Investment Policy - Update

    RNS Number : 5458V
  HSBC European Absolute Limited
  29 May 2008
   




    HSBC European Absolute Limited
    St. Martin's House, Le Bordage, St.Peter Port, Guernsey GY1 4AU


    29 May 2008

    HSBC European Absolute Limited (the "Company")

    Further to their announcement of 20 May, 2008, the Directors of HSBC European Absolute Limited announce that they have now resolved to
bring forward proposals for the Company which either will involve its liquidation or will otherwise enable those shareholders who so wish to
realise their investment for cash. Provided it is economic to do so, the Board intends to make available one or more successor investment
vehicles for those shareholders who wish to roll over their investment rather than realise it for cash.

    The proposals will be subject to shareholders' approval. A shareholder circular giving full details is in preparation and will be
despatched as soon as practicable and further announcements made as appropriate.

    Enquires

    Robert Naylor, Landsbanki Securities (UK) Ltd, 020 7426 9000

    Noel von Kaltenborn, HSBC Alternative Investments Ltd, 020 7860 3067

    END.

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