Director Declaration

India Capital Growth Fund Limited
07 March 2008


COMPANY ANNOUNCEMENT

For Immediate Release 7 March 2008

INDIA CAPITAL GROWTH FUND LIMITED ('the Fund')


                           Re: Directors Notification

In compliance with Listing Rule 9.6.14, India Capital Growth Fund Limited
announces that Mr Andrew Main, has informed the Fund that he has joined the
Board of Millennium India Growth Plc Incorporated and Registered in the Isle of
Man, company number 121506C with effect from 6 March 2008.



Enquiries:
Northern Trust International Fund Administration Services   Contact: Mr Andrew
(Guernsey) Limited                                          Maiden
                                                            Phone: (+44 1481)
                                                            745368




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