Predator Oil Regulatory News (PRD)

4 Oct 2007 07:01

Prodesse Investment Limited04 October 2007 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN, ORINTO, THE UNITED STATES, AUSTRALIA, CANADA, SOUTH AFRICA OR JAPAN As a result of currently challenging market conditions in the United Kingdom,Prodesse Investment Limited announces the postponement of the offer and thelisting of additional Ordinary Shares on the Official List of the FinancialServices Authority and the admission of those additional Ordinary Shares totrading on London Stock Exchange plc's Domestic Market and the Official List ofthe Channel Islands Stock Exchange, LBG. The Company's investment strategy and performance will be unaffected by thisdecision. The Board reiterates its belief that market fundamentals remainfavourable for the Company's strategy of investing in US Government Agencymortgage-backed-securities using prudent levels of gearing. Enquiries:Financial DynamicsRob Bailhache / Nick Henderson, +44 (0) 20 7269 7200 / +44 (0) 20 7269 7114 This information is provided by RNS The company news service from the London Stock Exchange