ALF Group Holdings AG – Lapse of Bid / Further Insider Buying Zurich (Switzerland), 22nd October 2010 – The Directors of ALF Group Holdings AG (ALF) wish to confirm that the conditional bid to acquire up to 51% of the shares in ALF, by the US based Andrew Alexander Index Fund LP (AAIF), has lapsed.

Kingsley has advised ALF that it was not prepared to sell a large portion of its holdings at a price offered by the bidder and therefore the bidder was unable to proceed. Kingsley has advised ALF that Kingsley has acquired 4m shares from AAIF to ensure that those shares would not be placed on the market.

Kingsley confirms that in conjunction with BFT Custodians, another major shareholder, they have increased their interest in ALF from 72 million shares to 85 million shares.

About ALF Group Holdings AG ALF Group Holdings AG (ALF) wholly owns ALF Group Pty Ltd and its subsidiaries, which includes one of Australia’s largest litigation funders, and a corporate restructuring services company which also provides funding and debt and equity solutions.

It is also an acquirer and developer of distressed assets.

To view: - 2010 Interim Report: http://www.alfgroupag.com/media/documents/Interim_Report.pdf - Audited Accounts to 30Th June 2010: http://www.alfgroupag.com/media/documents/img-8131755-0001_pdf.pdf - Some of ALFs projects: http://www.alfgroupag.com/projects/australia/alf-property-1-pty-ltd.html For further information please contact: ALF Group Holdings AG Level 29, Chifley Tower 2 Chifley Square Sydney, NSW 2000 Australia Telephone +61-2-9293-2500 Fax +61-2-9293-2930 Website: www.alfgroupag.com E-mail: Legal Disclaimer This press release contains forward-looking statements based on beliefs of ALF management.

When used in this press release, words such as "anticipate", "believe", "estimate", "expect", "intend", "plan" and "project" are intended to identify forward-looking statements.

Such statements reflect the views of ALF Group Holdings AG as of the date made with respect to future events and are subject to risks and uncertainties.

Many factors could cause actual results to be materially different from those projected here, including, among others, changes in general economic and business conditions, changes in currency exchange rates and interest rates, introduction of competing products, lack of acceptance of new products or services and changes in business strategy.

ALF disclaims any intention or obligation to update these forward-looking statements.
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