Net Asset Value(s)

RNS Number:7206U
HSBC Global Absolute Limited
25 November 2005

HSBC Global Absolute Limited

November 25, 2005

London Stock Exchange

London EC2N 1HP

Dear Sir:

Please find detailed below the estimated net asset value per share for HSBC
Global Absolute Limited as at 18 November 2005:

GBP 0.8979

USD 1.6664

This is an estimated valuation of the net assets of the Company as at 18
November 2005. This valuation is for information purposes only and has not been
verified by the Company or the Manager. It is based on unaudited estimated
valuations supplied by the administrators, managers or investment advisers of
the Company's underlying investments. Whilst the Manager believes this
information to be useful investor information, it is subject to material change
and consequently no reliance should be placed as to its accuracy. Neither the
Company nor the Manager accept any liability whatsoever in regard to this
information. The only official valuation of the Company's portfolio is the
valuation produced as at the last business day of each month and reported via
RNS when released.



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