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Wednesday 30 April, 2008

New Star Absolute

Dividend Declaration

New Star Absolute Return Fund PCC 
30 April 2008



                   NEW STAR ABSOLUTE RETURN FUND PCC LIMITED

  (A closed-ended investment company incorporated in Guernsey with registered
 number 45060 under the provisions of The Companies (Guernsey) Law 1994 to 1996
      and the Protected Cell Companies Ordinance 1997 to 1998, as amended)



30 April 2008





Income Share Dividend Announcement



The Directors of New Star Absolute Return Fund PCC Limited (the 'Company') have

declared an interim dividend, payable as follows:



Ex-Dividend Date: 7 May 2008



Record Date: 9 May 2008



Payment Date: 27 May 2008



Dividend per share: 1.25p per Income Share





For further information, please contact:



Alison Bilham, HSBC Securities Services (Guernsey) Limited



Tel: + 44 (0)1481 707213





ENDS




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