Reminder of Subscription Rights

Advance Developing Markets Fund Limited

Reminder of Subscription Rights

A circular has today been posted to the holders of the Company's subscription shares in which they are reminded that they have the right, subject to and in accordance with the terms and conditions on which the subscription shares were issued, to exercise on 29 October 2010 all or any of the rights conferred by their subscription shares.

A copy of the document is available on the website at www.advance-emerging.com

27 September 2010 

For further information please contact:

Advance Emerging Capital Limited (Investment Manager to Advance Developing Markets Fund Limited)

Dr Slim Feriani Tel: +44 (0)20 7016 0030

Cavendish Administration Limited (UK Administration Agent)

Anthony Lee / Russell Scott Tel: +44 (0)20 7490 4355

END