RNS Number:3243G
Beta Vietnam Fund Ld
3 July 2001



                             COMPANY ANNOUNCEMENT


For immediate release                         3rd July 2001



                          BETA VIET NAM FUND LIMITED

        Re: Shareholdings in Excess of 10% of the Issued Share Capital

The Board of Directors of Beta Viet Nam Fund Limited (the "Company") wish to
announce the following shareholdings in the Company, for Shareholders who
directly and indirectly (as far as the Directors are aware) hold in excess of
10% of the issued share capital of the Company:

Holdings at 30 June 2001:-


Shareholder                                    No of Shares     % of Issued

                                                               Share Capital

Vidacos Nominees Limited A/C DMGP                   948,137        23.65
Citivic Nominees Limited                            576,421        14.38


Enquiries

Beta Funds Limited                          Carmen Hakham

                               Phone: (+44 20 7) 353 2066

NCB Stockbrokers Limited                    Andrew Bowen
 
                                Phone: (+353 1) 611 5907

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