ARN Asian Enterprise - Director/PDMR Shareholding

RNS Number:0858S
ARN Asian Enterprise Fund Limited
10 April 2008

SCHEDULE 11

Notification of Transactions of Directors/Persons Discharging Managerial
Responsibility and Connected Persons

All relevant boxes should be completed in block capital letters

1 Name of the Issuer 2 State whether the notification relates to:

(i) a transaction notified in accordance with Market
Abuse Rules; (ii) a disclosure made in accordance
ARN ASIAN ENTERPRISE FUND LIMITED with section 53 (as extended by section 64 of the
Companies Act 1990) or entered into the issuer's
register in accordance with section 59 of the
Companies Act 1990; or (iii) both (i) and (ii).

(i)

3 Name of person discharging managerial 4 State whether notification relates to a person
responsibilities/director connected with a person discharging managerial
responsibilities/director named in 3 and identify the
connected person

CHRISTOPHER WONG SI WAI

N/A

5 Indicate whether the notification is in 6 Description of shares (including class) debentures or
respect of a holding of the person referred derivatives or financial instruments relating to
to in 3 or 4 above or in respect of a shares
non-beneficial interest

3
REFERENCE SERIES

7 Name of registered shareholder(s) and, if 8 State the nature of the transaction
more than one, number of shares held by each
of them

CITCO GLOBAL CUSTODY NV - CASH

EXISTING HOLDING
9 Number of shares, debentures or financial 10 Percentage of issued class acquired (treasury shares
instruments relating to shares acquired of that class should not be taken into account when
calculating percentage)

946.153
1.16% of REFERENCE SERIES as at 9 April 2008

11 Number of shares, debentures or financial 12 Percentage of issued class disposed (treasury shares
instruments relating to shares disposed of that class should not be taken into account when
calculating percentage)

N/A
N/A

13 [DEL:Price per share or:DEL] value of 14 Date and place of transaction
transaction

1 OCTOBER 2007
USD2,038,280
REGISTRAR'S AGENT OFFICE, HONG KONG

15 Total holding following notification and 16 Date issuer informed of transaction
total percentage holding following
notification (any treasury shares should not
be taken into account when calculating
percentage) 1 OCTOBER 2007

946.153 SHARES / 1.16% as at 9 April 2008

If a person discharging managerial responsibilities has been granted options by
the issuer, complete the following boxes:

17 Date of grant 18 Period during which or date on which it can be
exercised

19 Total amount paid (if any) for grant of the 20 Description of shares or debentures involved (class
option and number)

21 Exercise price (if fixed at time of grant) 22 Total number of shares or debentures over which
or indication that the price is to be fixed options are held following notification
at the time of exercise

23 Any additional information 24 Name of contact and telephone number for queries

CYNTHIA CHEUNG

FORTIS PRIME FUND SOLUTIONS (ASIA) LIMITED

Tel. (852) 2823 0806

Name and signature of authorised officer of issuer responsible for making notification

Christopher Wong, Director of ARN Asian Enterprise Fund Limited

Date of notification 9 April 2008

SCHEDULE 11

Notification of Transactions of Directors/Persons Discharging Managerial
Responsibility and Connected Persons

All relevant boxes should be completed in block capital letters

1 Name of the Issuer 2 State whether the notification relates to:

(i) a transaction notified in accordance with Market
Abuse Rules; (ii) a disclosure made in accordance
ARN ASIAN ENTERPRISE FUND LIMITED with section 53 (as extended by section 64 of the
Companies Act 1990) or entered into the issuer's
register in accordance with section 59 of the
Companies Act 1990; or (iii) both (i) and (ii).

