Monthly Commentary

Prodesse Investment Limited
11 February 2008



                          MONTHLY INVESTOR COMMENTARY

FIDAC, the investment manager of Prodesse Investment Limited, has today posted
its January 2008 monthly investor commentary on the US Economy, US Mortgage
Market, and the US Markets.

This month's headlines are:

The Economy: Bernanke pulls a Volcker

The Mortgage Market: The Refi Index spikes, but will prepayment speeds?

The Markets: Yields fell, stocks fell, gold continued its surge

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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