RNS Number:4569O
Henderson Absolute Rtn Portfolio Ld
07 August 2003


HENDERSON ABSOLUTE RETURN PORTFOLIO LIMITED

7 August 2003


      Henderson Absolute Return Portfolio Limited - liquidation proposals


As announced on 25 July 2003, the extraordinary general meeting of the Company
convened for that day, to consider resolutions in connection with the proposed
tender offer, was adjourned. The adjournment was necessary because the Board had
received a requisition from Carrousel Capital Ltd for alternative proposals to
be put to the Company's shareholders.


Having considered the options available to the Company and consulted a number of
major shareholders, the Board considers that it is in the best interests of the
Company and shareholders as a whole that proposals relating to a voluntary
liquidation of the Company are put to shareholders. In response to such
proposals, Carrousel Capital Ltd has agreed to withdraw its requisition.


The Board will be writing to shareholders in October setting out their
recommendations in relation to the liquidation proposals with a view to
returning cash to shareholders in January 2004.


In the context of these developments, and in order to minimise the cost to the
Company, the Board will immediately be giving Henderson Global Investors Limited
12 months' notice of termination of the management agreement in accordance with
its terms.

                                    - ENDS -


Enquiries

Henderson Global Investors


Stephen Westwood                        020 7818 5517

Stephen Phillips                        020 7818 6417


UBS Limited


Will Rogers                             020 7569 2939

Nicholas Rucker                         020 7568 8574





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