Redemption Facility

RNS Number:6825A
HSBC Global Absolute Limited
30 March 2006


HSBC Global Absolute Limited

HSBC Private Bank Building, Rue du Pre, St Peter Port, Guernsey GY1 1LU


30 March, 2006

Regulatory News Service

London Stock Exchange

London

EC2N 1HP



Dear Sir,

Notice to the London Stock Exchange and the Channel Islands Stock Exchange
regarding redemption of shares in HSBC Global Absolute Limited

Shareholders will be aware that the Directors of HSBC Global Absolute Limited
(the "Company") have discretion to offer periodic limited redemption of shares
(the "Redemption Facility") at prevailing Net Asset Value ("NAV"). The Directors
have determined that the Company will not offer the Redemption Facility to
shareholders as at 30 June 2006.


In reaching this decision, the Directors noted that;


 1. trading in the Company's shares has been active and recently at a premium to
    NAV;


 2. it is not considered currently in shareholder interests to redeem shares at
    NAV when shares could be realised at a higher market price;


 3. new shares in the Company have recently been issued to meet demand;


 4. the portfolio is fully invested and has protected capital well in turbulent
    markets since inception; and


 5. in the Directors' opinion the quality and diversification evident in the
    Company's portfolio means that it is well positioned to facilitate growth in
    NAV.


Shareholders should not infer that this determination by the Company's Directors
in any way implies that in future the Directors either will or will not use
their discretion to offer the Redemption Facility to shareholders. At any
relevant future date, the Directors will take into account the then prevailing
circumstances.


Paul Wrench

Managing Director

HSBC Management (Guernsey) Limited

Rue du Pre, St.Peter Port, Guernsey, GY1 1LU

END.


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