(i)

3 Name of person discharging managerial 4 State whether notification relates to a person
responsibilities/director connected with a person discharging managerial
responsibilities/director named in 3 and identify the
connected person

JEFFREY LUM CHIN PONG

N/A

5 Indicate whether the notification is in 6 Description of shares (including class) debentures or
respect of a holding of the person referred derivatives or financial instruments relating to
to in 3 or 4 above or in respect of a shares
non-beneficial interest

3
REFERENCE SERIES

7 Name of registered shareholder(s) and, if 8 State the nature of the transaction
more than one, number of shares held by each
of them

LUM CHIN PONG EXISTING HOLDING

9 Number of shares, debentures or financial 10 Percentage of issued class acquired (treasury shares
instruments relating to shares acquired of that class should not be taken into account when
calculating percentage)

100
0.12% of REFERENCE SERIES as at 9 April 2008

11 Number of shares, debentures or financial 12 Percentage of issued class disposed (treasury shares
instruments relating to shares disposed of that class should not be taken into account when
calculating percentage)

N/A
N/A

13 Price per share or value of transaction 14 Date and place of transaction

USD1,000 PER SHARE 13 JULY 2001

REGISTRAR'S AGENT OFFICE, HONG KONG

15 Total holding following notification and 16 Date issuer informed of transaction
total percentage holding following
notification (any treasury shares should not
be taken into account when calculating
percentage) 13 JULY 2001

100 SHARES / 0.12% as at 9 April 2008

If a person discharging managerial responsibilities has been granted options by
the issuer, complete the following boxes:

17 Date of grant 18 Period during which or date on which it can be
exercised

19 Total amount paid (if any) for grant of the 20 Description of shares or debentures involved (class
option and number)

21 Exercise price (if fixed at time of grant) 22 Total number of shares or debentures over which
or indication that the price is to be fixed options are held following notification
at the time of exercise

23 Any additional information 24 Name of contact and telephone number for queries

CYNTHIA CHEUNG

FORTIS PRIME FUND SOLUTIONS (ASIA) LIMITED

Tel. (852) 2823 0806

Name and signature of authorised officer of issuer responsible for making notification

Christopher Wong, Director of ARN Asian Enterprise Fund Limited

Date of notification 9 April 2008

SCHEDULE 11

Notification of Transactions of Directors/Persons Discharging Managerial
Responsibility and Connected Persons

All relevant boxes should be completed in block capital letters

1 Name of the Issuer 2 State whether the notification relates to:

(i) a transaction notified in accordance with Market
Abuse Rules; (ii) a disclosure made in accordance
ARN ASIAN ENTERPRISE FUND LIMITED with section 53 (as extended by section 64 of the
Companies Act 1990) or entered into the issuer's
register in accordance with section 59 of the
Companies Act 1990; or (iii) both (i) and (ii).

(i)

3 Name of person discharging managerial 4 State whether notification relates to a person
responsibilities/director connected with a person discharging managerial
responsibilities/director named in 3 and identify the
connected person

PETER O'CONNOR

N/A

5 Indicate whether the notification is in 6 Description of shares (including class) debentures or
respect of a holding of the person referred derivatives or financial instruments relating to
to in 3 or 4 above or in respect of a shares
non-beneficial interest

3

REFERENCE SERIES
7 Name of registered shareholder(s) and, if 8 State the nature of the transaction
more than one, number of shares held by each
of them

ADAM & COMPANY

INTERNATIONAL NOMINEES EXISTING HOLDING

LIMITED

9 Number of shares, debentures or financial 10 Percentage of issued class acquired (treasury shares
instruments relating to shares acquired of that class should not be taken into account when
calculating percentage)

118.772
0.15% of REFERENCE SERIES as at 9 April 2008

11 Number of shares, debentures or financial 12 Percentage of issued class disposed (treasury shares
instruments relating to shares disposed of that class should not be taken into account when
calculating percentage)

N/A
N/A

13 [DEL:Price per share or:DEL] value of 14 Date and place of transaction
transaction

1 OCTOBER 2003
USD169,461.53
REGISTRAR'S AGENT OFFICE, HONG KONG

15 Total holding following notification and 16 Date issuer informed of transaction
total percentage holding following
notification (any treasury shares should not
be taken into account when calculating
percentage) 1 OCTOBER 2003

