KGR Kgr Absolute

    KGR ABSOLUTE RETURN PCC LIMITED                        

                   ( Registered in Guernsey - Number 43789 )                   

                              Registered Office:                         

                         MARTELLO COURT, ADMIRAL PARK                      

                       ST PETER PORT, GUERNSEY, GY1 3HB                        

                          __________________________                           

                          TELEPHONE: +44 1481 751000                           

                          FACSIMILE: +44 1481 751001                           

                        e-mail: fundadmin@gg.fortis.com                        

For immediate release 17th November 2008

KGR ABSOLUTE RETURN PCC LIMITED - KGR ASIA DYNAMIC 1 (GBP)

(a closed-ended protected cell company incorporated in Guernsey with
registration number 43789)

Suspension of Currency Hedging

Further to the Company's Interim Management Statement released on 12th November
and following further significant depreciation of the value of sterling against
the US dollar, the Board has decided that it is appropriate to suspend
temporarily the operation of its currency hedging arrangements with immediate
effect. These arrangements have been successful in reducing the volatility of
the NAV in the past and the Directors intend to reinstate them as soon as
practicable. A further announcement will be made prior to the resumption of
currency hedging.

Enquiries:

Fortis Fund Services (Guernsey) Limited
Company Secretary
Martello Court
Admiral Park
St Peter Port
Guernsey
GY1 3HB

Tel: 01481 751000
Fax: 01481 751001



END

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