RNS Number:3421A
HSBC Global Absolute Limited
16 July 2007


HSBC Global Absolute Limited announces that it has redeemed the following shares
at the Net Asset Value ruling as at 29 June 2007:

7,629,737 Sterling Hedged Shares at a price of GBP1.0808 per Sterling Hedged
Share; and
1,212,076 US Dollar Shares at a price of US Dollar 2.0242 per US Dollar Share.

The Company had 16,886,828 Sterling Hedged Shares and 46,661,576 US Dollar
Shares in issue following this redemption.




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

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