47OZ Anglo Am. 21s

RNS Number:2116Q
Five Arrows Chile Inv Tst Ld
31 August 2000


            The Five Arrows Chile Investment Trust Limited (In Liquidation)
               Net Asset Value as at 22nd August, 2000

The Company announces that the estimated unaudited Net Asset Value (NAV) per
share and cash and near cash equivalents at 22nd August was as follows:

                                   29th August 2000       22nd August 2000 

NAV per share                           1.39 US$       1.36 US$

Cash and near cash per share            1.36 US$       1.34 US$
(net of liabilities)

Cash distributed to shareholders
- per share                          *  1.20 US$
   
* On 26 June 2000 the Company made its first interim liquidation distribution
to shareholders of US$ 0.70 per share.

* On 15 August 2000 the Company made its second interim liquidation
distribution to shareholders of U$ 0.50 per share.
 
Note:  Following the Extraordinary General Meeting of the Company, held on 6th
April 2000, and a meeting of The Board of the Company on Tuesday 25th April to
review the position, it was announced that the number of elections received
were insufficient for the scheme of reconstruction to be implemented. The
liquidation resolution has accordingly been filed and Jeremy Spratt and
Stephen Treharne of KPMG have been appointed as joint liquidators. 

The NAV and the cash and near cash per share figure have been calculated by
taking the net assets of the Company and deducting the costs of the Proposals,
a provision for Chilean With-holding tax of 10% on realised capital gains and
provisions for all undischarged liabilities of the fund.

The figure for net cash and near cash includes cash, stock and ADR's held
outside of Chile and short term cash instruments held in Chile.

The estimated Net Asset Value and amounts of net cash and near cash have been
prepared on an unaudited basis and provided to the Company  on a best efforts
basis.  Accordingly, no responsibility is accepted by the Company or its
advisers or agents for the accuracy of the above calculations and investors
should not rely upon this valuation when making investment decisions.

For The Five Arrows Chile Investment Trust Ltd by its Secretary Rothschild
Asset Management Limited.

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