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Thursday 23 May, 2002

TIR Currency (The)

Delisting of Class A & B

TIR Currency Fund Limited (The)
23 May 2002

                                 COMPANY ANNOUCEMENT

                          THE TIR CURRENCY FUND LIMITED
                                  (the 'Company')

For immediate release                  23 May 2002

                 Re.: Delisting of Class A Shares & Class B Shares

The Directors of the Company wish to announce that, with effect from 10 May
2002, all Class A Shares and Class B Shares have delisted.

RSM Robson Rhodes              Orlagh Mc Dermott
                               Phone: + 353 1 661 4585

HSBC Fund Administration (Ireland) Limited      Rory Conway
                                                Phone: + 353 1 631 8300

This announcement has been issued through the Companies Announcement Service of
                           the Irish Stock Exchange.

                      This information is provided by RNS
            The company news service from the London Stock Exchange

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