Result of EGM

Aberdeen Latin American Inv Tst PLC
26 June 2003

                                  26 June 2003

                  ABERDEEN LATIN AMERICAN INVESTMENT TRUST PLC

                        RESULT OF EGM AND BOARD CHANGES

The Board of Aberdeen Latin American Investment Trust PLC (the 'Company') is
pleased to announce that, at the extraordinary general meeting held today,
shareholders overwhelmingly voted in favour of the Continuation Resolutions and,
at the warrantholders meeting also held today, a substantial majority of
warrantholders voted in favour of reducing the subscription price of the
warrants from 100p to 85p. As a result, the Company will now change its
investment objective to providing capital growth and income from a portfolio of
mining and resource equities and of mining, resource and industrial fixed
interest securities, and its manager to Midas Capital Partners Limited
('Midas'). In line with these changes the Company has changed its name to City
Natural Resources High Yield Trust plc.


As a result of these changes, Radhika Ajmera, Christopher Edge and Christopher
Little have all resigned as non-executive directors of the Company with
immediate effect, and Adam Cooke and Michael Coulson have been appointed as
non-executive directors. There is no information which is required to be
disclosed by either Adam Cooke or Michael Coulson pursuant to paragraph 6.F.2
(b) - (g) of the Listing Rules of the UK Listing Authority and neither has held
a directorship in any other publicly quoted company at any time in the previous
five years.


As stated in the circular dispatched to shareholders and warrantholders on 3
June 2003, Midas expects to have completed the transition to a new portfolio
consistent with the revised objective by the end of July 2003.


Intelli Corporate Finance Limited has been appointed financial adviser to the
Company.

ENQUIRIES
Gordon Neilly        Intelli Corporate Finance Limited          T: 020 7653 6300


INFORMATION RELATING TO THE NEW DIRECTORS


Michael Coulson (age 58): Michael is a senior research analyst covering mining
and gold shares with more than 30 years' experience. Michael was a senior mining
analyst at Phillips & Drew from 1982 until 1986, when he joined Kitcat &
Aitken's mining department as an executive director, where he remained until
1990. Michael was head of African research at Credit Lyonnais Laing from 1992
until 1994, when he took up the same position at Nedcor Securities until 1996.
He was head of global mining research at Paribas from 1998 to 2000. Michael is
currently chairman of the Association of Mining Analysts.


Adam Cooke (age 43): Adam is a global partner of AMVESCAP PLC, one of the
world's largest independent investment management organizations where he works
for INVESCO UK which had assets of £19.5 billion as at 31 March 2003. Adam
joined INVESCO in 1976 and his experience includes the UK institutional business
including investment trusts and collective investments. He is a member of the
Chartered Institute of Bankers.


Intelli Corporate Finance Limited, which is authorised and regulated in the
United Kingdom by the Financial Services Authority, is acting for Aberdeen Latin
American Investment Trust PLC and for no one else in connection with the
proposals or any other matter referred to herein and will not be responsible to
anyone other than Aberdeen Latin American Investment Trust PLC for providing the
protections afforded to customers of Intelli Corporate Finance Limited or for
affording advice in relation to the proposals.


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