ASI Asia Capital

    The Asian Technology Trust Plc

Result of Extraordinary General Meeting

The Board of Directors of The Asian Technology Trust plc (the "Company")
announces that the two resolutions put forward at the Extraordinary General
Meeting of the Company held earlier today were both passed by shareholders. As
a result, the Company has been placed into members' voluntary liquidation and
Richard Setchim and Ian Oakley Smith, both of PricewaterhouseCoopers, have been
appointed as Joint Liquidators with immediate effect to liquidate the Company's
affairs, settle the Company's liabilities and return capital to Shareholders.

The return of assets to Shareholders will be made in accordance with the
Company's articles of association under which Shareholders will receive a sum
equal to the surplus assets of the Company available for distribution in
proportion to their respective holdings. Shareholders will not receive monies
to the extent that they have elected to reinvest their liquidation proceeds in
the Asia New Economy Fund, a sub-fund of Investec Global Strategy Fund Limited.

All distribution payments will be sent to Shareholders who were on the register
of members at close of business on 10 December 2002. The Liquidators will not
be able to distribute all the assets of the Company immediately, as funds will
have to be retained to meet the Company's existing and potential liabilities.
The timing of the first distribution to shareholders will depend on the ability
of the Liquidators to trade the Company's portfolio and receive settlement
thereof. The Liquidators hope that this will be achieved such that payment will
be made shortly after Christmas and will amount to substantially all of the net
assets of the Company after the costs of the liquidation. The second
distribution, if any, will be made once all of the Company's affairs,
including, in particular, its tax affairs, have been settled, and all its
liabilities paid.

For further information please contact:

Heather Williams

Investec Investment Management Limited 020 7597 2000

Andrew Zychowski

Dresdner Kleinwort Wasserstein 020 7623 8000



END

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