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Korea Bond Fund PLC (KBF)

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Thursday 19 October, 2000

Korea Bond Fund PLC

Declaration of Dividends

Korea Bond Fund PLC
18 October 2000

RE: DECLARATION OF DIVIDENDS

The Directors of Korea Bond Fund plc (the 'Fund') wish to announce that at a
Board meeting held on October 17, 2000 the Board resolved to declare an annual
distribution at the rate of $0.784662 per share for the year ending September
30, 2000. The distribution will be paid on October 25, 2000 and the record date
was October 17, 2000.

Enquiries:  

Deutsche International (Ireland) Limited         Daire Murphy
                                                 Phone (+3531)607 6300

NCB Stockbrokers Limited                         Andrew Bowen
                                                 Phone (+3531)611 5907


                                                          

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