HYF Himalayan Fd

TIDMHYF

RNS Number : 7203I

Himalayan Fund N.V.

20 June 2011

Press release

Himalayan Fund N.V. announces new distribution partnership with Banque Morval

AMSTERDAM, Monday, June 20(th) , 2011 - Himalayan Fund N.V., the London and Amsterdam-listed open-end country fund investing in Indian equities since 1990, today announces a new distribution partnership for the fund with Swiss-based Banque Morval.

Banque Morval will use Himalayan Fund N.V. to channel investments by its clients in Indian equities; Indian rules governing access by foreign investors require such investors to use funds and managers registered with Indian authorities for the purpose.

Himalayan Fund N.V. is one of the oldest funds in the world by means of which foreign investors can access the Indian markets. The Fund has been active in India since 1990 and its management has a longstanding background in working with the Fund and in identifying investment opportunities in the Indian sub-continent.

Ian McEvatt, chairman of Himalayan Fund N.V.: "We are proud that Banque Morval has selected Himalayan Fund N.V. as the investment channel of choice for clients with an interest in India. Banque Morval has already identified a significant volume of funds earmarked for investment in India and we anticipate that the momentum provided by these inflows will facilitate our broader distribution efforts."

"The Himalayan Fund N.V. investment advisor Iceman's in-depth and long standing expertise in the Indian equity market, his good long term performance record, his passion for the subject and articulate way of explaining it to his investors is what attracted us to Himalayan Fund N.V.. We regard Indian equities as one of the most exciting long term investment stories around." said Raymond Heche, a member of Banque Morval's executive committee and head of its institutional department.

About Himalayan Fund N.V.

Himalayan Fund N.V. is an investment fund with variable capital incorporated under Dutch Law. The primary objective of the Company is to generate long-term capital gains for shareholders from investing in India. Access to Indian markets by foreigners is restricted, but thanks to its registration with the Securities and Exchange Board of India as a 'Foreign Institutional Investor' Himalayan Fund N.V. is able to hold all of its own investments directly and offer shareholders the benefits of the double tax treaty between the Netherlands and India.

The Himalayan Fund N.V.'s Ordinary Shares are traded through Euronext Amsterdam's TCS system once a week at a Transaction Price based on Net Asset Value. Its Ordinary Shares are also traded on the London Stock Exchange. The Net Asset Value is published every Friday.

About Banque Morval

Banque Morval is a family-owned Swiss Private Bank, based in Geneva and Lugano. Banque Morval began its operation in 1974 as a Swiss fund management company. It became a bank during the 1980s to enable it to widen the range of services to its clients. The bank is at the core of a group with strong Swiss roots, dedicated to private banking and fund management. Banque Morval is regulated by FINMA (the Swiss Financial Market Supervisory Authority) and the group has offices in Switzerland, Italy, Uruguay, Cayman, Luxembourg and Monaco.

For more information you can contact:

Himalayan Fund N.V.

Ian McEvatt, Chairman

T. +44 1534 702 872

M. +44 7990 777 888

CitySavvy B.V.

Herengracht 124 - 128

1015 BT Amsterdam

Robbert ter Hart

T. +31 20 794 47 37

E. robbert@citysavvy.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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