RNS Number:0055R
Dexion Absolute Limited
16 October 2003

Dexion Absolute Limited (the "Company")

Estimated Net Asset Value

As at the close of business on 10 October 2003, the estimated net asset value
per ordinary share was 107.16 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 40 investments, 9 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.

Investment Policy

The Company's investment policy is to invest in an actively managed portfolio of
hedge funds which is diversified by investment strategy, style and manager, to
achieve attractive risk-adjusted returns with low correlation to equity and
fixed interest benchmarks. The Company does not invest in other UK listed
investment companies (including UK listed investment trusts).


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