Liquidation Proceeds Payment

Siam Investment Fund
31 July 2006

For Immediate Release                                              July 28, 2006

                          SIAM INVESTMENT FUND
                Interim Payment of Liquidation Proceeds

The Liquidators of the Siam Investment Fund (the 'Fund') wish to announce
that they have resolved to make an interim payment out of the proceeds of
liquidation of the Fund, in the amount of US$0.80 per share, to all shareholders
of record as of July 27, 2006.
     
Payment will be made on or about August 8, 2006.





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