Predator Oil Regulatory News (PRD)

The following amendment(s) has (have) been made to the 'Sterling Conversion Rate for Q4 2009 Dividend' announcement released on 25 February 2010 at 09.33 under RNS No 6658H.

The dividend will be 2.5723 pence per share not 0.0257 as previously stated.

All other details remain unchanged.

The full amended text is shown below.

25 February 2010

PRODESSE INVESTMENT LIMITED

Sterling Conversion Rate for Q4 2009 Dividend

The Company previously declared a dividend for the quarter ended 31 December 2009 of US$0.04 per share payable on 10 March 2010 to holders on the register on 19 February 2010. For those shareholders who have elected to receive their dividend in Sterling, the dividend will be 2.5723 pence per share based upon an exchange rate of 1.5550.

About Prodesse Investment Limited

Prodesse is a limited liability Guernsey-incorporated closed-end investment company, the investments of which are managed by Fixed Income Discount Advisory Company. The Company's investment policy is to provide net income for distribution from the spread between the interest income earned from a portfolio of residential mortgage-backed securities and the cost of repurchase agreements entered into to finance the acquisition of such residential mortgage-backed securities.

Enquiries:

BNP Paribas Fund Services (Guernsey) Limited:

Sara Bourne / Jean McMillan 01481 750850