RNS No 9281n
TAIWAN INVESTMENT TRUST PLC
23 July 1999


Taiwan Investment Trust PLC announces that, based on the Company's undiluted
net asset value of 109.2p at the close of business on 22nd July 1999, the
Residual Net Value prior to deduction of the amount due to Warrantholders was
102.7p per share.  After deduction of the maximum amount due to Warrantholders
the Residual Net Asset Value was 98.1p.  Based on these figures, the average
price of a Warrant for the 10 dealing days before adjustment cannot exceed
approximately 23p in order for the condition precedent under the Scheme to be
met.


END

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