2006 Corporate Calendar

Prodesse Investment Limited
22 March 2006


                         Prodesse Investment Limited
                           2006 Corporate Calendar

The following is the 2006 corporate calendar for Prodesse Investment Limited:

8 May 2006:         Quarter 1 Results and Dividend Announcement
21 June 2006:       Annual General Meeting
7 August 2006:      Quarter 2 and Interim Results; Quarter 2 Dividend Announcement
6 November 2006:    Quarter 3 Results and Dividend Announcement
12 February 2007:   Quarter 4 Results and Dividend Announcement

Enquiries
Rob Bailhache / Nick Henderson, Financial Dynamics
Tel: [phone]

Sara Radford / Paul Smith, RBSI Fund Services (Guernsey) Limited
Tel: [phone]

About Prodesse Investment Limited

Prodesse is a limited liability Guernsey-incorporated closed-end investment
company, the investments of which are managed by Fixed Income Discount Advisory
Company. The company's investment policy is to provide net income for
distribution from the spread between the interest income earned from a portfolio
of residential mortgage-backed securities and the cost of repurchase agreements
entered into to finance the acquisition of such residential mortgage-backed
securities.



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