RNS Number:1548G
Bramdean Alternatives Limited
23 October 2007


Bramdean Alternatives Limited (the "Company")

23rd October 2007


Final Net Asset Values, 28th September 2007


Ordinary Shares


As at the close of business on 28th September 2007, the final net asset value of
Bramdean Alternatives Limited was as follows:-



Share class                              Net Asset Value         Net Asset Value           Performance

                                     28th September 2007        31st August 2007

GBP Shares                                   97.19 pence             95.29 pence               + 1.99%

US$ Shares                                   US$  0.9747             US$  0.9824               - 0.78%
                                                                           
                                              
In September the formation costs were reallocated between the Sterling and US
Dollar Share Classes.  Previously, they had been allocated solely to the
Sterling Share Class.  This has resulted in a positive adjustment in the
Sterling Share Class of 0.02% and a negative adjustment in the US Dollar Shares
Class of 2.77%.  Should this adjustment not have been made, the Sterling Share
Class NAV would have been 97.17 pence (+ 1.97% for September) and the US Dollar
Share Class NAV would have been US$ 1.0025 (+ 2.05% for September).


This valuation, which has been prepared in good faith by the Company's Fund
Administrator, is for information purposes only.  The valuation is based on the
unaudited estimated valuations made available to the Company's Fund
Administrator by service providers acting on behalf of funds held by the
Company.  Such estimates may not be subject to any independent verification or
other due diligence and may not comply with generally accepted accounting
practices or other generally accepted valuation principles.  In addition, some
estimates may not be supplied on a regular or timely basis with the result that
the values of such investments are based on the latest available estimates which
may relate to some time before the date set out above.  Other risk factors which
may be relevant to this valuation are set out in the Company's Prospectus dated
6th June 2007.


Please note that the Company is intending to distribute a monthly Factsheet this
week which will provide commentary and detail about the portfolio in September.

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

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