Dividend Declaration amended

Prodesse Investment Limited
04 July 2007




4 July 2007

The Company wishes to correct the record date for the interim dividend announced
on 3 July at 16.18 under RNS no. 5913Z, the announcement should have read as 
follows:



3 July 2007

PRODESSE INVESTMENT LIMITED

Interim Dividend for the Second Quarter 2007 and Net Asset Value

Prodesse Investment Limited has declared an interim dividend for the quarter
ended 30 June 2007 of US$0.16 per share payable on 3 August 2007 to holders on
the register on 13 July 2007. Dividends are calculated and paid in US dollars.
Shareholders wishing to receive their dividend payments in pounds sterling can
elect to do so by contacting Computershare Investor Services (Channel Islands)
Limited, Tel: [phone]. The exchange rate for payment to those who have
elected to receive their dividends in pounds sterling will be set on 13 July
2007.

The Company also announces that the unaudited Net Asset Value per Ordinary
Share, including accrued and net undistributed income, as at 30 June 2007 was
US$7.77. Assuming a USd/GBp exchange rate of 2.0071, which was the prevailing
spot rate on 29 June 2007, the Net Asset Value per Ordinary Share would have
been equivalent to 387.1p.  This figure is given for information only, as
Prodesse holds its assets and liabilities, and reports its results, in US
dollars.

Mr. Ronald Kazel, director of Prodesse and a managing director at the Company's
investment adviser, FIDAC, commented on today's release: 'We are pleased to be
able to declare the fourth consecutive increase in our quarterly dividend, as
market and operating fundamentals for Prodesse continue to improve. Although NAV
declined with the recent sell-off in the US bond market, the resulting change in
interest rates has improved the investment opportunities for our distributable
income-focused strategy. We believe that investors will continue to benefit from
the Company's attractive dividend yield and our avoidance of credit risk through
investing solely in U.S. Agency mortgage-backed securities.'


Enquiries:

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



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