RNS Number:1626S
Govett Asian Income & Growth Fnd Ld
17 November 2003

Govett Asian Income & Growth Fund Limited

Change of Investment Manager

Further to their announcement on 4 November 2003, the Board of Govett Asian
Income & Growth Fund Limited now announce that they have appointed Gartmore
Investment Limited ("Gartmore") as Investment Manager to the Company. This
follows the announcement by Allied Irish Banks, p.l.c. of the intended sale of
certain of the management contracts of Govett Investment Management Limited ("
Govett") to Gartmore Investment Management p.l.c.

Gartmore has been appointed Investment Manager through the novation of the
Investment Management Agreement (the "Agreement") between your Company and
Govett, with no changes to the terms of the Agreement and no costs or charges to
the Company. The terms of the Agreement required twelve months' notice to be
given to the manager. However, as stated in the last Report & Accounts, the
Board served protective notice on 13 June 2003 on Govett in respect of the
Agreement. This protective notice will remain binding on Gartmore.

Enquiries:

Hugh Field                                                    020 7678 8000
Hoare Govett Limited




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