KGR Absolute Return PCC Limited 2 May 2008 Proposed fund raising The Board of KGR Absolute Return PCC Limited (the `Company') announces that it
is considering issuing further shares in the Company's cell, KGR Asia Dynamic 1
(`Asia Dynamic') by way of a placing of `C' shares.
Asia Dynamic aims to provide long term capital appreciation through investment
in a diversified multi-manager, multi-strategy portfolio of hedge funds
investing in Asia. Asia Dynamic is advised by KGR Capital (Hong Kong) Limited
whose parent company, KGR Capital Management Ltd, has entered into an agreement
to be acquired by LGT Capital Partners.
During the recent difficult market conditions, Asia Dynamic has been able to
deliver consistent, steady performance in both its net asset value and share
price. The Board is aware of interest in acquiring shares in Asia Dynamic from
a range of investors and accordingly, the issue of `C' shares is being
undertaken to address this demand.
Full details on the timing of the issue will be published in due course, but it
is expected that the `C' shares will commence trading in the early summer.
For further information please contact: Mark White or Edward Cartwright KGR Capital 020 7823 2900 Darren Willis Winterflood Investment Trusts 020 3100 0258 END
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