GVT Govett Asian Ig

RNS Number:8001U
Govett Asian Income & Growth Fnd Ld
29 January 2004

Govett Asian Income & Growth Fund Limited


Proposed voluntary liquidation of the Company

The Board of Govett Asian Income & Growth Fund Limited (the "Company") announced
on 17 November 2003 that it had appointed Gartmore Investment Limited 
("Gartmore") as Investment Manager to the Company following the announcement by
Allied Irish Banks, p.l.c. of the intended sale of certain of the management
contracts of Govett Investment Management Limited to Gartmore Investment
Management Plc.



The Board has now discussed the strategic options for the future of the Company
with Gartmore and the Company's advisors and its major shareholders and has
concluded that, in view of, inter alia, the current size of the Company, its
total expense ratio and the level of discount at which the shares have traded,
it would be in the best interests of shareholders as a whole if proposals are
put to shareholders to place the Company into a members' voluntary liquidation.



The Company will post a circular to shareholders as soon as practicable seeking
their approval for the Company to be placed into members' voluntary liquidation
and setting out the proposals for the distribution of the Company's assets
(after payment of its liabilities) on such a winding up.



It is currently anticipated that the circular will be posted to shareholders in
late February.



                                     --oo--





Enquiries:


Hugh Field                                                       020 7678 8000
Hoare Govett Limited






                      This information is provided by RNS
            The company news service from the London Stock Exchange
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