19 February 2013

Dexion Absolute Limited

2011 Redeemed Shares

Fourth Payment of Redemption Monies for Redeemed € Shares

Further to the announcement on 10 August 2012, the Board of Dexion Absolute Limited (the "Company") confirms that the fourth redemption payment for Redeemed € Shares will be US$ 0.031819 per Redeemed € Share and is expected to be made on 28 February 2013.

Payments now made (or advised) to Redeeming € Shareholders total approximately 91 per cent. (in US$ terms) of the NAV of such Redeemed € Shares as at 31 May 2011, the Portfolio Split Date.

Following this fourth redemption payment, the NAV of the Redemption Portfolio, based on the estimated NAV of such Redeemed € Shares as at 31 January 2013, will be approximately US$5.1 million, of which approximately US$4.6 million is invested in designated investments (or "side pockets") that have no definitive redemption date. The value of designated investments equates to approximately 91.9% of the Redemption Portfolio's expected NAV immediately following the fourth redemption payment.

US dollar redemption proceeds received by the Company will be converted into € using the prevailing spot foreign exchange rate as at approximately 1600hrs GMT on 25 February 2013.

This fourth payment of redemption monies to Redeeming € Shareholders whose Redeemed € Shares are held in uncertificated form (that is in CREST) will be made through the CREST system to the Redeeming € Shareholder's CREST account. Payments of redemption monies to Redeeming € Shareholders whose Redeemed € Shares are held in certificated form (that is not in CREST) will be made by way of cheque (drawn on a branch of a UK clearing bank) by post to the registered address of the Redeeming € Shareholder (or, in the case of joint holders, the holder whose name appears first in the register of members) at the sole risk of that Redeeming € Shareholder.

Enquiries:

Chris Copperwaite

Dexion Capital (Guernsey) Limited

Tel: +44 (0) 1481 732815

Terms used in this announcement shall, unless the context otherwise requires, bear the meanings given to them in the Circular dated 15 April 2011.