47OZ Anglo Am. 21s

RNS Number:3049P
Five Arrows Chile Inv Tst Ld
10 August 2000


             The Five Arrows Chile Investment Trust Limited (In Liquidation)

Notification of second interim distribution

The joint liquidators of the Company announced on 3 August 2000 that the
declaration of a second interim distribution would be deferred for a week in
order to allow a third party to advance proposals which may lead to enhanced
shareholder value. Discussions with the third party are continuing but the
joint liquidators see no need to further delay the distribution process.

The joint liquidators are therefore pleased to announce a second interim
distribution of US$0.50 per US$0.65 Ordinary Share. Payment will be made to
shareholders in the week commencing Monday 14 August 2000. The total cash
distribution to date now totals US$1.20 per US$0.65 Ordinary Share.

The joint liquidators note that approximately 90% of the Company's portfolio
of shares and securities has now been realised and that the realisation of the
balance of the portfolio will continue to proceed in an orderly fashion.

The timing and quantum of future distributions is dependent, inter alia, on
the progress of the share disposal process and the remittance of the funds
from Chile, which is subject to Chilean Regulatory approval. It is currently
anticipated that a third interim distribution to the shareholders of the
Company will be made in approximately 3 months time. The joint liquidators
will make a further announcement to shareholders in advance of this
distribution.

The completion of the liquidation and the payment in due course of the final
distribution will require Chilean and UK tax and regulatory clearances. The
joint liquidators are at present unable to estimate when these clearances will
be given, but an announcement to shareholders will be made as soon as it is
appropriate to do so.


By Jeremy Spratt and Stephen Treharne of KPMG, joint liquidators of the
Company.

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