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China Heartland Fund Declares Additional Dealing Day

15 March 2001

Hamilton, Bermuda: 15 March 2001 - The Directors of The China Heartland Fund Limited wish to announce that after due consideration, they have determined that it would be in the best interest of the Fund to adopt an additional Dealing Day.

Accordingly, Monday, 19th March 2001, has been approved as an additional Dealing Day.

Please contact either of the following with any questions:

Jason C. Bibb

Martin Investment Management Ltd.

jbibb@martincurrie.com

00 44 131 479 4736

E, Conyers

Forum Securities Services Ltd.

Ede-conyers@forum-financial.com

001 441 296 1300