H3XS Newstar Rbc 3X�

RNS Number:4948C
New Star RBC Hedge250 IDX (3X GBP)
20 August 2007

20 August 2007



                                   HEDGE ETS

  (A closed-ended investment company incorporated in Guernsey with registered
 number 45501 under the provisions of The Companies (Guernsey) Law 1994 to 1996
      and the Protected Cell Companies Ordinance 1997 to 1998, as amended)



Posting of Circular and Extraordinary General Meeting



Since the Company was launched in October 2006, it has conducted four Share
issues which raised, in aggregate, approximately US$150 million. Such Share
issues were priced at a premium to the prevailing Net Asset Value per Share
based on a formula designed to insulate existing Shareholders from the costs of
issue and the potential dilution arising from using an estimated intra-month net
asset value, as opposed to a final month-end net asset value.



The Board has determined that, by using C Shares, the effective premium at which
new Shares are issued may be reduced, making such new Shares a relatively more
attractive investment, without prejudicing the interests of existing
Shareholders. The Board intends that the ability to issue C Shares shall be in
addition to its current power to make further issues of Shares, which it may
continue to do from time to time.



The Board is now seeking Shareholder approval to make the required changes to
the Company's Articles of Association.



Subject to market conditions, the Board is considering an issue of C Shares in
the last quarter of this year.



The Company will today post a circular to shareholders, which sets out the
details of the proposed changes to the Articles of Association and the
extraordinary general meeting, to be held at 4.30 p.m. on 12 September 2007, at
which shareholder approval of the Resolutions is required to enable the
Directors to implement the Proposal.



Copies of the circular are available for inspection at the registered office of
the Company, Arnold House, St Julian's Avenue, St Peter Port, Guernsey GY1 3NF.



A copy of the circular has been submitted for public inspection at the Document
Viewing Facility of the UK Listing Authority, The Financial Services Authority,
25 The North Colonnade, Canary Wharf, London E14 5HS.





Enquiries:



Pamela Le Cheminant
HSBC Securities Services (Guernsey) Limited   +44 1481 707122




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