Liquidation Proceeds

Siam Investment Fund
28 April 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$2.00 per share, to all shareholders of record
as of April 25, 2006.


Payment will be made on or about May 5, 2006.     




SIAM INVESTMENT FUND 
Craig Alan Wilson 
Secretary to the Liquidators 
Phone: [phone]



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