Net Asset Value(s)

RNS Number : 8288T

Advance Developing Markets Fund Ltd

04 October 2010

 



Advance Developing Markets Fund Limited announces that its unaudited Net Asset Value (NAV) as at the close of business on 01 October 2010 was as follows:

	Net Assets         (millions)	NAV per ordinary share
Undiluted	£357.4	541.97p
Diluted	£392.8	502.84p

Notes:

The above NAV figures are based on 65,940,247 ordinary shares and 12,180,757 subscription shares in issue.

Investments in the Company's portfolio have been valued on a bid price basis in the above calculations.

The above NAV figures include current financial year revenue items.

Diluted net assets and NAV assume full conversion of all outstanding subscription shares to ordinary shares at the subscription price of 291.0p per share

Enquiries:

Advance Emerging Capital Limited (Investment Manager to Advance Developing  Markets Fund Limited)

Dr Slim Feriani                         Tel: [phone]                   

Cavendish Administration Limited (UK Administration Agent)

Anthony Lee / Russell Scott      Tel: [phone]

Ordinary Shares - Listing Category: Premium - Equity Closed-ended Investment Funds

Subscription Shares - Listing Category: Standard - Shares

 

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