Conversion notice

    RNS Number : 3330A
  HSBC Global Absolute Limited
  31 July 2008
   

    HSBC GLOBAL ABSOLUTE LIMITED (THE "COMPANY")

    Conversion Notice


    The Company's Articles of Association incorporate provisions enabling shareholders of either class of shares to convert all or part of
their holding into shares of the other class as at the last business day of March and September each year (each a 'Conversion Date').

    Such conversion will be on the basis of the ratio of the last reported net asset value ("NAV") of the class of shares held (less the
costs of effecting such conversion), to the last reported NAV of the class of shares into which they will be converted (each as at the
relevant month-end NAV calculation date) and otherwise as set out in the Company's articles of association.

    Shareholders may convert shares of either class into shares of the other class by giving not less than 10 business days notice to the
Company in advance of the relevant Conversion Date.

    In the case of shares held in uncertificated form, the relevant USE instruction(s) must be submitted to Capita Registrars at least 10
business days before the relevant Conversion Date using the CREST information provided below:

    CREST PARTICIPANT ID - RA10

    MEMBER ACCOUNT CODE:

    STERLING TO US DOLLAR     - GBP2USD

    US DOLLAR TO STERLING     - USD2GBP

    In the case of shares held in certificated form, a Conversion Notice must be requested from the Company's Registrars at the following
address, or may be obtained from the Company's website www.hsbcabsolute.com:

    Capita Registrars (Corporate Actions)
P.O. Box 166
34 Beckenham Road
    Beckenham
    Kent BR3 4TH

    Telephone:

    From UK: 0870 162 3100
    From Overseas: [phone]

    To be valid the Conversion Notice and the appropriate share certificate must be received at the above address at least 10 business days
before the relevant Conversion Date.

    The date on which conversion will take place will be determined by the directors but will not be more than 20 business days after the
Conversion Date.

    In addition shareholders should note, however, that fractions of shares arising on conversions will be rounded down and hence the
aggregate NAV of those shares held after conversion may be less than before such conversion. Shareholders should also note that if they
elect to convert shares they will be unable to deal in those shares in the period between giving notice of conversion and the actual date of
conversion. Such notice once given shall be irrevocable without the consent of the Directors.

    This notice is for information only. Any shareholder who is in any doubt whether or not to convert is recommended to contact an
independent financial adviser.

    Expected timetable

    Latest date for submission of relevant USE 
    instruction(s) or receipt of Conversion Notice 
    and share certificate (as appropriate)                                                           16 September 2008

    Conversion Date                                                                                        30 September 2008

    Latest date on which conversion will take place                                            28 October 2008    


    For further information regarding the bi-annual conversion facility, please contact Clive Paine on [phone],
[e-mail]


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