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 
 
    December 4, 2003 
 
    DISCLOSURE UNDER RULE 3 OF THE RULES GOVERNING 
    SUBSTANTIAL ACQUISITIONS OF SHARES ("SARs") 
 
    Date of acquisition 
 
    December 3, 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 
 
    797,068 Capital                              -     Rights 
    797,068 Income             
 
    Shares purchased for 2 funds managed by the Weiss Asset Management and 
Weiss Capital: 
                                                  Capital   Income 
    Brookdale Global Opportunity Fund (BGO)       215,208   215,208 
    Brookdale International Partners (BIP)        581,860   581,860  
   
    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) 
 
    40,975,406 shares    24.10%                  
 
    Capital Shares 
    Brookdale Global Opportunity Fund (BGO)         7,333,276 shares 
    Brookdale International Partners LP (BIP)      13,621,953 shares 
 
    Income Shares 
    Brookdale Global Opportunity Fund (BGO)         6,554,312 shares 
    Brookdale International Partners LP (BIP)      13,465,865 shares 
 
    Resultant total holding of rights over shares (and % of total voting 
shares in issue) 
 
    -       -  % 
 
    Total percentage 
 
    24.10%                  
 
    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 
 
SOURCE  Weiss Asset Management LLC 
    -0-                             12/04/2003 


     

 
 





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