Monthly Commentary

Prodesse Investment Limited
09 May 2007


09 May 2007

MONTHLY INVESTOR COMMENTARY

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

This month's headlines are:

The Mortgage Market: Prepays increase less than expected; looking ahead to ARM
resets
The Economy: The Fed digests recent data: a change in bias to follow?
The Markets: Stocks rally, bonds stay flat and the dollar weakens

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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