RNS Number:6886T
Guangdong Development Fund Ld
04 November 2005

Guangdong Development Fund Limited

Holding in Company

4 November 2005



Guangdong Development Fund Limited ("GDF" or "the Company") was informed on 4
November 2005 that QVT Fund L.P. ("QVT") had acquired 9,650,000 ordinary shares
of US$0.01 each in the Company on 28 October 2005.



Following this acquisition, the aggregate holding of QVT of ordinary shares in
the Company is 28,672,678, representing 29.58% of the Company's issued share
capital.



The registered holders of the shares held by QVT are as follows:


Deutsche Bank AG London (see note)                                 1,065,000
DB UK Nominees Limited                                            27,607,678



Note

DB UK Nominees Limited holds 28,672,678 shares for its affiliate, Deutsche Bank
AG, New York Branch ("DBNY"), for the benefit of DBNY's prime brokerage client,
namely QVT Fund L.P., pursuant to a Prime Broker Margin Account Agreement
between DBL, DBNY, Deutsche Bank Securities Inc. and QVT Fund L.P. dated 12
April 2004.






                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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