Net Asset Value(s)

Advance Developing Markets Fund Limited announces that its unaudited
Net Asset Value (NAV) as at the close of business on 4 December 2009
was as follows:

          Net Assets         (millions) NAV per ordinary share

Undiluted £298.4                        452.58p

Diluted   £333.9                        427.39p


Notes:
The above NAV figures are based on 65,940,237 ordinary shares and
12,180,757 subscription shares in issue.
Investments in the Company's portfolio have been valued on a bid
price basis in the above calculations.
The above NAV figures include current financial year revenue items.
Diluted net assets and NAV assume full conversion of all outstanding
subscription shares to ordinary shares at the subscription price of
291.0p per share.

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