KGR Absolute Return PCC Limited

The Company announces that it has today issued 3,299,999 redeemable
participating preference shares in the Company (in respect of its KGR Asia
Dynamic 1 (GBP) Cell) for cash at a price of 102.6 pence per share.

The number of shares in the above class following the issue of these shares is
47,299,999.

N T Massey

Kleinwort Benson (Channel Islands) Fund Services Limited

Tel 01481 727111



END



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