribution"), the Company now announces further details of the 4th Distribution.

All of the Company's Shareholders as at the Record Date of 8 September, 2011 have completed and returned the Redemption Forms required to participate in the 4th Distribution.

The Redemption Date for the purposes of the 4th Distribution shall be 30 September, 2011.

The Net Asset Value Date for the calculation of the applicable number of shares to be redeemed was 31 August, 2011. The Net Asset Value of the Company as at 31 August, 2011 was GBP6,662,573.66. The Net Asset Value per Share as at 31 August, 2011 was 89 pence.

A total of 3,651,657 Shares will be redeemed, which represents 48.78% per cent. of the Company's issued share capital based on the Company's Net Asset Value as at 31 August, 2011. Redemption proceeds will be paid in Sterling through CREST or sent by cheque (at the recipient's risk) no later than 29 October, 2011.

Following the redemption of Shares, Share certificates are expected to be despatched and transfer from escrow (TFE) instructions are expected to be issued no later than the close of business on 29 October, 2011 for the excess Shares which were placed into escrow by redeeming Shareholders in connection with the 4th Distribution.

Unless otherwise defined, terms used in this announcement have the same or equivalent meaning as in the Circular relating to FRM Diversified Alpha Limited dated 2 June, 2009.

The Board of Directors reserves the right at its discretion to extend or bring forward any of the dates referred to in this announcement. Any revised date will be notified to Shareholders by a further announcement through a Regulatory Information Service provider.

Enquiries:

Financial Risk Management Limited

Chris Brierley 020 7968 6136

J.P. Morgan Cazenove

William Simmonds 020 7588 2828

This information is provided by RNS

The company news service from the London Stock Exchange

END

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