Tranen Capital Launches Tranen Capital Longevity Notes Ltd. — the First Life Settlements Fund to Offer Protection Against Longevity Risk

TORTOLA, British Virgin Islands, January 24, 2011 - Tranen Capital Ltd. is pleased to announce the launch of a new Note
Program, Tranen Capital Longevity Notes Ltd., offering investors the option
to link protective investments to the Tranen Capital Growth Fund Ltd., a Fund
that manages life settlement policies opportunistically, with several
risk-protected structures. These structures will reduce investors' risk by
providing (i) A-rated protection against longevity risk (that of insureds
living beyond their life expectancies, the single most important factor in
determining the relative success of an investment in life settlements)
through the purchase of longevity mitigation insurance that will pay the face
amount of any policy held by the Fund that does not mature within the
projected life expectancy, and/or (ii) A-rated principal protection through
the purchase of a structured (zero-coupon term) note, which will return 100%
of investors' principal at the end of the term. In addition, (iii) investors
may choose to hedge, or protect against, the investment risk by purchasing a
bond to be used as collateral for an investment in the Growth Fund.

The focus of the Growth Fund will be to exploit opportunities in the Life
Settlements market that many of the traditional players have ignored, such as
policies issued by carriers having credit ratings outside the usual bounds,
convertible term policies, distressed policies, as well as other
opportunistic acquisitions.

"Investors, such as pension plans, endowments, family offices, and high
net-worth individuals, have wanted access to the life settlements market, but
have expressed the need to have additional protection measures in place.
Tranen Capital brings a suite of protection measures that can be elected
based on the risk appetite of each investor," states Arthur Bowen, Managing
Director at Tranen Capital.

About Tranen Capital: Tranen Capital manages the Tranen Capital
Alternative Investment Fund, a non-correlated alternative investment fund
started in July 2008 that trades in the Life Settlements market. This Fund,
which has had positive performance since inception, represents investors from
Asia, Europe and Central America, which include corporations, pension plans,
banks, and high net-worth individuals.

Contact: Tranen Capital Ltd. Investor Relations, +1-646-873-6901,
info@tranencapital.com

Tranen Capital Ltd. Investor Relations, +1-646-873-6901, info at tranencapital.com