News from Frostrow Capital

KGR Appoints Frostrow Capital

21 Apr 2008

Independent boutique investment company specialist, Frostrow Capital LLP, (“Frostrow Capital”), announces its appointment as Board Adviser to KGR Absolute Return PCC Limited (“KGR”).

Headed by Alastair Smith, Frostrow Capital is unique in being dedicated to performing the entire executive function for investment companies, with the exception of portfolio management.

Rupert Dorey, Chairman of KGR said:
"The Board is very pleased that Frostrow Capital has been engaged to oversee the accounting, administrative, operational, advisory and company secretarial services provided to KGR. We look forward to a constructive and beneficial association."

Alastair Smith, Managing Partner of Frostrow Capital added:
"I am delighted by this appointment as it is a strong endorsement of our independent offering to the investment company sector. We look forward to working with the Board of KGR and with the Investment Adviser, KGR Capital (Hong Kong) Limited."

About KGR
KGR Absolute Return PCC Limited (“KGR”) is a Guernsey incorporated Protected Cell Company with an unlimited life and which was launched in October 2005 and listed in London. KGRAR has a single cell, KGR Asia Dynamic, a fund of Asian hedge funds, with net assets as at 31 December 2007 of £55million. The manager of KGR is Kleinwort Benson (Channel Islands) Fund Services Limited and the investment adviser is KGR Capital (Hong Kong) Limited.

KGR Capital was established in 2002 to provide specialist management and advice on investments in Asian hedge funds. KGR Capital (Hong Kong) Limited is licensed as an Investment Adviser by The Securities and Futures Commission of Hong Kong. The directors and team at KGR Capital have extensive experience in Asia, and have offices in Hong Kong and London. KGR Capital has recently entered into an agreement to be acquired by LGT Capital Partners. LGT Capital Partners is a leading alternative assets and fund of funds manager for institutional investors and currently manages over US$17 billion in hedge fund and private equity investments globally. It is headquartered in Pfaeffikon (SZ), Switzerland.

More information about KGR can be found at:
www.kgrcapital.com