GDF Guangdong Dev.

RNS Number:8231A
Guangdong Development Fund Ld
14 July 2004




                       GUANGDONG DEVELOPMENT FUND LIMITED


The unaudited net asset value per share of Guangdong Development Fund Limited on
30th June, 2004 was US$0.393.



                                    - ENDS -


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

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