Director Declaration

India Capital Growth Fund Limited
13 March 2008




                              COMPANY ANNOUNCEMENT


For Immediate Release                                              13 March 2008



                 INDIA CAPITAL GROWTH FUND LIMITED ('the Fund')


                           Re: Directors Notification


PLEASE DISREGARD THE ANNOUNCEMENT BELOW MADE ON 7 MARCH 2008 AT 15.20 UNDER RNS
NUMBER 6553P WHICH WAS MADE IN ERROR.

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               Contact: Mr Andrew Maiden
Administration Services (Guernsey) Limited      Phone: [phone]
                                                            




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