Director Declaration

India Capital Growth Fund Limited
25 May 2007


India Capital Growth Fund Limited
25 May 2007

Appointment and Resignation of Non Executive Director

India Capital Growth Fund Limited is pleased to announce the appointment of
Julian Carey to the board with effect from 31 March 2007, who resigned in order
to pursue other business interests.

The appointment of Julian follows the resignation of Robert King.

Enquiries:

The Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Limited
Trafalgar Court
Les Banques
St Peter Port
Guernsey
GY1 3QL

01481 745439

Press Enquiries

END


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