RNS No 2284x
CLEMENTE KOREA EMERGING GROWTH FUND 
(TO BE RENAMED REGENT KOREA EMERGING GROWTH FUND) 
15th October 1997

CLEMENTE KOREA EMERGING GROWTH FUND ("THE FUND")
(TO BE RENAMED REGENT KOREA EMERGING GROWTH FUND) 

It is announced today that a Resolution has been passed at an EGM of the Fund to
approve the open-ending of the Fund.

Resolutions were also passed to appoint Mr Chang Kon Koh and Mr David Curl as
additional Directors of the Fund. Jayne Sutcliffe has resigned as a Director.

Accordingly, the Fund will be applying to the London Stock Exchange for a
termination of the listing of its Shares forthwith.

The Fund will be open for issues and redemptions on an on-going basis with
weekly dealings, the first Valuation Day is expected to be 23 October 1997.

Contact Details:

Jayne Sutcliffe        Tel:    0171 316 0007
Philip Franklin        Tel:    0171 316 0007
For and on behalf of 
Regent Korea Emerging Growth Fund 

END


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