Net Asset Value

RNS Number:8807T
Five Arrows Chile Inv Tst Ld
9 November 2000


The Five Arrows Chile Investment Trust Limited (In Liquidation)("the Company")
               Net Asset Value as at 7th November, 2000

The Company announces that the estimated unaudited Net Asset Value (NAV) per
share as at 7th November was as follows:

                                  7th November 2000     31st October 2000 

NAV and Cash and near cash            1.45 US$          1.43 US$
(net of liabilities)


The entire equity portfolio of the Company has now been realised.  The assets
of the Company now solely consist of cash deposits and other short term cash
instruments held in both Chile and the UK.


Cash distributed to shareholders
- per share                          *  1.20 US$
   
* On 26 June 2000 the Company made its first interim liquidation distribution
to shareholders of US$ 0.70 per share.

* On 15 August 2000 the Company made its second interim liquidation
distribution to shareholders of U$ 0.50 per share.
 
Jeremy Spratt and Stephen Treharne of KPMG were appointed as joint liquidators
of the Company on 27th April 2000. 

The cash and near cash per share figure have been calculated by taking the net
assets of the Company after deducting the provision for Chilean With-holding
tax of 10% on realised capital gains and provisions for all other undischarged
liabilities of the fund.

The above estimates have been prepared on an unaudited basis and provided to
the Company  on a best efforts basis.  Accordingly, no responsibility is
accepted by the Company or its advisers or agents for the accuracy of the
above calculations and investors should not rely upon this valuation when
making investment decisions.

For The Five Arrows Chile Investment Trust Ltd by its Secretary Rothschild
Asset Management Limited.