Alpha Strategic Regulatory News Announcement

Alpha Strategic PLC - AGM Statement

RNS Number:7951I
Alpha Strategic PLC
12 September 2006


12 September 2006

                              ALPHA STRATEGIC PLC

                                AGM STATEMENT


At the Annual General Meeting of Alpha Strategic PLC ('Alpha' or 'the Company')
to be held at 10.00 a.m. today, the following update will be provided:

'Following our recent transaction with Winton Capital Management Limited
('Winton'), we are pleased to announce that funds under management in the Global
Futures Fund have more than doubled to just over US$26 million.

The Company, via Winton Advisors Limited, is entitled to receive 50% of the
management and incentive fees arising from the Global Futures Fund. The
Company's share of management fees alone should therefore equate to
approximately US$130,000 (GBP£69,690) per annum with additional incentive fees
dependent upon performance.

The compounded annual average return on the Winton Futures Fund since inception
is 19.4%. The Global Futures Fund is traded on the same strategy as the Winton
Futures Fund and Alpha is entitled to receive a 10% share of any return
generated, subject to a number of performance conditions.

Application has been made to the Swiss regulatory authorities for approval of
the Global Futures Fund, and once this is obtained, Winton expect funds under
management to continue to grow strongly. The fund has a target capacity of
US$100 million.

In our first year of operation we have developed a number of relationships with
similar high quality hedge fund managers which we believe will prove fruitful in
the future.

The Company continues to successfully preserve its cash resources whilst seeking
further investment opportunities and retains the bulk of the GBP£3 million
raised at the time of its flotation, with running costs holding at expected
levels.'

                                    - Ends -

For further information:

Alpha Strategic PLC
Kit Malthouse/Colin Barrow     020 7222 2223

Maitland
Neil Bennett                   020 7379 5151


                      This information is provided by RNS
            The company news service from the London Stock Exchange

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