118.772 SHARES / 0.15% as at 9 April 2008

If a person discharging managerial responsibilities has been granted options by
the issuer, complete the following boxes:

17 Date of grant 18 Period during which or date on which it can be
exercised

19 Total amount paid (if any) for grant of the 20 Description of shares or debentures involved (class
option and number)

21 Exercise price (if fixed at time of grant) 22 Total number of shares or debentures over which
or indication that the price is to be fixed options are held following notification
at the time of exercise

23 Any additional information 24 Name of contact and telephone number for queries

CYNTHIA CHEUNG

FORTIS PRIME FUND SOLUTIONS (ASIA) LIMITED

Tel. (852) 2823 0806

Name and signature of authorised officer of issuer responsible for making notification

Christopher Wong, Director of ARN Asian Enterprise Fund Limited

Date of notification 9 April 2008

SCHEDULE 11

Notification of Transactions of Directors/Persons Discharging Managerial
Responsibility and Connected Persons

All relevant boxes should be completed in block capital letters

1 Name of the Issuer 2 State whether the notification relates to:

(i) a transaction notified in accordance with Market
Abuse Rules; (ii) a disclosure made in accordance
ARN ASIAN ENTERPRISE FUND LIMITED with section 53 (as extended by section 64 of the
Companies Act 1990) or entered into the issuer's
register in accordance with section 59 of the
Companies Act 1990; or (iii) both (i) and (ii).

(i)

3 Name of person discharging managerial 4 State whether notification relates to a person
responsibilities/director connected with a person discharging managerial
responsibilities/director named in 3 and identify the
connected person

ARN MANAGEMENT (CAYMAN) LTD

(INVESTMENT MANAGER) N/A

5 Indicate whether the notification is in 6 Description of shares (including class) debentures or
respect of a holding of the person referred derivatives or financial instruments relating to
to in 3 or 4 above or in respect of a shares
non-beneficial interest

3
REFERENCE SERIES

7 Name of registered shareholder(s) and, if 8 State the nature of the transaction
more than one, number of shares held by each
of them

ARN MANAGEMENT (CAYMAN) LTD

EXISTING HOLDING
9 Number of shares, debentures or financial 10 Percentage of issued class acquired (treasury shares
instruments relating to shares acquired of that class should not be taken into account when
calculating percentage)

N/A
N/A

11 Number of shares, debentures or financial 12 Percentage of issued class disposed (treasury shares
instruments relating to shares disposed of that class should not be taken into account when
calculating percentage)

N/A
N/A

13 Price per share or value of transaction 14 Date and place of transaction

N/A 1 OCTOBER 2005 (1,129.303 SHARES);

1 OCTOBER 2006 (303.131 SHARES); and

1 OCTOBER 2007 (465.167 SHARES)

Registrar's Agent Office, Hong Kong

15 Total holding following notification and 16 Date issuer informed of transaction
total percentage holding following
notification (any treasury shares should not
be taken into account when calculating
percentage) 1 OCTOBER 2005; 1 OCTOBER 2006; and

1 OCTOBER 2007

1,897.601 SHARES / 2.32% as at 9 April 2008

If a person discharging managerial responsibilities has been granted options by
the issuer, complete the following boxes:

17 Date of grant 18 Period during which or date on which it can be
exercised

19 Total amount paid (if any) for grant of the 20 Description of shares or debentures involved (class
option and number)

21 Exercise price (if fixed at time of grant) 22 Total number of shares or debentures over which
or indication that the price is to be fixed options are held following notification
at the time of exercise

23 Any additional information 24 Name of contact and telephone number for queries

CYNTHIA CHEUNG

FORTIS PRIME FUND SOLUTIONS (ASIA) LIMITED

Tel. (852) 2823 0806

Name and signature of authorised officer of issuer responsible for making notification

