RNS Number:4760V
Beta Vietnam Fund Ld
3 May 2002


                              COMPANY ANNOUNCEMENT


FOR IMMEDIATE RELEASE     3rd May, 2002


                           BETA VIET NAM FUND LIMITED


                          RE: Change of Administrator

The Directors of Beta Viet Nam Fund Limited (the "Company") announce that with
effect from 1st May 2002 the administration agreement with Beta Corporate
Services Limited (BCS) has been terminated, during BCS's term as administrator
all administration duties were delegated to Bachmann Asset Management Limited
under a separate agreement.

Bachmann Asset Management have now been appointed by the company as
administrator under a new agreement



Enquiries:

NCB Stockbrokers Limited

Margot McDonagh

+ 353 1 611 5907




Bachmann Asset Management Limited

Marie Palmer

+44 1481 723573'



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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