Net Asset Value(s)

Prodesse Investment Limited
02 April 2008



2 April 2008

PRODESSE INVESTMENT LIMITED

Net Asset Value

The Company announces that the unaudited Net Asset Value per Ordinary share,
including accrued and net undistributed income, as at 31 March 2008 was US$6.91.

Assuming a USD/GBP exchange rate of 1.9866, which was the prevailing spot rate
on 31 March 2008, the NAV per share would have been equivalent to 348p.  This
figure is given for information only, as Prodesse holds its assets and
liabilities, and reports its results in US Dollars.

FIDAC, Investment Manager to Prodesse, commented on the Company's monthly
movement in NAV: 'The past 30 days have been a tumultuous time for participants
in the global credit markets as they contend with asset sales from companies,
funds, and lenders continuing to deleverage their balance sheets. Although
Prodesse continues to invest solely in US Agency mortgage-backed securities
issued and guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae, the prices of
these securities have not been immune to the current market conditions. Despite
this unprecedented market turbulence, we believe the income fundamentals for the
company will continue to improve, particularly with the aggressive positive
response from policymakers.'

Enquiries:
BNP Paribas Fund Services (Guernsey) Limited:
Sara Radford / Jean McMillan 01481 743004



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