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This page includes Regulatory news filings supplied by issuers listed on the BSX. Please note the BSX is not responsible for the content, accuracy or completeness of announcements filed by issuers and disclaims all liability for any loss arising from reliance on information contained within issuer announcements.

BSX Approves Listing The Asia Opportunities Fund Limited.

Hamilton, Bermuda, October 8, 1998 - The Listing Committee of the Bermuda Stock Exchange (BSX) today announced the approval of the listing of up to 200,000,000 Ordinary Voting Shares of The Asia Opportunities Fund Limited.

The Fund is incorporated in Bermuda and is structured as an open-ended fund.

The investment objective of the fund is to provide its Shareholders with long-term capital growth through a portfolio of mainly unquoted equities and direct investments in Asia, with a particular focus on properties and trading companies.

The investment strategy of the Fund will be to achieve long-term capital growth through a portfolio of assets, primarily consisting of investments in the Philippines, Thailand, China, Indonesia and Malaysia. Investments will also be considered elsewhere in Asia. Investments will focus on property and property related stocks and on trading companies in any sector which the Manager feels will offer good growth potential. The majority of the assets are expected to be held in direct property investments and/or unquoted shares.

The listing of The Asia Opportunities Fund Limited Ordinary Voting Shares is sponsored by Bermuda International Securities Ltd., (a wholly owned subsidiary of the Bank of Bermuda, Hamilton, Bermuda). The securities are being listed under the regulations for Collective Investment Schemes.

"The BSX welcomes The Asia Opportunities Fund Limited", said Mr. James S. McKirdy, Listing Manager of the BSX. "This fund broadens the scope of funds investing in Asia that are listed on the Exchange, and brings the total number of funds now listed on the Exchange to 145."

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For further information on the Asia Opportunities Fund Limited, please contact Mr. Tom MacNeil of Jupiter Asset Management (Bermuda) Limited at telephone: 441-292-2760 or facsimile: 441-295-8690.