India I.T. Fund Ld - Result of EGM

RNS No 3751j
INDIA I.T. FUND LIMITED
8 April 1999


At an Extraordinary General Meeting of the Company held at Les Jamalacs, Vieux
Conseil Street, Port Louis, Mauritius at 1.00 pm (Mauritius time), on 8 April
1999, the Shareholders unanimously passed the following special resolutions:

      THAT the authorised share capital of the Company should be increased
      by US$850,000 comprising 85,000,000 unclassified shares of US$0.01 each.

      THAT the amended and restated Articles of Association of the Company, a
      copy of which was produced to the Meeting and initialled by the Chairman
      for the purpose of identification, be and the same are hereby approved and
      adopted.

      THAT the changes to the investment policies of the Company described in
      the Circular to Shareholders dated 16 March, 1999 be approved and the
      Directors be authorised to implement the same.

      THAT the Director's proposal to raise up to US$100 million by an issue of
      C Shares as set out in Part I and Part IV of the Circular to Shareholders
      dated 16 March 1999 be approved and the Directors be authorised to
      implement the same.

Issued by the Board of Directors

END

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