Dividend Payment, etc.

Siam Investment Fund
29 March 2000


THE SIAM INVESTMENT FUND

The Directors of the Siam Investment Fund wish to announce the following actions
by the Board of Directors:

A.  Subject to shareholder approval, the Fund will pay a US$1 dividend per      
   share for all shareholders of record on 28 April 2000.

B.  Subject to regulatory and shareholder approval, the Fund will undertake a   
   one for one share split; this will lead to a doubling of the number of       
  outstanding shares to 5.0 million from 2.5 million.

C.  Subject to regulatory and shareholder approval, the Fund will issue two     
   warrants per existing ordinary share (pre share split). Each warrant will    
  have a three-year life, will be American style and carry an exercise price    
 of US$5.