Investment Manager Update

STOCK EXCHANGE ANNOUNCEMENT

For immediate release                                                                     13 August 2020

ALTERNATIVE LIQUIDITY FUND LIMITED

(a closed-ended investment company incorporated in Guernsey with registration number 60552)

(the "Company")

Investment Manager Update August 2020.

The Company is pleased to publish an investment update from the Investment Manager in relation to its current investment portfolio.

Please click on the following link to view this update:-

https://waranacap.com/listed-investment-products/

Enquiries

Warana Capital, LLC

Email: [email protected]

Telephone: (44) 20 3551 2917

Praxis Fund Services Limited

Email: [email protected]

Telephone: (44) 1481 737600