Circ re Proposed members voluntary liquidation

    The Asian Technology Trust Plc

Proposed members voluntary liquidation

Further to its announcements of 17 October 2002 and 6 November 2002, the Board
of Directors announces that it has today despatched a circular to shareholders
convening the necessary Extraordinary General Meeting for the purpose of
placing the Company into voluntary liquidation and appointing Richard Setim and
Ian Oakley Smith, both of PricewaterhouseCoopers, as the liquidators to
liquidate the Company's affairs, settle the Company's liabilities and return
capital to Shareholders. The Extraordinary General Meeting will be held at 2
Gresham Street, London EC2V 7QP on 11 December 2002 at 12.35 p.m. (or so soon
thereafter as the immediately preceding Annual General Meeting of the Company
shall have been concluded or adjourned).

The resolution to place the Company into voluntary liquidation requires
approval of 75 per cent. of the votes cast at the Extraordinary General
Meeting. Shareholders should note however that the Company's Articles of
Association provide that Shareholders voting in favour of the Company's
liquidation at the Extraordinary General Meeting will be deemed in any event to
have in aggregate four times as many votes as Shareholders voting against the
Company's liquidation. The resolution is therefore simply a procedural
technicality, and the Company will go into voluntary liquidation on 11 December
2002 provided that at least one vote is cast in favour of the resolution.

The liquidators will for the most part begin the process of settling the
Company's liabilities and returning assets to Shareholders as soon as
practicable after the special resolution to liquidate the Company has been
passed at the Extraordinary General Meeting. As stated in the announcement made
on 17th October 2002, it is the intention of the directors that the Company
remains fully invested up to the time of its liquidation. However, a small
proportion of the Company's portfolio consists of shares with a relatively long
settlement period, and such shares may be realised in the week prior to the
Extrordinary General Meeting. It is expected that the first distribution of
assets to Shareholders, which is anticipated to amount to substantially all of
the net assets of the Company after the costs of liquidation, will be made in
the week commencing 16 December 2002. The second distribution, if any, will be
made once all the Company's affairs, including, in particular, its tax affairs,
have been settled, and all its liabilities paid.

Shareholders who wish to maintain an exposure to the Asian equity markets will
be given the option to reinvest some or all of their liquidation proceeds in
the Asia New Economy Fund, a sub-fund of Investec Global Strategy Fund Limited,
an offshore umbrella fund incorporated in Guernsey. This reinvestment option
does not constitue a scheme of reconstruction within the meaning of section 110
of the Insolvency Act 1986, and as a result Shareholders will be liable for any
capital gains tax arising from their investment in the Company and will not
obtain any capital gains tax relief in respect of any liquidation proceeds so
reinvested.

Expected Timetable

                                                                           2002
                                                                               
Last day for dealings on the London Stock                            5 December
Exchange on a normal settlement basis                                          
                                                                               
Suspension of dealings on the London Stock              7.30 a.m. on 6 December
Exchange                                                                       
                                                                               
Register closes                                      at close of business on 10
                                                                       December
                                                                               
Extraordinary General Meeting                     12:35 p.m. on 11 December (or
                                                      so soon thereafter as the
                                                  immediately proceeding annual
                                                         general meeting of the
                                                        Company shall have been
                                                        concluded or adjourned)
                                                                               
First distribution in the liquidation               week commencing 16 December

For further details contact:

Heather Williams - Investec Asset Management Ltd 020 7597 2000

Andrew Zychowski - Dresdner Kleinwort Wasserstein 020 7475 6681



END