Future of the Company

    The Asian Technology Trust plc - Future of the Company

The Board of Directors notes that the Company's net asset value stood at
US$15.3m as at 11 October 2002. As a result, the Board considers it unlikely
that its net assets will exceed US$30 million at 31 October 2002, in which case
it will, in accordance with the Company's Articles of Association, be necessary
to put to shareholders a resolution to wind the Company up at a general meeting
of shareholders to be held no later than 31 January 2003.

On that basis, the Board is in the process of examining the most appropriate
steps for the Company to take, assuming that it is required to propose a
resolution for its voluntary winding-up. As regards portfolio management, it is
intended that the Company remain fully invested up until the date of
liquidation given the predominantly liquid nature of the stocks in the
portfolio. Steps are however being taken to eliminate the gearing of the
Company by 31 October 2002.

It is intended that any extraordinary general meeting of shareholders at which
the resolutions to place the Company into liquidation are put forward would be
held at the same time as the Company's annual general meeting, which is due to
be held on 11 December 2002. Documentation relating to the liquidation would
therefore be included with the report and accounts for the year ended 31 August
2002 which are due to be sent to shareholders next month. The Board of
Directors will in any event make a further announcement on this matter in due
course.





END

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