Monthly Commentary

Prodesse Investment Limited
12 March 2007


12 March 2007

MONTHLY INVESTOR COMMENTARY

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

This month's headlines are:

- The Mortgage Market: Prepays speed up; sub-prime performance woes also seen in
  Alt-A

- The Economy: The Fed looks to stay on hold but...for how long

- The Markets: After a month of turbulence, stocks are down, bonds are up

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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