RNS Number:0885J
Guangdong Development Fund Ld
24 March 2003

                       GUANGDONG DEVELOPMENT FUND LIMITED


Hong Kong, 24 March 2003 : Guangdong Development Fund Limited (the "Company")
announces that Mr. Mohammad Haroon was appointed as an alternate director to 
Mr. Faisal Hamad Mubarak Al-Ayyar for the sole purpose of attending the board
meeting of the Company held on 18 March 2003.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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