RNS Number:1442Q
BFS Asian Assets Trust Ld
24 September 2003


BFS ASIAN ASSETS TRUST LIMITED ("the Company")

NOTIFICATION OF MAJOR INTERESTS IN SHARES

The Company has been informed by Weiss Asset Management and Weiss Capital
("Weiss") that on 19 September 2003 Weiss bought 2,965,227 Income shares of 0.1
pence each in the Company on behalf of various funds under management as
follows:

Fund                                        Shares     Resultant    % of issued 
                                            bought       holding    share class

Brookdale International Partners Fund    2,075,659     7,463,632          8.78%
Brookdale Global Opportunity Fund          889,568     3,709,568          4.36%

The total number of the Company's Income shares now managed by Weiss is
11,173,200 shares, representing 13.14% of the issued share capital of that
class.

The Company has also been informed by Weiss that on 19 September 2003 Weiss
bought 2,965,227 Capital shares of 0.1 pence each in the Company on behalf of
various funds under management as follows:

Fund                                        Shares     Resultant    % of issued 
                                            bought       holding    share class

Brookdale International Partners Fund    2,075,659     5,513,632          6.49%
Brookdale Global Opportunity Fund          889,568     3,709,568          4.36%

The total number of the Company's Capital shares now managed by Weiss is
9,223,200 shares, representing 10.85% of the issued share capital of that class.

The resultant total voting shares now managed by Weiss is 20,396,400 shares,
representing 12.00% of the total voting shares in issue.

Channel Islands Fund Services Limited, Company Secretary


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