RNS Number:5110Y
Beta Vietnam Fund Ld
11 July 2002

                              COMPANY ANNOUNCEMENT

For immediate release               11 July 2002


                              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 2002:-


Shareholder                                        No of Shares     % of Issued
                                                                  Share Capital

N.C.B Trust Limited                                     434,233         10.83
A/C Bear

Vidacos Nominees Limited                                948,137         23.65
A/C DMGP

Citvic Nominees Limited                                 844,034         21.06

Enquiries

Beta Corporate Services                           Marie Palmer
                                                  Phone: (+44) 1481 731366

NCB Stockbrokers Limited                          Fiona Mulhall
                                                  Phone: (+353 1) 611 5907



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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