Net Asset Value(s)

RNS Number:7016S
PSolve Alternatives PCC Ltd
18 April 2008

PSolve Niche Opportunities Fund - March 2008 NAV estimate



PSolve Niche Opportunities Fund is a closed-ended protected cell of PSolve
Alternatives PCC Limited (the "Company").



18 April 2008



Estimated Net Asset Value



Estimated performance in March 2008 was -1.21%. As at 31 March, the estimated
net asset value ("NAV") of the Fund's shares was 98.04p.



This valuation is for information purposes only. Monthly net asset values are
based principally on formal valuations supplied to the Company by the
administrators of the Company's underlying investments. Where no such valuation
has been received by the Company's valuation date, an estimated valuation
prepared by the manager or administrator of the underlying fund has been used.



Investors should note that many or all of the Company's investments are unquoted
and that valuations or estimates are unaudited and may not comply with generally
accepted accounting or valuation principles. Furthermore, no verification or
other due diligence process has been undertaken in respect of these valuations
or estimates and PSolve Alternatives PCC Limited accepts no responsibility for
the accuracy of such information.



Investment Policy



PSolve Niche Opportunities Fund targets absolute returns in excess of 15% per
annum averaged over any five year period with low correlation to traditional
equity benchmarks and volatility of less than 10%.



The Company seeks to achieve this through active portfolio management beginning
with a top down macro analysis of global opportunities and risks, then building
the portfolio by identifying hedge fund managers on a bottom up basis.
Diversification of return drivers is sought to ensure that the portfolio is able
to generate returns and suffer limited downside during market events. The
portfolio will typically comprise of around 20 managers. There is an emphasis on
smaller, niche hedge funds.



The Company's shares are denominated in Sterling and the Company will apply a
currency hedging policy to protect the Sterling value from movements in the US
Dollar denominated underlying investments.



Investment of Net Proceeds of Issue



As at 31 March, the Fund was approximately 100% invested in 20 underlying hedge
funds across 5 strategies.



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