RNS Number:3016N
CMA Global Hedge PCC Ltd
06 December 2006

CMA Global Hedge PCC Ltd.
6 December 2006

Conversion Notice

In order to offer investors flexibility of investment currency, CMA Global Hedge
PCC Limited ("The Company") has three classes of Shares - denominated in EUR,
USD and GBP.  The Company's Articles of Association incorporate provisions
enabling Shareholders of any one class of Shares to convert all or part of their
holding into Shares of any other class as at the NAV Calculation Date referable
to the months of June and December in each year (each a 'Conversion Calculation
Date').

Such conversion will be on the basis of the ratio of the NAV of the class of
Shares to be converted from (less the costs of effecting such conversion), to
the NAV of the class of  Shares to be converted to (each as at the relevant NAV
Calculation Date) and otherwise as set out in the Articles.

Shareholders may convert  Shares of any class into Shares of any other class by
giving not less than 5 business days notice to the Company in advance of the
relevant Conversion Calculation Date, in the form of a Conversion Notice
available on request from the Company's Registrars at the following address:

Capita Registrars
The Registry
34 Beckenham Road
Beckenham
Kent BR3 4TU
United Kingdom

Tel: 0870 162 3100
From Overseas:  +44 20 8639 2157

To be valid, the Conversion Notice and, where relevant, the appropriate Share
certificate must be received at the above address at least 5 business days
before the relevant Conversion Calculation Date.  In addition, in the case of
Shares held in uncertificated form, the relevant USE instruction must also be
submitted at least 5 business days before the relevant Conversion Calculation
Date.

Shareholders should note, however, that fractions of  Shares arising on
conversions will be rounded down hence the aggregate Net Asset Value of those
Shares held after conversion may be less than before such conversion.
Shareholders should also note that if they elect to convert Shares they will be
unable to deal in those Shares in the period between giving notice of conversion
and the actual date of conversion which may be 35 business days or longer.  Such
notice once given shall be irrevocable without the consent of the Directors.

This notice is for information only.  Any Shareholder who is in any doubt
whether or not to convert is recommended to contact an independent financial
adviser.

Expected timetable:

Latest date for receipt of Conversion Notice and submission of relevant USE
instruction or Share certificate (as appropriate)             21 December 2006

Conversion Calculation Date                                   29 December 2006

Conversion Date                                               12 February 2007


Enquiries:

Susan Saunders                                         Tel: +44 (0)1481 707157
HSBC Securities Services (Guernsey) Limited





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