Monthly Commentary

Prodesse Investment Limited
11 July 2007


11 July 2007

MONTHLY INVESTOR COMMENTARY

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

This month's headlines are:

The Mortgage Market: Prepays stay slow; evaluating extension risk
The Economy: The Fed is unmoved, but it can't stay unmoved
The Markets: Stocks move sideways amid bond market volatility

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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