RNS Number:7396N
Dexion Absolute Limited
21 July 2003

21 July 2003

Dexion Absolute Limited (the "Company")

Proposed Fundraising


The Board of Dexion Absolute Limited announces that further to the strong asset
performance in the period since the Company's launch in December 2002 (estimated
net asset value of 105.83p as at 11 July 2003, up 7.7% since launch), and
against the background of ongoing secondary market demand which has resulted in
the Company's ordinary shares consistently trading at a premium to their net
asset value (mid-market price of 108p as at close on 18 July 2003), the Company,
in response to investor and shareholder demand, is considering a further issue
of shares. A further announcement will be made in due course.


Enquiries:


Hugh Field                           Tel: +44 (0)207 678 8000

Hoare Govett Limited

Anthony Payne                        Mobile: +44 (0)7930 643 983

Peregrine Communications             Email: apayne@peregrinecommunications.co.uk



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