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Korea Bond Fund PLC (KBF)

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Wednesday 12 January, 2000

Korea Bond Fund PLC

Amendment to Prospectus

Korea Bond Fund PLC
10 January 2000

Re:  Amendment of the Definition of 'Valuation Point' in the Prospectus

The Board of Directors of Korea Bond Fund plc (the 'Fund') wish to announce that
they have resolved to delete the definition of 'Valuation Point' on page 9 of
the Prospectus of the Fund and replace it with the following definition:

'10 a.m. (Irish time) on the relevant Valuation Day'

The amendment of the definition of Valuation Point shall be effective from 6
January 2000.

ENQUIRIES:
Dillon Eustace   Fiona Mulcahy      +353 1 667 0022


                                                                                                                                                                                                 

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