ACMH Acmh Ltd

RNS Number:2397G
Absolute Capital Mgmt Holdings Ltd
24 October 2007





Absolute Capital Management Holdings Limited
(the "Company")

Funds Update - Reopening of Absolute Germany Fund Limited

The Company wishes to announce that the Absolute Germany Fund Limited (the
"Fund") has lifted the suspension of  calculation of its net asset value ("NAV")
with immediate effect. With the lifting of the suspension of the calculation  of
NAV, the Fund will reopen to subscriptions and redemptions in the normal course.
The suspension had been implemented  on 20 September 2007 following the sudden
and unexpected resignation of Florian Homm, the Company's former Co-Chief 
Investment Officer. As at 31 August 2007, the Fund's net assets stood at US$381
million, and its cumulative return  since inception in January 2004 was 91.69%.

The Company expects that the Fund's administrator, Fortis Prime Fund Solutions
(IOM) Limited, will release the Fund's  official 30 September 2007 NAV figure
concurrently with the Fund's official 31 October 2007 NAV figure. The 31 October
2007 NAV figure will be released in the usual time frame, i.e. during the third
week of November.

Going forward, the Fund will be managed by Jens Peters and Antonio Porsia in
place of Stefan Heieck and Frank  Siebrecht, who resigned from the Company
earlier this month, citing personal reasons. Jens Peters, a German national, 
has an excellent investment track record across the Company's event driven and
Absolute India funds. Antonio Porsia is  the lead manager for the Absolute Large
Cap & Absolute Return Europe funds. Both Jens and Antonio have in depth 
knowledge and expertise in the German investment market, and in particular the
German large cap space. Their focus will  be on generating absolute performance
with an investment bias on German large cap stocks. Realisable liquidity will 
remain a key investment criterion for the Fund.

The Company wishes for investors to take note that despite recent events and the
Fund's recent negative performance  which was attributable in large part to the
events following Mr. Homm's resignation, the Fund is on a solid footing and  is
well positioned to take advantage of favourable trading conditions resulting
from the resurgent German economy  through 2008.

Jonathan Treacher, Chief Executive Officer of the Company, said "The events of
the past five weeks have been tough on  all of the Company's investors,
including those invested in the Absolute Germany Fund. Though the Fund was only
very  minimally invested in the illiquid positions, it was caught in the
downdraft brought on by the sudden and unexpected  resignation of Florian Homm.
We fully expect that the Fund will recover from its recent negative performance
and that  investors who stay invested in the Fund will be rewarded in the months
ahead. I have full confidence in Jens Peters and  Antonio Porsia, both of whom
have proven themselves to be talented managers, and have performed admirably
through this  challenging period."



Enquiries:

Absolute Capital Management           +34 (971) 765553
Holdings Limited
Jonathan Treacher, CEO

Panmure Gordon                        020 7459 3600
Dominic Morley

Cardew Group                          020 7930 0777
Tim Robertson
Shan Shan Willenbrock
David Roach




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

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