Dividend Conversion rate

Prodesse Investment Limited
25 October 2007



25 October 2007

PRODESSE INVESTMENT LIMITED

Sterling Conversion Rate for the Dividend

The Company previously declared a dividend for the period from 1 July 2007 to 20
September 2007 of US$0.16 per share payable on 15 November 2007 to holders on
the register on 28 September 2007. For those shareholders who have elected to
receive their dividend in Sterling, the dividend will be 7.7257 pence per share
based upon an exchange rate of 2.0710.

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.

Enquiries:
BNP Paribas Fund Services (Guernsey) Limited:
Sara Radford / Jean McMillan 01481 743000



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