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Korea Asia Fund Ld (01HG)


Monday 27 November, 2000

Korea Asia Fund Ld

Result of EGM

Korea Asia Fund Ld
27 November 2000

            Shareholder approval for the winding up of the Company

At the Extraordinary General Meeting of the Company held at 4.00pm on 27
November 2000, shareholders approved the special resolution that the Company
be wound up voluntarily and the appointment of Jeremy Spratt and Roger Smith
of KPMG as joint liquidators. ('the Liquidators').

Stock Exchange Dealings

Dealings on the London Stock Exchange will be suspended with effect from
7.30am (London time) on 28 November 2000.

Distribution to shareholders

The Liquidators have indicated that they intend to ensure an orderly and
controlled realisation of the Company's assets as soon as practicable and are
hopeful of making a first distribution to shareholders within four weeks.

Jeremy Spratt

KPMG (Joint Liquidator)

Tel: 020 7311 3933

Steve Martin

KPMG (Company Secretarial Advisors)

Tel: 01727 733102

Tom Durie

HSBC Investment Bank plc (Broker to the Company)

Tel: 020 7336 2004


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