Predator Oil Regulatory News (PRD)

06 April 2010

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 2010 was US$8.74. This Net Asset Value includes estimated liquidation costs known by the Company as at 31 March 2010. Such costs arise from the decision by shareholders on 21 December 2009 to support an orderly realisation of assets and are based on various assumptions (some of which are beyond the Company's control). The value of the assets available for distribution may appreciate or depreciate depending on market conditions and actual liquidation costs could differ materially from those set forth in the Company's estimates. Moreover, additional liquidation costs which are currently unknown to the Company may also be incurred.

Assuming a USD/GBP exchange rate of 1.5191, which was the prevailing spot rate on 31 March 2010, the NAV per share, would have been equivalent to 575p. This figure is given for information only, as Prodesse holds its assets and liabilities in US Dollars and reports its results in the same currency.

Enquiries:

BNP Paribas Fund Services (Guernsey) Limited:

Sara Bourne / Jean McMillan 01481 750851

Listing Category: Premium - Equity Closed-ended Investment Funds