During the six months ended April 30, 2005, the Fund's net
investment income totaled $89,477, equal to $0. The first repurchase offer commenced on
December 23, 2004 and expired on January 14, 2005.7% of the Fund's net assets), investments
in preferred stocks of Asian companies totaled $529,084 (or 0.7% of
the Fund's net assets), and cash and cash equivalents (including
foreign currency) totaled $4,667,900 (or 5.3% of the Fund's net assets), resulting in net assets of
$78,644,820. Any securities
discussed should not be construed as a recommendation to buy or sell
and there is no guarantee that these securities will be held nor
should it be assumed that they were or will be profitable.
With established western markets maturing, serious attention is being paid
to the countries where manufacturers can see significant long-term growth.

uzbekistan wear

On
April 30, 2004, total net assets of the Fund were $86,461,592 and the
NAV per share was $11. Shinhan Financial Group - (Korea - Diversified
Financial Services) 1.researchandmarkets. The report provides five year
forecasts to 2010 . Diverse influences - from deregulation and better
trade links to improved access and the rise of medical tourism - are seeing
markets such as Vietnam take an increasingly important role in the region .com/reports/c18770

Laura Wood
Senior Manager
Research and Markets
press@researchandmarkets.

essentials exports

42, based on
6,329,630 shares outstanding. Net
realized and unrealized gain for the six months ended April 30, 2005
was $9,917,074, equal to $1.

Key Holdings and Country Allocations

Top Ten Holdings at April 30, 2005 % of Net Assets

1. Malaysia 5.
However, effective planning is vital, and impartial, thoroughly researched
business data is essential to fully appreciate the current market status as a
basis for future development.
In addition to highly detailed analysis of each market, the report
provides a thought-provoking and comparative examination, putting
opportunities into their current and future context.

uzbekistan sinhala

11
per share on the New York Stock Exchange on April 29, 2005,
representing a discount of 10.13, based on 7,771,126 shares outstanding. Net realized and unrealized gain for the six months
ended April 30, 2004 was $5,560,564, equal to $0.8 %
3 . Cheung Kong Holdings - (Hong Kong - Real Estate) 2. China Mobile - ( Hong Kong - Cellular
Telecommunications) 1.

bangladesh affordability

Business Editors

NEW YORK----The Asia Tigers Fund,
Inc.01 per share. The Investment Manager is a wholly-owned subsidiary of
Oppenheimer Asset Management Inc.

Research and Markets: Medical Device Markets in the Asia Pacific Region: All Change in the Tiger Economies?

makro bodydots

5 %
4.8 %
2.

Advantage Advisers , Inc. Inc. Such forward-looking statements
are based on the Fund's current plans and expectations , and are
subject to risks and uncertainties that could cause actual results to
differ materially from those described in the forward-looking
statements.com/cgi-bin/prnh/20040820/RESEARCH )
Business opportunities in the Asian medical device and equipment markets
are very different from a few years ago.

asia carry

Korea 25.
This new report provides a regional overview as well as detailed
information on nine key Asia/Pacific markets.

123 myanmar

3 %
5.1 %
7. Singapore 8. Additional information concerning such risks and
uncertainties are contained in the Fund's filings with the Securities
and Exchange Commission.

affordability baleno

Key holdings and country allocations as of April 30,
2005, are set forth below.

lanka kapruka

In connection with the first repurchase offer, the Fund
purchased 350,672 shares of capital stock at a total cost of
$4,288,719, less a 2% repurchase fee of $85,774.
On April 30, 2005, investments in common stocks of Asian companies
totaled $77,620,838 (or 98. DUBLIN, Ireland, Research and Markets
(http: //www.

colombo armenia

In connection with
the second repurchase offer, the Fund purchased 333,138 shares of
capital stock at a total cost of $4,137,580, less a 2% repurchase fee
of $82,752.4 %
7.
Periodically updated information on the Fund can be obtained
through the Fund's toll-free phone line at 1-800 -421-4777.

