HSGU Hsbc Icav Gl Su

RNS Number:5979I
HSBC Global Absolute Limited
06 September 2006

HSBC Global Absolute Limited

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


6 September 2006


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


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

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