Monthly Commentary

Prodesse Investment Limited
09 April 2008


9 April 2008

                          MONTHLY INVESTOR COMMENTARY

FIDAC, the investment manager of Prodesse Investment Limited, has today posted
its March 2008 monthly investor commentary on the US Economy, US Mortgage
Market, and the US Markets.

This month's headlines are:

The Economy: The market exhibits classic Prisoner's Dilemma behavior
The Mortgage Market: Mortgages stabilize after furious policy activity
The Markets: The Fed cuts, but the curve does not steepen

Investors can access a copy of the Monthly Commentary at www.prodesse.co.uk

Press and Analyst Enquiries:

Rob Bailhache / Nick Henderson, Financial Dynamics
Tel: [phone]



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