KGR ABSOLUTE RETURN PCC LIMITED                        

                   ( Registered in Guernsey - Number 43789 )                   

                              Registered Office:                               

                         MARTELLO COURT, ADMIRAL PARK                          

                       ST PETER PORT, GUERNSEY, GY1 3HB                        

                          __________________________                           

                          TELEPHONE: +44 1481 751000                           

                          FACSIMILE: +44 1481 751001                           

                        e-mail: fundadmin@gg.fortis.com                        

For immediate release 8th October 2008

Estimated Net Asset Value

As at the close of business on 30th September 2008 the Estimated Net Asset
Value per share was 107.01 pence.

Please note the above estimate is after estimated costs and fees. This
valuation, which has been prepared in good faith by the Company's Investment
Manager, is for information purposes only and is based on the unaudited
estimated valuations supplied to the Company's Investment Adviser by investee
funds, their managers, investment advisers or administrators. Although the
Investment Manager and the Investment Advisor have evaluated all available
information and data, they have not confirmed the completeness or accuracy of
such information or data. In some cases managers or administrators of
underlying hedge funds may not be able to provide their estimated value in a
timely manner, and as a result no change will be made to their estimated value
for the purposes of this valuation. When finally determined, the actual
month-end Net Asset Value (or `final published price') may therefore be
materially different from this estimated value. Accordingly, no reliance should
be placed on such estimated Net Asset Value and it should only be taken as an
indicative guide.

Enquiries:

Fortis Fund Services (Guernsey) Limited

Company Secretary

Martello Court

Admiral Park

St Peter Port

Guernsey

GY1 3HB

Tel: 01481 751000

Fax: 01481 751001



END


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