Monthly Commentary

Prodesse Investment Limited
06 October 2006



06 October 2006

MONTHLY INVESTOR COMMENTARY

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

This month's headlines are:

The Mortgage Market: Thinking about prepayment risk in the market
The Economy: The Fed begins a new streak
The Markets: Rates in the US fall, commodity prices drop

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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