The Board of Life Offices Opportunities Trust plc (the "Company") notes the
recent publication by the FSA of the Investment Entities (Listing Rules and
Conduct of Business) Instrument 2003. In accordance with the Company's
objectives, it is the Company's policy to invest no more than 15% of its gross
assets in other listed investment companies (including listed investment
trusts).

Contact: Donald W Robertson / Carolina A Viola

SVM Asset Management Limited

0131 226 6699



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