RNS No 3601w
GUANGDONG DEVELOPMENT FUND LIMITED
6th January 1998


GUANGDONG DEVELOPMENT FUND LIMITED ("COMPANY")

We have just received a notification of disclosure of interest that BZW Asia
Limited (formerly "Barclays de Zoete Wedd (Asia) Limited") has transferred the
beneficial interest in 10,000,000 shares of the Company to Barclays Bank Plc.

END

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