Predator Oil Regulatory News (PRD)

26 Oct 2007 08:29

Prodesse Investment Limited26 October 2007 Further to yesterdays announcement the exchange rate has been revised to 2.0595,therefore the dividend for those shareholders who have elected to receive theirdividend in Sterling will be 7.7689 pence per share. 25 October 2007 PRODESSE INVESTMENT LIMITED Sterling Conversion Rate for the Dividend The Company previously declared a dividend for the period from 1 July 2007 to 20September 2007 of US$0.16 per share payable on 15 November 2007 to holders onthe register on 28 September 2007. For those shareholders who have elected toreceive their dividend in Sterling, the dividend will be 7.7257 pence per sharebased upon an exchange rate of 2.0710. About Prodesse Investment Limited Prodesse is a limited liability Guernsey-incorporated closed-end investmentcompany, the investments of which are managed by Fixed Income Discount AdvisoryCompany. The company's investment policy is to provide net income fordistribution from the spread between the interest income earned from a portfolioof residential mortgage-backed securities and the cost of repurchase agreementsentered into to finance the acquisition of such residential mortgage-backedsecurities. Enquiries:BNP Paribas Fund Services (Guernsey) Limited:Sara Radford / Jean McMillan 01481 743000 This information is provided by RNS The company news service from the London Stock Exchange