This press release may contain statements regarding plans and
expectations for the future that constitute forward-looking statements
within the Private Securities Litigation Reform Act of 1995.

myanmar plaza

9% of the Fund's net
assets). Esprit Holdings - (Hong Kong - Distribution
+ Wholesale) 2. Hon Hai Precision - ( Taiwan - Electronics
Components) 1. Indonesia 1. All
statements other than statements of historical fact are
forward-looking and can be identified by the use of words such as
"may," "will," "expect," "anticipate," "estimate ," "believe,"
"continue," or other similar words.

macau armenia

01 per share.7 %
2. India 9.researchandmarkets.

sri carry

The Fund's common stock closed at $11.9 %
9 .4 %
5. China 6.

exports sinhala

On April 30, 2005, total net assets of the Fund were $78,644,820
and the net asset value ("NAV") per share was $12. The second
repurchase offer commenced on March 24, 2005 and expired on April 15,
2005. Liabilities in excess of other assets totaled $4,173,002 (or
5. Taiwan 16.4 %
8. Past
performance does not guarantee future results. Also provided is a market outlook for 9 key markets, market
valuations and markets put in their regional context.

asia nepal

Thailand 4.8 %

The holdings and allocations listed were accurate as of the date
shown and are subject to change without notice. Information
provided includes a recorded update including monthly portfolio
manager commentary, the weekly NAV calculation and other information.com
Fax: +353 1 4100 980

myanmar nepal

77 per share on the New York Stock
Exchange on April 30, 2004, representing a discount of 12.72 per share. Taiwan Semiconductor - (Taiwan - Semiconductor
Components) 3. Hutchison Whampoa - (Hong Kong - Diversified
Operations) 2. Infosys Technologies (India - Applications
Software) 2.0 %
8.8 %

Portfolio Composition by Country at April 30, 2005 % of Net Assets

1. Hong Kong 22.2 %
3.1 %
9.

kazakhstan myanmar

(the "Fund"), a closed-end management investment company that
seeks long-term capital appreciation by investing primarily in Asian
equity securities, today announced unaudited results for the six
months ended April 30, 2005. The Fund conducts quarterly repurchase offers and is
traded on the New York Stock Exchange under the trading symbol "GRR".

Tiger clubs?
At the same time, markets which had hitherto excited little industry or
investor interest have emerged as real areas of opportunity for suppliers and
service companies alike.

kapruka armenia

57 per share. For the six months ended
April 30, 2004, the Fund's net investment loss was $42,038, equal to
$0.
(Logo: http://www. The traditional tiger economies,
characterised by economic growth, free market environment, developed industry
and investment in health and health infrastructure have had a long haul back
from the financial instability and economic downturn in the 1990's.

sinhala makro

The Asia Tigers Fund Inc. Announces Earnings For The Six Months Ended April 30 2005

22% to the
Fund's April 30, 2004 NAV.8 %
10.

The Fund is a closed-end management investment company that seeks
long-term capital appreciation by investing primarily in Asian equity
securities ., which is an affiliate of
Oppenheimer + Co.com/reports/c18770 ) has announced the addition
of Medical Device Markets in the Asia Pacific Region: All Change in the Tiger
Economies? to their offering .

wear sinhala

2 %
6.3 %
6. serves as the Investment Manager to the
Fund.

affordability sri

For the six months ended April 30, 2005, the Fund conducted two
quarterly repurchase offers. Samsung Electronics - (Korea - Electric Products
-Miscellaneous) 8.

handicrafts exports

The report analyses the
following key markets: Hong Kong, Indonesia, South Korea, Malaysia,
Philippines, Singapore, Taiwan, Thailand and Vietnam

For more information visit
http://www.

carry asia

55% to the Fund's April 30, 2005 NAV . The
Fund's common stock closed at $9.0 %
4.

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DBS Group Holdings - (Singapore - Commercial
Banks) 2.newscom.