RNS Number:6871S
BFS Asian Assets Trust Ld
01 December 2003

BFS ASIAN ASSETS TRUST LIMITED ("the Company")

NOTIFICATION OF MAJOR INTERESTS IN SHARES

The Company received notification on 27 November 2003 from Aberdeen Asset
Management PLC ("AAM") that on 26 November 2003 AAM sold 3,550,000 Capital
Shares of 0.1 pence each and 664,948 Income shares of 0.1 pence each in the
Company on behalf of Aberdeen High Income Trust PLC.

Aberdeen High Income Trust PLC now holds nil Capital shares and nil Income
shares representing 0.00% of the issued share capital of those classes.

The total number of the Company's Capital shares now managed by AAM and its
associated companies is 9,717,327 shares, representing 11.43% of the issued
share capital of that class (previously 15.61%).

The total number of the Company's Income shares now managed by AAM and its
associated companies is 10,401,346 shares, representing 12.24% of the issued
share capital of that class (previously 13.02%).

The resultant total voting shares now managed by AAM and its associated
companies is 20,118,673 shares, representing 11.83% of the total voting shares
of the Company in issue (previously 14.31%).



Channel Islands Fund Services Limited, Company Secretary


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