Korea Asia Fund Ld
21 December 2000
The Korea Asia Fund Limited (in liquidation)
The joint liquidators of The Korea Asia Fund Limited, Jeremy Spratt and Roger
Smith of KPMG, are pleased to announce that a first interim distribution of
$2.35 per Ordinary share will be paid to shareholders today.
The joint liquidators understand that payments made to Chase Manhattan Bank
Luxembourg SA as IDR issuer and CITIVIC Nominees Limited will be credited to
the beneficiaries' accounts tomorrow.
The joint liquidators currently anticipate that a further interim distribution
will be made to shareholders early in the new year.
21 December 2000
Jeremy Spratt (Joint Liquidator)
KPMG
Tel: 020 7311 3933
Chris Shaw
KPMG
Tel: 020 7311 3781