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The Asian Land Fund Withdraws Listing from BSX

27 December 2000

Hamilton, Bermuda: 27 December, 2000 - The Bermuda Stock Exchange (BSX) today announced the voluntary withdrawal from listing of The Asian Land Fund. The withdrawal from listing was made at the request of the Fund which, under a scheme of arrangement approved by the Directors on 20 October, 2000, was reorganized into The New Asian Land Fund.

For further inquiries on The Asian Land Fund contact Mr. Tom MacNeil of Jupiter Asset Management (Bermuda) Limited at telephone: 441-292-2760 or facsimile: 441-295-8690.