RNS Number:6024S
BFS Asian Assets Trust Ld
27 November 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 25 November 2003 Weiss bought 3,550,000 Capital shares and
664,948 Income shares of 0.1 pence each in the Company on behalf of various
funds under management as follows:

Capital shares of 0.1 pence each

                                                                             
Fund                                      Capital      Resultant    % of issued   
                                           shares        holding    share class   
                                           bought                   
         
Brookdale International Partners Fund   2,591,500     13,040,093         15.34%                                         
Brookdale Global Opportunity Fund         958,500      7,118,068          8.37%                                         
       
The total number of the Company's Capital shares now managed by Weiss is
20,158,161 shares, representing 23.72% of the issued share capital of that
class. 
 
Income shares of 0.1 pence each 

                                                                              
Fund                                       Income      Resultant   % of issued  
                                           shares        holding   share class   
                                           bought                             

Brookdale International Partners Fund     485,412     12,884,005        15.16%                                          
Brookdale Global Opportunity Fund         179,536      6,339,104         7.46%                                          
       
The total number of the Company's Income shares now managed by Weiss is
19,223,109 shares, representing 22.62% of the issued share capital of that
class.. 
 
The resultant total voting shares now managed by Weiss is 39,381,270 shares,
representing 23.17% of the total voting shares in issue. 
 
 
Channel Islands Fund Services Limited, Company Secretary 


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