RNS Number:2623Q
BFS Asian Assets Trust Ld
26 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 24 September 2003 Weiss bought 5,500,000 Income shares of 0.1
pence each (as part of Geared Ordinary units) in the Company on behalf of
various funds under management as follows:


Fund                                          Shares bought     Resultant holding   % of issued share
                                                                                    class
Brookdale International Partners Fund         3,850,000         11,313,632          13.31%
Brookdale Global Opportunity Fund             1,650,000          5,359,568          6.31%



The total number of the Company's Income shares now managed by Weiss is
16,673,200 shares, representing 19.62% of the issued share capital of that
class.



The Company has also been informed by Weiss that on 24 September 2003 Weiss
bought 5,500,000 Capital shares of 0.1 pence each (as part of Geared Ordinary
units) in the Company on behalf of various funds under management as follows:


Fund                                         Shares bought   Resultant holding   % of issued share
                                                                                 class
Brookdale International Partners Fund        3,850,000       9,363,632           11.02%
Brookdale Global Opportunity Fund            1,650,000       5,359,568            6.31%



The total number of the Company's Capital shares now managed by Weiss is
14,723,200 shares, representing 17.32% of the issued share capital of that
class.

The resultant total voting shares now managed by Weiss is 31,396,400 shares,
representing 18.47% of the total voting shares in issue.

Channel Islands Fund Services Limited, Company Secretary


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