Cavendish plcLSE: CAV

Possible Issue of Shares

· Issued by Cavendish plc
FRM Credit Alpha Limited 10 January 2008 COMPANY ANNOUNCEMENT For Immediate Release 10 January 2008 FRM Credit Alpha Fund Limited (the 'Company') Re: Possible Issue of Shares The Board of FRM Credit Alpha Limited (the 'Company') announces that it is considering issuing new shares in the Company. If at some point the Board decides to proceed with an issue of new shares, details on the timing of such issue will be disclosed. For further information, please contact Tina Hugo or Luke Burdess at Financial Risk Management on 020 7968 6000. Enquiries: Financial Risk Management Tina Hugo or Luke Burdess Phone: + 44 20 7968 6000 McCann FitzGerald Listing Services Limited Aisling Ruane Phone: +353 1 607 1764 This announcement has been issued through the Companies Announcement Service of The Irish Stock Exchange. This information is provided by RNS The company news service from the London Stock Exchange

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