GVT Govett Asian Ig

RNS Number:6673W
Govett Asian Income & Growth Fnd Ld
18 March 2004

Govett Asian Income & Growth Fund Limited

Proposed voluntary winding-up of the Company

Following the Extraordinary General Meeting held on 10 March 2004 at which the
resolution was passed to wind up voluntarily the Company, the Board of Govett
Asian Income & Growth Fund Limited today announces that the Company's loan
facility with Bank of Scotland in the sum of #9,500,000 has been repaid,
together with breakage and otherassociated costs of approximately #459,000.

It is expected that a copy of the EGM resolution will be filed with H.M.
Greffier in Guernsey on 19 March 2004, at which time the Liquidators will become
appointed.


                                 --oo--


Enquiries:

Hugh Field                                          020 7678 8000
Hoare Govett Limited





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