Uniastrum Fund doubles its assets.

Uniastrum ST Fund Limited, a futures fund, based in the Isle of Man, more than doubled its assets under management this year despite the general doom and gloom in the markets and the first in two years outflow of funds from the alternative investments industry.

CONTACT:
Veronica Studsgaard
Uniastrum Capital Limited
29th Floor
One Canada Square
Canary Wharf
London E14 5DY
Telephone: 02077121762
info@uniastrum-uk.com
www.uniastrum.co.uk

Uniastrum Fund doubles its assets.

London, UK -- March 01, 2003 -- Uniastrum ST Fund Limited, a futures fund,

based in the Isle of Man, more than doubled its assets under management this year despite the

general doom and gloom in the markets and the first in two years outflow of funds from the

alternative investments industry.

Uniastrum ST Fund is managed by Uniastrum Capital Limited, a fund manager based in

Canary Wharf, London. Uniastrum Capital Limited is regulated and authorized by the Financial

Services Authority in the United Kingdom.

The fund NAV per share increased by more than 15% in the year 2002.

For further information please contact: Veronica Studsgaard, tel. +44 20 77121762 or email:

info@uniastrum-uk.com
www.uniastrum.co.uk