Result of AGM

Siam Investment Fund
1 November 2004


                               SIAM INVESTMENT FUND

Results of Annual General Meeting

The Board of Directors of the Siam Investment Fund (the 'Fund') wishes to
announce that at an Annual General Meeting of the shareholders held on November
1, 2004 in Bangkok, Thailand, shareholder approval was received for the
following two items:

(1)   adoption of the Annual Report and Accounts for the year ended March 31,
      2004

(2)   appointment of Grant Thornton as auditors of the Fund

Craig Alan Wilson
Secretary to the Board of Directors
Phone: [phone]

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