Net Asset Value(s)

RNS Number : 8742V

Advance Developing Markets Fund Ltd

09 November 2010

 



Advance Developing Markets Fund Limited announces that its unaudited Net Asset Value (NAV) as at the close of business on 5 November 2010 was as follows:

	Net Assets         (millions)	NAV per ordinary share
Undiluted	£383.6	561.74p
Diluted	£412.2	527.67p

Notes:

The above NAV figures are based on 68,290,851 ordinary shares and 9,830,153 subscription shares in issue following the exercise of the conversion rights of 2,350,604 subscription shares on 29 October 2010.

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

 

END

 

 

NAVFKLFBBFFEFBD