The Asia Tigers Fund, Inc. Announces Earnings For The Nine Months Ended July 31, 2009

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NEW YORK--(Business Wire)--
The Asia Tigers Fund, Inc. (NYSE:GRR; the "Fund"), a non-diversified, closed-end
management investment company that seeks long-term capital appreciation by
investing primarily in Asian equity securities, today announced unaudited
results for the nine months ended July 31, 2009.

For the nine months ended July 31, 2009, the Fund's net investment income
totaled $72,973. Net realized loss and net change in unrealized gain for the
nine months ended July 31, 2009, were $732,296 and $28,061,936, respectively.
For the nine months ended July 31, 2008, the Fund's net investment loss totaled
$109,532. Net realized gain and net change in unrealized loss for the nine
months ended July 31, 2008, were $19,467,375 and $74,992,096, respectively.

On July 31, 2009, total net assets of the Fund were $69,111,766 and the net
asset value ("NAV") per share was $18.13, based on 3,811,393 shares outstanding.
The Fund's common stock closed at $18.05 per share on the New York Stock
Exchange on July 31, 2009, representing a discount of 0.44% to the Fund's July
31, 2009 NAV. On July 31, 2008 total net assets of the Fund were $97,391,662 and
the NAV per share was $23.06, based on 4,223,151 shares outstanding. The Fund's
common stock closed at $21.26 per share on the New York Stock Exchange on July
31, 2008, representing a discount of 7.81% to the Fund's July 31, 2008 NAV.

For the nine months ended July 31, 2009, the Fund conducted two periodic
repurchase offers. The first repurchase offer commenced on December 26, 2008 and
expired on January 16, 2009. In connection with the repurchase offer, the Fund
purchased 211,158 shares of capital stock at an approximate cost of $2,256,710,
net of a 2% repurchase fee of $44,597. The second repurchase offer commenced on
June 26, 2009 and expired on July 17, 2009. In connection with the second
repurchase offer, the Fund purchased 200,600 shares at an approximate cost of
$3,504,926, net of a 2% repurchase fee of $70,090.

On July 31, 2009, investments in common stocks of Asian companies totaled
$67,208,647 (or 97.25% of the Fund's net assets) and investments in exchange
traded funds totaled $1,260,344 (or 1.82% of the Fund`s net assets). Cash and
cash equivalents (including foreign currency and repurchase agreements) totaled
$41,019 (or 0.06% of the Fund's net assets), and other assets in excess of
liabilities totaled $601,756 (or 0.87% of the Fund's net assets), resulting in
net assets of $69,111,766. Key holdings and country allocations as of July 31,
2009, are set forth below.

Key Holdings and Country Allocations

Top Ten Holdings at July 31, 2009 % of Net Assets

1. Samsung Electronics - (South Korea - Electronic Components) 4.6 %
2. Taiwan Semiconductor - (Taiwan - Semiconductor Components) 3.4 %
3. China Mobile, Ltd. - (Hong Kong - Cellular Telecommunications) 2.3 %
4. China Construction Bank Corp. - (China - Banks) 2.1 %
5. China Life Insurance Co., Ltd. - (China - Insurance) 2.0 %
6. POSCO - (South Korea - Steel Producers) 2.0 %
7. Hon Hai Precision Industry Co. - (Taiwan - Electronic Components) 1.9 %
8. CNPC Hong Kong, Ltd. - (Hong Kong - Oil Companies) 1.8 %
9. Hutchinson Whampoa, Ltd. - (Hong Kong - Diversified Operations) 1.7 %
10. Net Ease.com, Inc. - (China - Internet Service Providers) 1.6 %

Portfolio Composition by Country at July 31, 2009 % of Net Assets

1. Hong Kong 21.8 %
2. South Korea 18.4 %
3. China 14.7 %
4. Taiwan 13.5 %
5. India 10.9 %
6. Singapore 9.6 %
7. Indonesia 3.5 %
8. Malaysia 3.2 %
9. Thailand 2.1 %
10. United Kingdom 0.6 %
11. United States 0.5 %
12. Sri Lanka 0.2 %

The holdings and allocations listed were accurate as of the date shown and are
subject to change without notice. Any securities discussed should not be 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. Past
performance does not guarantee future results.

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".

Blackstone Asia Advisors L.L.C. serves as the Investment Manager to the Fund.
The Investment Manager is an affiliate of The Blackstone Group L.P.

Information on the Fund can be obtained on the Blackstone website
(www.blackstone.com) or by calling the Fund`s toll-free phone number at
1-866-800-8933.

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.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.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.Additional information concerning
such risks and uncertainties are contained in the Fund`s filings with the
Securities and Exchange Commission.

Blackstone Asia Advisors L.L.C.
1-866-800-8933

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