Interim Results

Progressive Euro Alt. Portfolio Ltd
12 June 2003

Interim Report for the period from 9 July 2002 to 31 March 2003

A copy of the above document has been submitted to the UK Listing Authority, and
will shortly be available for inspection at the UK Listing Authority's Viewing
Facility, which is situated at:

Financial Services Authority

25 The North Colonnade

Canary Wharf

London

E14 5HS

Tel. no. 020 7676 1000

12 June 2003


                      This information is provided by RNS
            The company news service from the London Stock Exchange