Holding(s) in Company

India Capital Growth Fund Limited
25 April 2008



                       India Capital Growth Fund Limited





Attached is a link to TR1 Form relating to Arbiter Partners LP



http://www.rns-pdf.londonstockexchange.com/rns/1190t_-2008-4-25.pdf



Enquiries:


Northern Trust International Fund Administration Services (Guernsey) Limited


Andrew Maiden [phone]



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