Portfolio Update

Prodesse Investment Limited
03 January 2008




Prodesse Investment Limited ('Prodesse')

3 January 2008

Ten Largest Investments

Prodesse Investment Limited announces details of its ten largest investments as
at 31 December 2007.

Description                      Market Value           % of           Current 
                                 US $                   portfolio      coupon
FG A48575                        72,958,916.35          3.23%          5.81%
FNR 2005-47 FG                   69,157,618.23          3.06%          5.11%
FHR 2005-96 UA                   60,036,627.13          2.66%          5.32%
FHR 3167 QE 05/15/2032           55,942,523.44          2.48%          5.81%
FN 256233                        43,468,426.14          1.92%          5.81%
FN 924848 FLT 9/1/2037           40,803,861.27          1.81%          6.29%
FHR 3061 DA                      38,941,440.47          1.72%          5.32%
FNMA 944035 FLT 08/01/2037       38,921,933.72          1.72%          6.77%
FN 256492                        37,047,194.38          1.64%          5.81%
FN 850642                        36,485,292.85          1.62%          5.81%

Market Value of Portfolio - 2,258,663,114.67

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





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