Net Asset Value(s)

RNS Number:6439S
Beta Vietnam Fund Ld
8 March 2002


                              COMPANY ANNOUNCEMENT

FOR IMMEDIATE RELEASE     8th March, 2002

                   BETA VIET NAM FUND LIMITED ("THE COMPANY")

Net Asset Value as at 28th February 2002                 USD 11,813,483

Undiluted NAV per share:                                 USD 2.95

Diluted NAV per share:                                   USD 3.51

The Board wishes to announce that it has received advice from the Fund Manager
concerning a write down of an asset in the fund, which would affect the fund's
NAV by about 4.27%. Since the board only received this information immediately
prior to the deadline for releasing the NAV, it was decided to obtain
clarification from the Fund Manager about the basis for the new valuation, prior
to making a decision.

The Board has requested clarification and in the event it deems it necessary the
Board may issue a revised NAV later in the month, may take the information into
account in determining next month's valuation, or take no action.

The Board discloses this situation so that all shareholders may obtain potential
price sensitive information in a timely fashion.


Enquiries:

Fiona Mulhall - NCB Stockbrokers                    + 353 1 611 5907

Marie Palmer - Beta Corporate Services Limited      + 01481 731366


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