RNS Number:8345V
Beta Vietnam Fund Ld
13 May 2002



                              COMPANY ANNOUNCEMENT



FOR IMMEDIATE RELEASE                    May 13, 2002


                           BETA VIET NAM FUND LIMITED


         RE: Shareholdings in excess of 10% of the Issued Share Capital



The 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 April 30, 2002:



Shareholder                       No. of Shares       % of Issued
                                                     Share Capital
N.C.B Trust Limited
A/C Bear                             434,233                10.38

Vidacos Nominees Limited             948,137                23.65

Citivic Nominees Limited             842,034                21.01



Enquiries:

NCB Stockbrokers Limited         Fiona Mulhall

                                 + 353 1 611 5907

Beta Corporate Services         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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