Re: Convening of EGM

RNS Number:1401C
Beta Vietnam Fund Ld
07 October 2002



                              COMPANY ANNOUNCEMENT


                FOR IMMEDIATE RELEASE            7 October 2002


                           BETA VIETNAM FUND LIMITED

                               (the "Company")

                 Re: Convening of Extraordinary General Meeting


The Directors of the Company wish to announce the convening of an Extraordinary
General Meeting ("EGM") to be held on the 28th October 2002 at Frances House, St
Peter Port, Guernsey.  At the EGM, the Shareholders will be asked to consider
resolutions approving the appointment of Mr Devin Hosea, Mr Yossi Barath and Mr
Kevin Snowball as new directors of the Company and the removal from office of
the present Board.  The EGM has been convened by the Directors, in accordance
with their obligation under the Articles of Association of the Company and the
Companies (Guernsey) Law 1994, following receipt of a requisition from holders
of not less than 10 per cent of the Company's issued share capital.


Enquiries:
NCB Stockbrokers Limited                               Ms Tara O'Grady

                                                       Phone: [phone]
Bachmann Fund Administration Limited                   Ms. Marie Palmer

                                                       Phone: [phone]





This announcement has been issued through the Companies Announcement Service of
                           the Irish Stock Exchange.






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