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Lombard Odier Suspends NAV Calculations For Pacific Rim Sub-Fund Following Taiwan Earthquake

Hamilton, Bermuda, September 22, 1999 - Lombard Odier Fund manager S.A. today advised the Bermuda Stock exchange (BSX) of its decision to suspend the NAV calculations of the Pacific Rim sub-fund of Lombard Odier Invest, which is listed on the BSX.

The suspension is due to the closure of the Taiwan Stock Exchange and the Taiwanese financial markets following the earthquake, which hit Taiwan, Monday 20m September. The suspension, which will remain in effect until the Taiwan Stock Exchange reopens, also includes the issue, conversion and redemption shares of the sub-fund.