Purchase of Own Securities

Govett Asian Recovery Trust PLC
28 March 2003


28 March 2003

Purchase of own shares

Govett Asian Recovery Trust PLC announces that it has purchased for cancellation
94,000 ordinary shares at 96 pence per share on 28 March 2003. This brings the
total ordinary shares purchased to date to 1,664,000. The number of shares
outstanding is now 35,658,077.

Govett Secretaries Limited

As Secretary to Govett Asian Recovery Trust PLC.



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