RNS No 6334t
TAIWAN INVESTMENT TRUST PLC
19 July 1999

Taiwan Investment Trust PLC announces that, prior to taking account of the
cost of realisation of any part of the Company's portfolio in order to meet
elections by Shareholders for the Redemption Option and based on the Company's
undiluted net asset value of 109.5p at the close of business on 16th July
1999, the Residual Net Value prior to deduction of the amount due to
Warrantholders was 103.1p per share.  After deduction of the maximum amount
due to Warrantholders the Residual Net Asset Value was 98.4p.  Based on these
figures, the average price of a Warrant for the 10 dealing days before
adjustment cannot exceed approximately 23p in order for the condition
precedent under the Scheme to be met.

END

NAVALLFEDTIALAA


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