Zug (ots)

Implementing the resolution passed by the
Extraordinary General Meeting on 11 December 2001, the Board of
Directors of Alpine Select AG, Zug, (Stock exchange symbol ALPN), a
company specialized in alternative investments (hedge funds), is to
issue a buyback offer for up to 392'000 registered shares. This
represents 20% the issued capital.

The offer will run from 16 to 30 April 2002. The buy-back price is
CHF 77.70 gross, CHF 54.00 net of 35% federal withholding tax,
calculated on the difference between buy-back price and nominal value
of the registered share. The shares bought back will be cancelled via
a capital reduction to be passed at the Annual General Meeting on 25
June 2002.

Contact:

Dr. Hermann Strehler
Alpine Select AG
Bahnhofstrasse 23
6301 Zug
Tel. +41/41/720'44'11
Fax +41/41/720'44'12
E-Mail: hstrehler@alpine-select.ch
Internet: www.alpine-select.ch