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Thursday 29 May, 2003

Euro-Partners Arb.Fu

Re: Resignation of Director

Euro-Partners Arbitrage Fund
29 May 2003


                                        COMPANY ANNOUNCEMENT

For Immediate Release                                                                     29 May 2003

                                  EURO-PARTNERS ARBITRAGE FUND LTD

                                    RE: Resignation of a Director





The Board of Directors (the 'Board') of the Euro-Partners Arbitrage Fund Ltd
(the 'Fund') wish to announce that Mr. Anthony Rosenfelder resigned as a
Director of the Board for professional reasons.  Mr. Rosenfelder resigned with
effect from 17 April 2003.



There will be no appointment made to replace Mr. Rosenfelder at this time.








Enquiries:

Bank of Bermuda Limited                                                                   Ms Nancy McLeod

                                                                                   Phone: +1 441 299 5763

NCB Stockbrokers Limited                                                               Ms Margot McDonagh

                                                                                   Phone: +353 1 611 5907









This announcement has been issued through the Companies Announcement Service of

                            The Irish Stock Exchange






                      This information is provided by RNS
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