RNS Number:5928K
Guangdong Development Fund Ld
30 April 2003


                       GUANGDONG DEVELOPMENT FUND LIMITED


Hong Kong, 30 April 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 30 April 2003.



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

STRZGGFDVGNGFZM