Monthly Commentary

Prodesse Investment Limited
09 August 2007


09 August 2007

MONTHLY INVESTOR COMMENTARY

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

This month's headlines are:

The Economy: The Big Picture
The Mortgage Market: Explaining mortgage performance in a Treasury rally
The Markets: Stocks fall, rates fall, oil surges

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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