RNS Number:7533O
Dexion Absolute Limited
15 August 2003

Dexion Absolute Limited (the "Company")

Estimated Net Asset Value

As at the close of business on 8 August 2003, the estimated net asset value per
ordinary share was 105.12 pence.

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
the administrators or managers of the Company's underlying investments. Such
estimates may be subject to little verification or other due diligence and may
not comply with generally accepted accounting practices or other generally
accepted valuation principles. In addition, some of those estimates may not be
supplied on a regular or timely basis with the result that the values of such
investments are based on the latest available estimates which may be some time
before the date set out above. Of the Company's 39 investments, 7 have not been
valued within seven days of the above date. Other risk factors which may be
relevant to this valuation are set out in the Company's listing particulars
dated 12 December 2002.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

NAVQELFFXVBZBBK