GSG Gov.Sing.Gwth.

RNS Number:3426F
Carrousel Capital Limited
19 December 2002

                                                                      FORM SAR 3

This announcement replaces the SAR3-GSG LN announcement released on 17/12/2002
At 18:21 RNS nbr 2690F.  In box 1. the nbr of shares acquired should read 98,000
and Not 330,000 as record shows, all other details remain unchanged. The full
amended Text to appear as below.



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


17/12/2002



DISCLOSURE UNDER RULE 3 OF THE RULES GOVERNING
SUBSTANTIAL ACQUISITIONS OF SHARES ("SARs")



Date of acquisition


17/12/2002



Acquisition in (name of company)


Govett Singapore Growth Fund (GSG LN)



1. Class of voting shares (eg ordinary shares)


Ordinary



Number of shares/rights over shares acquired


   98,000                              Shares                           Rights



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)


330,000                                                 17.60 %



Resultant total holding of rights over shares (and % of total voting shares in
issue)


                                                         %



Total percentage


   17.60%



3. Party making disclosure


Carrousel Capital Ltd.

4. (a) Name of person acquiring shares or rights over shares


The Carrousel Fund Ltd



and, if different, beneficial owner






(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


Bruno Sangle-Ferriere/Jasmine Yennek



(Also print name of signatory)


Bruno Sangle-Ferriere/Jasmine Yennek



Telephone and extension number


207823 7044/207823 7070



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




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

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