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 9th December 2008

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

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

Resumption of Currency Hedging


Further to the announcement on 17 November 2008, the board of KGR Absolute
Return PCC Limited is pleased to announce the resumption of the Company's
currency hedging. The Company has negotiated new and more extensive credit
arrangements with LGT Bank in Liechtenstein and, as a result, the Board expects
the policy of fully hedging the currency of denomination of the underlying
funds back into Sterling can be resumed. This policy has been successful in
reducing the volatility of the NAV in the past. However, bearing in mind the
continued volatility of currency markets, the board intends initially to
reinstate the hedging of one third of the company's US$ exposure with effect
from 10 December 2008 and will announce further increases in the level of
hedging in due course.

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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