RNS Number:6808J
CMA Global Hedge PCC Ltd
11 December 2007



CMA Global Hedge PCC Ltd.
11 December 2007


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 ("Articles") 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 Net Asset Value ("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.

Holders of uncertified Shares can convert their holdings by sending a USE
message to Capita Registrars, using the CREST information provided below:

CREST ID - RA10

MEMBER ACCOUNT:
STERLING TO EURO                          -               GBP2EUR
STERLING TO US DOLLAR                     -               GBP2USD
EURO TO STERLING                          -               EUR2GBP
EURO TO US DOLLAR                         -               EUR2USD
US DOLLAR TO STERLING                     -               USD2GBP
US DOLLAR TO EURO                         -               USD2EUR

In the case of Ordinary Shares held in certified form, a Conversion Notice will
be 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:  +44 208 639 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 2007

Conversion Calculation Date                                     31 December 2007

Conversion Date                                                 18 February 2007


Enquiries:

Jenny Le Cheminant                                       Tel: +44 (0)1481 707083
HSBC Securities Services (Guernsey) Limited







                                     -end-






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