HSGU Hsbc Icav Gl Su

RNS Number:3632D
HSBC Global Absolute Limited
05 September 2007

HSBC Global Absolute Limited
St Martin's House, Le Bordage, St Peter Port, Guernsey GY1 1LU

5 September 2007

Regulatory News Service
London Stock Exchange
London
EC2N 1HP


Dear Sir,

HSBC Global Absolute Limited (the "Company") announces that at the Annual
General Meeting of the Company held on 4 September 2007, the following ordinary
resolution was passed:

"THAT the Company be authorised in accordance with the Companies (Purchase of
Own Shares) Ordinance, 1998 to make market purchases (within the meaning of
section 5 of the said Ordinance) of redeemable participating preference shares
designated as US Dollar shares ("US Dollar Shares") and Sterling Hedged shares
("Sterling Hedged Shares"), provided that the maximum number of US Dollar Shares
and Sterling Hedged Shares hereby authorised to be purchased is 7,369,320 US
Dollar Shares and 2,531,335 Sterling Hedged Shares or such other lesser amounts
as shall equal 14.99 per cent of the US Dollar Shares or Sterling Hedged Shares
(as appropriate) in issue as at the date of the passing of this resolution.  The
minimum price which may be paid for a US Dollar Share or Sterling Hedged Share
is 1p and the maximum price which may be paid for a US Dollar Share or Sterling
Hedged Share is an amount equal to 105 per cent. of the average market values
for a US Dollar Share or Sterling Hedged Share (as appropriate) taken from the
Official List of the UK Listing Authority for the five business days immediately
preceding the day on which the US Dollar Share or Sterling Hedged Share is
purchased.  Such authority expires at the conclusion of the 2008 annual general
meeting of the Company."

This authority will be exercised by the Company in order to address any
imbalance between the supply of and demand for US Dollar Shares and Sterling
Hedged Shares in the market.  Purchases will only be made through the market for
cash at prices below the prevailing net asset value of a US Dollar Share or
Sterling Hedged Share where the directors believe such purchases will result in
an increase in the net asset value of the remaining US Dollar Shares or Sterling
Hedged Shares and to assist in narrowing any discount or premium to net asset
value at which the US Dollar Shares or Sterling Hedged Shares may trade.






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