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Korea Asia Fund Ld (01HG)


Tuesday 01 February, 2000

Korea Asia Fund Ld

Board Meeting Agrees Share Buy Back Proposal

Korea Asia Fund Ltd
1 February 2000

Please be advised that at the board meeting of the company held on 27 January
2000 the Board decided to put forward proposals to the shareholders for
authority to buy back shares in the company.  It is anticipated that an
Extraordinary General Meeting will be held within the next two months to
consider such proposals.  Shareholders will receive in due course a circular
explaining the proposals and convening the Extraordinary General Meeting. 

Contact in case of queries:
Steve Martin 01727 733102


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