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Amerindo Internet Fd (ANO)

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Monday 02 April, 2001

Amerindo Internet Fd

Holding in Company

Amerindo Internet Fund PLC
2 April 2001


AMERINDO INTERNET FUND PLC

We have today been notified that on 29 March 2001, Caledonia TMT Limited
acquired 20,000,000 ordinary 1p shares in Amerindo Internet Fund plc from
Caledonia Investments Funds Limited (formerly Caledonia Investment Trusts
Limited), a fellow subsidiary of Caledonia Investments plc. Caledonia TMT
Limited therefore has a beneficial interest in 20,000,000 shares in Amerindo
Internet Fund plc representing 4.99% of the total issued ordinary share capital,
and Caledonia Investment Funds Limited has ceased to have any such interest.

All of the shares will be registered in the name of Caledonia TMT Limited.

By virtue of the provisions of Section 203 of the Companies Act 1985,
Caledonia Investments plc, of which Caldeonia TMT limited is a wholly owned
subsidiary, and The Cayzer Trust Company Limited, a substantial shareholder in
Caldeonia Investments plc, are also deemed to be and remain interested in the
above-mentioned shares.

2 APRIL 2001

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