RNS No 4259u
TAIWAN INVESTMENT TRUST PLC
14 July 1999


Taiwan Investment Trust PLC announces that, prior to taking account of the
cost of realisation of any part of the Company's portfolio in order to meet
elections by Shareholders for the Redemption Option and based on the Company's
undiluted net asset value of 126.4p at the close of business on 13th July
1999, the Residual Net Value prior to deduction of the amount due to
Warrantholders was 119.2p per share.  After deduction of the maximum amount
due to Warrantholders the Residual Net Asset Value was 113.9p.  Based on these
figures, the average price of a Warrant for the 10 dealing days before
adjustment cannot exceed approximately 26.75p in order for the condition
precedent under the Scheme to be met.


END


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