Monthly Commentary

Prodesse Investment Limited
11 June 2007


11 June 2007

MONTHLY INVESTOR COMMENTARY

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

This month's headlines are:

The Mortgage Market: Prepays come in more slowly with weak housing and more
regulation
The Economy: Big sentiment shift on little change in data
The Markets: Bonds cry a river of tears as expectations adjust for Fed ease

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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