Surrender of Licence by Citation Alpha Strategies (SICAV) plc
JANUARY 22, 2009

This notice is to make the general public aware that Citation Alpha Strategies (SICAV) plc (“the Scheme”) recently requested the Malta Financial Services Authority (“MFSA”) to accept surrender of the collective investment scheme licence granted to the Scheme in relation to Citation Multi Strategy Russia & CIS Hedge Fund (“the Sub-Fund”) which is the Scheme’s only Sub-Fund. The MFSA has accepted the Scheme’s request. This surrender is entirely voluntary and does not arise as a result of any regulatory action taken by the MFSA. Accordingly, with effect from the 21st January, 2009, the Scheme ceased to be licensed by the MFSA.