Liquidation Proceeds Payment

Siam Investment Fund
01 November 2006


                           SIAM INVESTMENT FUND
                  Interim Payment of Liquidation Proceeds

The Liquidators of the Siam Investment Fund (the 'Fund') wish to announce that
they have resolved to make an interim payment out of the proceeds of liquidation
of the Fund, in the amount of US$0.20 per share, to all shareholders of record
as of October 31,2006:

Payment will be made on or about November 8, 2006.



SIAM INVESTMENT FUND 
Napaporn Salyajivin 
On behalf of the Liquidators 
Phone: [phone]




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