GDF Guangdong Dev.

RNS Number:1194M
Guangdong Development Fund Ld
10 May 2005

Guangdong Development Fund Limited
Holding in Company
10 May 2005



Guangdong Development Fund Limited ("the Company") was notified on 9 May 2005
that Roy Nominees Limited have a beneficial ownership of 8,400,000 ordinary
shares of $0.01 each of the Company, representing 8.67% of the issued share
capital of the Company.  The beneficial owners of the interest are as follows:


Entity                                                Number of shares
RBC (CI) Ltd A/C Client                               8,300,000
RBC Dom Secs - Toronto - Clients                      100,000



The Company was also informed on 9 May 2005 that United Gulf Bank (BSC) have a
beneficial ownership of 8,000,000 ordinary shares of $0.01 each of the Company,
representing 8.26% of the issued share capital of the Company.  The beneficial
owner of this interest is State Street Nominees Limited A/C 2GQ2.



Enquiries
Guangdong Development Fund Limited
Louisa Lam, Shebby Lo                          +852 2956 1818







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