FORM SAR 3 
 
    Lodge with a RIS or Newstrack if appropriate and the Takeover Panel. 
    A copy must also be sent to the company the shares of which are acquired. 
 
    Date of disclosure 
 
    November 26, 2003 
 
    DISCLOSURE UNDER RULE 3 OF THE RULES GOVERNING 
    SUBSTANTIAL ACQUISITIONS OF SHARES ("SARs") 
 
    Date of acquisition 
 
    November 25, 2003 
 
    Acquisition in (name of company) 
 
    BFS ASIAN ASSETS TRUST LIMITED 
 
    1. Class of voting shares (eg ordinary shares) 
 
    Capital and Income Shares 
 
    Number of shares/rights over shares acquired 
 
    3,550,000 Capital    Units           -         Rights 
    664,948 Income             
 
    Shares purchased for 2 funds managed by the Weiss Asset Management and  
    Weiss Capital: 
                                                        Capital  Income 
     Brookdale Global Opportunity Fund (BGO)            958,500  179,536 
     Brookdale International Partners (BIP)           2,591,500  485,412  
   
     If rights over shares acquired, as opposed to the shares themselves,  
     specify nature of rights 
 
     - 
 
    2. Resultant total holding of voting shares (and % of total voting shares  
       in issue) 
 
    39,381,270 shares              23.17%                  
 
    Capital Shares 
    Brookdale Global Opportunity Fund (BGO)         958,500 shares 
    Brookdale International Partners LP (BIP)     2,591,500 shares 
 
    Income Shares 
    Brookdale Global Opportunity Fund (BGO)          179,536 shares 
    Brookdale International Partners LP (BIP)      2,435,412 shares 
 
    Units 
    Brookdale Global Opportunity Fund (BGO)        6,159,568 shares 
    Brookdale International Partners LP (BIP)     10,448,593 shares 
 
    Resultant total holding of rights over shares (and % of total voting  
    shares in issue) 
 
     -                          -  % 
 
    Total percentage 
 
    23.17%                  
 
    3. Party making disclosure 
 
    Weiss Asset Management LLC, Weiss Capital LLC 
 
    4. (a) Name of person acquiring shares or rights over shares  
 
 
    and, if different, beneficial owner 
 
    Brookdale International Partners LP, Brookdale Global Opportunity Fund 
 
    (b) Names of any other persons acting by agreement or understanding (see  
        SAR 5) 
 
    - 
 
     Signed, for and on behalf of the party named in (3) above 
 
    (Also print name of signatory) 
 
     Eitan Milgram 
 
    Telephone and extension number 
 
    001-617-778-7714 
 
    Note. Under SAR 5, the holdings of and acquisitions by persons acting by  
          agreement or understanding must be aggregated and treated as a  
          holding of or acquisition by one person. Note 3 on SAR 5 requires  
          persons who must aggregate holdings to disclose certain disposals. 
 
    For full details of the SARs disclosure requirements, see Rules 3 and 5 of  
    the SARs.  If in doubt, contact the Panel on Takeovers and Mergers,  
    Monitoring  
 
    Section.  Tel. No: 020 7638 0129. 
    Email:monitoring@disclosure.org.uk 
 




END