Result of AGM

Prodesse Investment Limited
27 June 2007



27 June 2007

                         Prodesse Investment Limited

                                Result of AGM


The Board of Prodesse Investment Limited (the 'Company') announces the results
of the resolutions put to the Annual General Meeting of the Company held today,
27 June 2007. All resolutions with the exception of resolution 6 were passed by
the shareholders.


The Chairman, John Hallam, made the following statement at the AGM:

'2006 was a year of transition in the US Financial Markets and the Directors are
pleased with the way in which the Company managed its position throughout this
challenging period. Consistent with the strategy of Prodesse, and in line with
the execution of the tap issue in March of this year, the board is keeping under
active consideration opportunities to raise additional capital as market
conditions develop.'

Details of proxy voting on the resolutions were as follows:


                                             Total Votes            Total Votes
                                                 For                  Against
                                                 (%)                    (%)
Ordinary Resolution

1. To adopt the annual accounts and            22,798,441              444,602 
the reports of the Directors and
Auditors for the year ended 31
December 2006

2. To re-appoint Deloitte & Touche LLP         25,808,907                    -
as auditors of the company until
the conclusion of the next General
meeting of the company and to
authorise the Directors to determine
the remuneration of the Auditors.

3. To re-appoint Ronald Kazel who has          14,903,388           11,715,519
retired in accordance with Article
81 and offers himself for
re-appointment.

4. To re-appoint Chris Fish who has            25,808,907                    -
retired in accordance with Article
81 and offers himself for
re-appointment.

Special Resolution

5. To allow the Directors to make              25,808,907                    -
market purchases of ordinary
shares.

6. To amend the Company's Article of           15,929,205            9,879,702
Association to allow shares
Repurchased by the company to held
as Treasury Shares.

7. To amend the Company's Articles of          19,530,525            6,278,382
Association, to incorporate certain
provisions of the Disclosure and
Transparency rules made by the UKLA.


A copy of the resolutions passed at the Annual General Meeting have been
submitted to the Financial Services Authority and will shortly be available for
inspection at the Financial Services Authority Document Viewing Facility, which
is situated at:


Financial Services Authority
25 The North Colonade
Canary Whalf
London
E14 5HS


Contact:

RBSI Fund Service (Guernsey) Limited 01481 743000
Sara Radford/Paul Smith





                      This information is provided by RNS
            The company news service from the London Stock Exchange