REG-KGR Absolute Return: Holding(s) in Company

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
Email: fundscosec@gg.fortis.com

For Immediate Release

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

(a closed-ended protected cell company incorporated in Guernsey)

TR-1 NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached:

KGR ABSOLUTE RETURN PCC ASIA DYNAMIC

2. Reason for the Notification State YES or NO

An acquisition or disposal of voting YES
rights:

An acquisition or disposal of financial NO
instruments which may result in the
acquisition of shares already issued to
which voting rights are attached:

An event changing the breakdown of voting NO
rights:

Other (please specify): NO

3. Full name of person(s) subject to the Midas Capital plc
notification obligation:

4. Full name of shareholder(s) (if different See section 9 below
from 3 above):

5. Date of the transaction (and date on which 15 May 2009
the threshold is crossed or reached if
different):

6. Date on which issuer notified: 19 May 2009

7. Threshold(s) that is/are crossed or Was 10.93%, Now 11.18%
reached:

8. Notified details:

A: Voting Rights attached to Shares

Class/type of Situation previous Resulting situation after the triggering
shares if to the triggering transaction
possible using transaction
the ISIN CODE

Number of Number of Number of Number of Voting % of Voting
Shares Voting Shares Rights Rights
Rights

Direct Direct Indirect Direct Indirect

GMB00B0MSVZ38 6,520,000 6,520,000 6,670,000 N/A 6,670,000 N/A 11.18%

B: Financial Instruments

Resulting situation after the triggering transaction

Type of Expiration Date Exercise/ Number of % of Voting
Financial Conversion Voting Rights Rights
Instrument Period/Date that may be
acquired if the
instrument is
exercised/
converted

N/A N/A N/A N/A N/A

TOTAL (A + B)

Number of Voting Rights % of Voting Rights

6,670,000 11.18%

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:

CF Midas Growth Fund Bank of New York Nominees Ltd A/C 392512 3,600,000

Segregated Account Bank of New York Nominees Ltd A/C 318901 420,000

Segregated Account Bank of New York Nominees Ltd A/C 111359 350,000

CF iimia Growth Fund HSBC Global Custody Nom (UK) Ltd A/C 949182 755,000

iimia Investment Trust Bank of New York Nominees Ltd A/C 178055 1,120,000

CF iimia Accelerated Fund Bank of New York Nominees Ltd A/C 391998 425,000

PROXY VOTING

10. Name of the proxy holder: N/A

11. Number of voting rights proxy holder will N/A
cease to hold:

12. Date on which proxy holder will cease to N/A
hold voting rights:

13. Additional information Midas Capital Partners
Limited,

Miton Asset Management
Ltd and iimia plc are all
subsidiaries of Midas
Capital plc

14. Contact name: John Bradley

15. Contact telephone number: 0151 906 2462

Enquiries:

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

Telephone: 01481 751000
Facsimile: 01481 751001

END