Portfolio Update

    Caliber Global Investment Limited.

2nd April 2008

Investment companies' disclosure

Caliber Global Investment Limited announces today that as at 31st March 2008

the Company's top ten holdings were:

      Issuer          Name                Current Amount  MV (000'S)    % of    
                                                    - MV              portfolio 
                                                                                
    1 BCARD 2006-A A2 Gracechurch Card    $10,074,046.69  $10,074.00       4.73%
                      PLC Series 2006-A                                         
                      Class A2                                                  
                                                                                
    2 BSABS 2004-FR3  Bear Stearns Asset   $7,020,000.00   $7,020.00       3.30%
      M7              Backed Securities                                         
                      Inc. 2004-FR3                                             
                                                                                
    3 WHINS 2X C2     Whinstone Capital    $6,916,752.48   $6,917.00       3.25%
                      Management 2                                              
                                                                                
    4 CWL 2004-BC4 M7 Countrywide Asset    $6,175,000.00   $6,175.00       2.90%
                      Backed Certificates                                       
                      2004-BC4                                                  
                                                                                
    5 AIREM 2004-1X   Aire Valley          $5,846,378.20   $5,846.00       2.75%
      3D1             Mortgages PLC                                             
                      2004-1                                                    
                                                                                
    6 ECLIP 2005-2 E  Eclipse PLC 2005-2   $5,219,961.78   $5,220.00       2.45%
                      E (Bellatrix)                                             
                                                                                
    7 .GEMIN 8.25 07/ Eclipse PLC 2006-3   $5,084,975.09   $5,085.00       2.39%
      25/19           E (Gemini)                                                
                                                                                
    8 BAYV 2005-A M2  Bayview Financial    $4,827,900.00   $4,828.00       2.27%
                      Acquisition Trust                                         
                      2005-A Class M2                                           
                                                                                
    9 RMS 19X B1A     Residential          $3,779,894.00   $3,780.00       1.78%
                      Mortgage Securities                                       
                      19                                                        
                                                                                
   10 CIREN 2006-1 C  Cirene Financial     $3,598,723.70   $3,599.00       1.69%
                      SRL 2006-1                                                
                                                                                
*The table above uses the latest available market prices, which may be the      
valuation as at the previous month end or the purchase price if the security    
was purchased in the prior month                                                



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