Christopher Wong, Director of ARN Asian Enterprise Fund Limited

Date of notification 9 April 2008

SCHEDULE 11

Notification of Transactions of Directors/Persons Discharging Managerial
Responsibility and Connected Persons

All relevant boxes should be completed in block capital letters

1 Name of the Issuer 2 State whether the notification relates to:

(i) a transaction notified in accordance with Market
Abuse Rules; (ii) a disclosure made in accordance
ARN ASIAN ENTERPRISE FUND LIMITED with section 53 (as extended by section 64 of the
Companies Act 1990) or entered into the issuer's
register in accordance with section 59 of the
Companies Act 1990; or (iii) both (i) and (ii).

(i)

3 Name of person discharging managerial 4 State whether notification relates to a person
responsibilities/director connected with a person discharging managerial
responsibilities/director named in 3 and identify the
connected person

ARN MANAGEMENT (CAYMAN) LTD

(INVESTMENT MANAGER) N/A

5 Indicate whether the notification is in 6 Description of shares (including class) debentures or
respect of a holding of the person referred derivatives or financial instruments relating to
to in 3 or 4 above or in respect of a shares
non-beneficial interest

3
SECURITY CLASS I-07

7 Name of registered shareholder(s) and, if 8 State the nature of the transaction
more than one, number of shares held by each
of them

ARN MANAGEMENT (CAYMAN) LTD

EXISTING HOLDING
9 Number of shares, debentures or financial 10 Percentage of issued class acquired (treasury shares
instruments relating to shares acquired of that class should not be taken into account when
calculating percentage)

2,000
22.69% of SECURITY CLASS I-07 as at 9 April 2008

11 Number of shares, debentures or financial 12 Percentage of issued class disposed (treasury shares
instruments relating to shares disposed of that class should not be taken into account when
calculating percentage)

N/A
N/A

13 Price per share or value of transaction 14 Date and place of transaction

USD1,000 PER SHARE 30 MAY 2007

Registrar's Agent Office, Hong Kong

15 Total holding following notification and 16 Date issuer informed of transaction
total percentage holding following
notification (any treasury shares should not
be taken into account when calculating
percentage) 30 MAY 2007

2,000 SHARES / 22.69% as at 9 April 2008

If a person discharging managerial responsibilities has been granted options by
the issuer, complete the following boxes:

17 Date of grant 18 Period during which or date on which it can be
exercised

19 Total amount paid (if any) for grant of the 20 Description of shares or debentures involved (class
option and number)

21 Exercise price (if fixed at time of grant) 22 Total number of shares or debentures over which
or indication that the price is to be fixed options are held following notification
at the time of exercise

23 Any additional information 24 Name of contact and telephone number for queries

CYNTHIA CHEUNG

FORTIS PRIME FUND SOLUTIONS (ASIA) LIMITED

Tel. (852) 2823 0806

Name and signature of authorised officer of issuer responsible for making notification

Christopher Wong, Director of ARN Asian Enterprise Fund Limited

Date of notification 9 April 2008

Notes: This form is intended for use by an issuer to make a RIS
notification required by the Market Abuse Rules and section 53 (as extended by
section 64 of the Companies Act 1990) or entered into the issuer's register in
accordance with section 59 of the Companies Act 1990.

(1) An issuer making a notification in respect of a transaction relating
to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and
24.

(2) An issuer making a notification in respect of a derivative relating to
the shares of the issuer should complete boxes 1 to 4, 6, 8,13, 14,16,23 and 24.

(3) An issuer making a notification in respect of options granted to a
director/person discharging managerial responsibilities should complete boxes 1
to 3 and 17 to 24

(4) An issuer making a notification in respect of a financial instrument
relating to the shares of the issuer (other than a debenture) should complete
the boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.

This announcement has been issued through the Companies Announcement Service of

The Irish Stock Exchange

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

ISEBXGDSGGBGGIG