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Castle Asia Alter (CASA)

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Wednesday 13 October, 2010

Castle Asia Alter

Holding(s) in Company


CASTLE ASIA ALTERNATIVE PCC LIMITED
(Registered in Guernsey - Number 43789)

Registered Office:
Martello Court, Admiral Park, St Peter Port, Guernsey, GY1 3HB

Telephone: +44 1481 211 000
Facsimile: +44 1481 211 001

Email: fundscosec@intertrustgroup.com

For Immediate Release

CASTLE ASIA ALTERNATIVE PCC LIMITED - STERLING CLASS, A CELL OF CASTLE ASIA
ALTERNATIVE PCC LIMITED

(a closed-ended protected cell company incorporated in Guernsey)

TR-1 NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached:

STERLING CLASS - A CELL OF CASTLE ASIA ALTERNATIVE PCC LIMITED

2.        Reason for the Notification                 State YES or NO          
                                                                               
          An acquisition or disposal of voting        YES                      
          rights:                                                              
                                                                               
          An acquisition or disposal of financial     NO                       
          instruments which may result in the                                  
          acquisition of shares already issued to                              
          which voting rights are attached:                                    
                                                                               
          An event changing the breakdown of voting   NO                       
          rights:                                                              
                                                                               
          Other (please specify):                     NO                       
                                                                               

3.        Full name of person(s) subject to the       Weiss Asset Management LP
          notification obligation:                                             
                                                                               
4.        Full name of shareholder(s) (if different   Brookdale International  
          from 3 above):                              Partners LP, Brookdale   
                                                      Global Opportunity Fund  
                                                                               
5.        Date of the transaction (and date on which  7 October 2010           
          the threshold is crossed or reached if                               
          different):                                                          
                                                                               
6.        Date on which issuer notified:              12 October 2010          
                                                                               
7.        Threshold(s) that is/are crossed or         >15%                     
          reached:                                                             
                                                                               
8.        Notified details:                                                    

A: Voting Rights attached to Shares

Class/type of Situation previous     Resulting situation after the triggering    
  shares if    to the triggering                    transaction                  
  possible        transaction                                                    
  using the                                                                      
  ISIN CODE                                                                      
                                                                                 
              Number of Number of Number of  Number of Voting      % of Voting   
               Shares    Voting    Shares         Rights             Rights      
                         Rights                                                  
                                                                                 
                                  Direct    Direct    Indirect  Direct   Indirect
                                                                                 
GB00B0MSVZ38  5,886,008 5,886,008 7,411,008 7,411,008 n/a       15.4%    n/a     
                                                                                 

B: Financial Instruments

Resulting situation after the triggering transaction

Type of         Expiration Date Exercise/       Number of       % of Voting    
Financial                       Conversion      Voting Rights   Rights         
Instrument                      Period/Date     that may be                    
                                                acquired if the                
                                                instrument is                  
                                                exercised/                     
                                                converted                      
                                                                               

C. Financial Instruments with similar economic effect to Qualifying Financial
Instruments

Resulting situation after the triggering transaction

Type of        Exercise Expiration  Execise/    Number of Voting % of Voting   
Financial      Price    Date                    rights           Rights        
                                    Converstion instrument                     
Instrument                          Period      refers to                      
                                                                               
                                                                 Nominal Delta 
                                                                               

TOTAL (A + B+C)                                                                
                                                                               
Number of Voting Rights                 % of Voting Rights                     
                                                                               
7,411,008                               15.4%                                  

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:

Brookdale International Partners LP 11.7%

Brookdale Global Opportunity Fund 3.7%

PROXY VOTING

10.       Name of the proxy holder:                   N/A                      
                                                                               
11.       Number of voting rights proxy holder will   N/A                      
          cease to hold:                                                       
                                                                               
12.       Date on which proxy holder will cease to    N/A                      
          hold voting rights:                                                  
                                                                               
13.       Additional information                                               
                                                                               
14.       Contact name:                               Georgiy Nikitin          
                                                                               
15.       Contact telephone number:                   +1 -617-778-7725         

Additional Information

Enquiries:
Intertrust Fund Services (Guernsey) Limited
Company Secretary
Martello Court
Admiral Park
St Peter Port
Guernsey

Telephone: 01481 211000
Facsimile: 01481 211001