Directors Dividend Investment

Prodesse Investment Limited
16 February 2006


Prodesse Investment Limited ('Prodesse')

16 February 2006

                   Directors Dividend Investment Instruction
                         And Dividend Reinvestment Plan

The Board members of Prodesse detailed below have today notified the Company of
their instructions given to their respective brokers to reinvest the dividend
income from their existing Prodesse shareholdings in further Prodesse with
immediate effect.

These shares to be purchased on the open market.

    Director                          Current holding
    John Hallam (Chairman)            10,000
    Christopher Fish                  2,500
    Talmai Morgan                     2,500
    Christopher Sherwell              2,500

In addition , the Board is currently investigating the implementation of a
dividend reinvestment plan (DRiP) to enable shareholders to reinvest their
quarterly dividends in a cost effective and efficient manner. Should a DRiP be
implemented, the directors named above will participate in the plan.

Commenting on the directors' dividend reinvestment instructions, John Hallam,
Chairman of Prodesse said: 'We believe that dividend income generated over the
long term from Prodesse will substantially outperform the market. The
compounding effect of reinvesting the dividend income in the company's own
shares is a highly attractive investment proposition.'

Enquiries:

RBSI Fund Services (Guernsey) Limited:
Sara Radford/Paul Smith 01481 743004

About Prodesse
Prodesse Investment Limited 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 as dividends 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. Further information can be found 
on the website at www.prodesse.co.uk



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