Tranen Capital Receives Approval to Open a Representation Office in Colombia

BOGOTA, Colombia, November 1, 2010 - Tranen Capital Ltd. is pleased to announce that it has been approved to
open a representation office in Colombia to promote its fund. This marks a
significant achievement for Tranen Capital, as it is only one of a few
foreign entities approved to sell shares of an investment fund in Colombia.
It also represents a milestone for alternative investments, now beginning to
play a more significant role in emerging economies.

Tranen Capital Ltd. manages the Tranen Capital Alternative Investment
Fund Ltd., a non-correlated alternative investment fund that trades in the
secondary market for life insurance in the United States, also referred to as
the Life Settlements and Longevity marketplace. This market is about US$16
billion and expected to grow to around US$160 billion over the next several
years, according to Sanford Bernstein, an independent financial consultant.
The Fund currently has just over US$100 million in assets under management,
representing investors from Asia, Europe and Central America, and including
corporations, pension plans, banks, and high net-worth individuals.

"Tranen Capital's entry into Colombia opens the South American
marketplace and reflects its strategy to become a globally-based investment
vehicle, with the goal of providing strong, sustainable growth for the Fund,
to the benefit of its investors," said Arthur Bowen, one of the Managing
Directors of the Fund.

About Colombia

Colombia's economy has advanced significantly since former President
Alvaro Uribe took office in 2001. A recent Latin Business Chronicle article
states that Colombia has gone from being a "failed state" of rising terrorism
and weak investor interest to a global model in fighting crime and an
investor darling thanks to a dramatic improvement of security and a series of
investor-friendly reforms. Foreign direct investment in Colombia reached a
total of US$48.6 billion in the seven-year period 2003-09, almost 150 percent
more than the US$19.8 billion the country was able to attract during the
previous seven-year period, according to a Latin Business Chronicle analysis
of data from the United Nations Economic Commission for Latin America and the
Caribbean (ECLAC).This has improved both Colombia's image and business
climate, and underscores the country's strong growth.

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