Exercise of Over-allotment

Prodesse Investment Limited
05 May 2005


Prodesse Investment Limited - Confirming exercise of the over-allotment option


5 May 2005


THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR
IN PART, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN


Announcement of Exercise of Over-Allotment Option following the offering of
26,500,000 ordinary shares by Prodesse Investment Ltd.


Prodesse Investment Ltd. (the 'Company') hereby announces that UBS Limited as
stabilising manager has exercised the Over-Allotment Option referred to in the
Supplementary Prospectus issued by the Company dated 5 April 2005 in respect of
a further 2,110,000 Ordinary Shares in the Company. The additional Ordinary
Shares have been issued at the offering price of US$10 per share. The total
issued share capital of the Company following this issue therefore comprises
28,610,000 Ordinary Shares.


These materials are not an offer of securities for sale in the United States.
The shares may not be offered or sold in the United States absent registration
or an exemption from registration. There will be no public offering of shares in
the United States.


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