Net Asset Value(s)

Advance Developing Markets Fund Limited announces that its unaudited
Net Asset Value (NAV) as at the close of business on 20 November 2009
was as follows:

          Net Assets         (millions) NAV per ordinary share

Undiluted £291.9                        442.60p

Diluted   £327.3                        418.96p


Notes:
The above NAV figures are based on 65,940,237 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.

---END OF MESSAGE---




This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.