Alpha Strategic PLC

(London, 10th July, 2009)

Alpha Strategic acquires ACME Advisors  Limited

Alpha Strategic plc ('Alpha Strategic' or 'the Company'), the AIM listed hedge fund investment group, is pleased to announce that it has entered into an agreement with IKOS Asset Management Limited ('IAML'), a leading global alternative investment manager, to receive 7.2% of the aggregate fees received by IAML relating to the IKOS G10 Currency Fund (the 'Fund'). Alpha Strategic will receive at least USD 800,000 during the first year of this revenue sharing agreement. 

Alpha Strategic has acquired Acme Advisors Limited ('Acme'), a wholly owned subsidiary of IAML. Acme has been incorporated to provide sales and distribution advisory services to IAML in respect of the Fund and, for the provision of these services, has an agreement to receive 7.2% of IAML's aggregate management and performance fees from the Fund. 

Consideration for the purchase of Acme is USD 2,800,000, to be satisfied by the issue of 1,212,121 ordinary shares of 1 pence each in Alpha Strategic ('Ordinary Shares') at a price of 85p per Ordinary Share and the payment of USD 1,127,818 in cash. 

Application has been made to the London Stock Exchange for the 1,212,121 new Ordinary Shares to be admitted to trading on AIM and admission is expected to occur on 17 July 2009.  Following admission of the 1,212,121 Ordinary Shares to trading, the Company's total issued share capital will comprise 4,520,621 Ordinary Shares.  

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