Monthly Commentary

Prodesse Investment Limited
10 January 2007


10 January 2007

MONTHLY INVESTOR COMMENTARY

FIDAC, the investment manager of Prodesse Investment Limited, has today posted
its December monthly investor commentary on the US Mortgage Market, The US
Economy and the US Markets.

This month's headlines are:

The Economy: 2006 was a year of transition, but 2007 visibility is cloudy
The Mortgage Market: Prepays decline; measuring refinanceability in the market
The Markets: Stocks were up, bonds and the dollar were down in 2006

Investors can access a copy of the Monthly Commentary at www.prodesse.co.uk

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






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