SAR - Asian Technology Trust

RNS Number:7585N
Dresdner Klein. Wasserstein Grp Ltd
27 November 2001

                                                                    FORM SAR 3

Lodge with Company Announcements Office and Newstrack, if appropriate, and the
Takeover Panel. A copy must also be sent to the company the shares of which
are acquired.

                                         Date of disclosure...27 November 2001

  DISCLOSURE UNDER RULE 3 OF THE RULES GOVERNING SUBSTANTIAL ACQUISITIONS OF
                               SHARES ("SARs")


Date of acquisition ......................21 November 2001

Acquisition in ASIAN TECHNOLOGY TRUST plc


(1)  Class of           Number of shares/    If rights over shares acquired, as
     voting shares      rights over shares   opposed to the shares themselves,
     (eg ordinary       acquired             specify nature of rights
     shares)


                         
     Ordinary                    6,600,000
                        .............. shares

                        ...............rights



(2)   Resultant total holding of       Resultant total holding of     Total
      voting shares (and % of total    rights over shares (and % of   percentage
      voting shares in issue)          total voting shares in issue)

      25.03                                                           25.03
      ......................(   %)     ............................  .....(   %)


(3)   Party making disclosure ........Dresdner Kleinwort Wasserstein Group   
      Limited  (a member of the Allianz AG group)


(4)   (a)   Name of person acquiring shares or rights over shares .....
            Merchant Investors Assurance Company Limited (a member of the       
            Allianz AG group)

            and, if different, beneficial owner .....(n/a)

      (b)   Names of any other persons acting by
            agreement or understanding (see SAR 5)  ......(n/a)


Signed, for and on behalf of the party named in (3) above

(Also print name of signatory)

PL Longcroft                                         JC Wall

Telephone and extension number 020 7475 2194

                    ______________________________________


Note.  Under SAR 5, the holdings of and acquisitions by persons acting by
agreement or understanding must be aggregated and treated as a holding of or
acquisition by one person. Note 3 on SAR 5 requires persons who must aggregate
holdings to disclose certain disposals.

For full details of the SARs disclosure requirements, see Rules 3 and 5 of the
SARs. If in doubt, contact the Panel on Takeovers and Mergers, Monitoring
Section, Tel. No: 020 7638 0129.