Director Declaration

India Capital Growth Fund Limited
25 May 2007


This announcement replaces one released at 12.01hrs 25.05.07 (RNS No. 2551x)

India Capital Growth Fund Limited
25 May 2007

Appointment and Resignation of Non Executive Director - Correction of earlier
Announcement

India Capital Growth Fund Limited is pleased to announce the appointment of
Julian Carey to the board with effect from 31 March 2007.

The appointment of Julian follows the resignation of Robert King, who resigned
in order to pursue other business interests.

The delay in this announcement was due to an administrative oversight

Enquiries:

The Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Limited
Trafalgar Court
Les Banques
St Peter Port
Guernsey
GY1 3QL

01481 745439

Press Enquiries

END



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