TIDMHYF

RNS Number : 5301F

Himalayan Fund N.V.

21 February 2018

Himalayan Fund N.V.

(HYF.L)

"Himalayan" or "the Company"

Notification of General Meeting and proposed cancellation of Ordinary Shares from the Official List and to trading on the Main Market of the London Stock Exchange

The Himalayan Fund N.V. announces the proposed Cancellation of Ordinary Shares from the Official List and to trading on the Main Market of the London Stock Exchange.

Reluctantly, the Directors have concluded that without assured new cash inflows, the Board's ability to manage the Fund with firm control of the expense base is uncertain. The Directors have also concluded that the costs and ever increasing regulatory requirements associated with maintaining the listings of the Ordinary Shares on the Official List and on Euronext Amsterdam are a drain on the Fund's financial and management resources and outweigh its benefits. Accordingly, against such a background the Directors have concluded that the best course of action is to take the advantage of the current valuation level of the Indian stock markets and to liquidate the Fund.

Under the Listing Rules, the Cancellation requires the prior approval of a resolution (the "Resolution") by Shareholders in General Meeting, passed by not less than 75 per cent. of those Shareholders who vote in person or by proxy. If approved by Shareholders, it is anticipated that the effective date of the Cancellation will be 4 May 2018, being not less than 20 business days from the passing of the Resolution. The shares will be suspended from Trading on the Euronext Amsterdam platform at 11.00 a.m. on 21 February 2018.

The Circular contains a notice convening a General Meeting of Shareholders to be held at the Herengracht 124-128, 1015 BT, The Netherlands on 5 April 2018 at 12.30 p.m at which the Resolution will be proposed as special resolution to approve the Cancellation.

The Circular will be made available shortly on the Company's website at http://www.himalayanfund.nl/shareholder-meetings-documents/ and will be submitted to the National Storage Mechanism where it will shortly be available to view at www.morningstar.co.uk/uk/nsm.

Enquiries:

Himalayan Fund N.V.

Ian McEvatt

Tel: +44 (0)1534 702872

Arden Partners (Broker)

Steve Douglas

Tel: +44 (0)20 7614 5931

Notes to Editors:

Himalayan Fund N.V. ('the Company') is an investment company with variable capital incorporated under Dutch law and has its registered office in Amsterdam. The Company benefits from a double tax treaty between India and the Netherlands and is a distributing fund in the UK.

The principal objective of the Company is long term capital appreciation for shareholders.

Currently the portfolio is wholly invested in India holding its investments directly through its custodian in Mumbai and utilising the benefits of the tax treaty between India and the Netherlands to maximise the ultimate return to investors. The company may also invest in Global Depositary Receipts and Equity Linked Notes of Indian companies which are issued by banks and traded outside India. From time to time the Company may also invest in Sri Lanka and Bangladesh but this discretion is not currently used. Any balance may be invested in Nepal and Bhutan if opportunities arise.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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February 21, 2018 06:00 ET (11:00 GMT)

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