RNS Number:8699F
Beta Vietnam Fund Ld
07 January 2003


                              COMPANY ANNOUNCEMENT


For immediate release                                            07 January 2003


                            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 31 December 2002:-


Shareholder                             No of Shares               % of Issued
                                                                 Share Capital

N.C.B Trust Limited                          589,959                     14.72
A/C Bear

Vidacos Nominees Limited                     948,137                     23.65
A/C DMGP

Citvic Nominees Limited                      923,659                     23.04


Enquiries

Bachmann Fund Administration Limited                 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
END
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