RNS Number:5951T
BFS Asian Assets Trust Ld
23 December 2003

BFS ASIAN ASSETS TRUST LIMITED

NET ASSET VALUES



As at 12 December 2003 the estimated net asset value (excluding current period
revenue) of each share class in issue was as follows:

JAPANESE INDEX SHARES 67.81 PENCE

INCOME SHARES 6.19 PENCE

CAPITAL SHARES 0.00 PENCE

GEARED ORDINARY UNITS 6.19 PENCE



Gross assets less current liabilities at the above date were #37.42m.




                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

NAVPUGMCPUPWGUW