RNS Number:1521I
Alternative Invest. Strategies Ld
28 February 2003

           Alternative Investment Strategies Limited ("the Company")


The Company has today redeemed a total of 1,514,585 of its redeemable ordinary
shares at a price of USD 1.6935 per share from those shareholders who submitted
valid Redemption Tender Notices to the Company.

Close Fund Services Limited
Secretary
28 February 2003


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