NEW YORK, January 25, 2010 – The Asia Tigers Fund, Inc. (NYSE: GRR; the “Fund”) announced the final results of the Fund’s semi-annual repurchase offer for its shares of common stock. The repurchase offer and withdrawal rights expired on Friday, January 15, 2010. The Fund offered to repurchase up to 5% of its outstanding shares of common stock for cash at a price approximately equal to net asset value as of January 22, 2010. As of Friday, January 15, 2010, 3,811,394 Fund shares were outstanding. Approximately 89,066.9123 shares were validly tendered and not withdrawn prior to the expiration of the Fund’s repurchase offer. The repurchase amount of 5% of Fund shares represents approximately 190,570 shares outstanding. The shares accepted for tender will receive cash at a repurchase offer price of $19.4138, which is equal to the Fund’s net asset value per share of $19.81 as of January 22, 2010, less a repurchase fee of $0.3962 per share. Cash payment for the repurchased shares will be issued on or before January 29, 2010. After the repurchase offer, the Fund will have approximately 3,722,327 shares outstanding.
The Fund is a non-diversified, closed-end management investment company that seeks long-term capital appreciation by investing primarily in Asian equity securities. The Fund conducts semi-annual repurchase offers and is traded on the New York Stock Exchange under the trading symbol “GRR.”