Monthly Commentary

Prodesse Investment Limited
10 April 2007


10 April 2007


MONTHLY INVESTOR COMMENTARY

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

This month's headlines are:

The Mortgage Market: Prepays dropped 9% due to lower day count in February
The Economy: The Fed changes its tune, slightly
The Markets: Stocks and bonds look for direction; oil rises

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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