Corrected Press Release -- The Asia Tigers Fund, Inc. Announces Expiration of Quarterly Repurchase Offer; Preliminary Ratio of Non-Odd Shares Tendered to Be Accepted for Payment is Approximately 23.345%.

NEW YORK -- The Asia Tigers Fund, Inc. (the "Fund") announced the expiration of its quarterly repurchase offer for its shares of common stock. The offer and withdrawal rights expired on Friday, July 15, 2005. 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 July 22, 2005. As of Friday, July 15, 2005, 6,329,629.5666 Fund shares were outstanding. The repurchase amount of 5% of Fund shares represents approximately 316,482.0000 shares outstanding. The preliminary count by PFPC Inc., the Fund's transfer agent, indicated that approximately 1,376,006.2378 shares (approximately 21.74 % of the Fund's outstanding shares) were validly tendered and not withdrawn prior to the expiration of the Fund's repurchase offer. This determination is subject to final confirmation and the proper delivery of all shares tendered and not withdrawn, including shares tendered pursuant to the guaranteed delivery procedure. 40,474 shares are estimated to be subject to this guarantee. Since more than 5% of Fund shares outstanding were tendered, it is required that Fund shares tendered will be accepted on a pro-rata basis. Contrary to what was stated in this press release previously issued on July 18, 2005, the preliminary ratio of non-odd lot shares tendered to be accepted for payment is approximately 23.345%. Shares will be repurchased for cash at a price equal to their net asset value as of the close of regular trading on the New York Stock Exchange on July 22, 2005, subject to a repurchase fee of 2% of net asset value per share, which will be deducted from the repurchase price.

The Asia Tigers Fund, Inc. is a closed-end management investment company that seeks long-term capital appreciation by investing primarily in Asian equity securities. The Fund conducts quarterly repurchase offers and is traded on the New York Stock Exchange under the trading symbol "GRR."

Advantage Advisers, Inc. serves as the Investment Manager to the Fund. The Investment Manager is a wholly-owned subsidiary of Oppenheimer Asset Management Inc., which is an affiliate of Oppenheimer & Co. Inc.

Periodically updated information on the Fund can be obtained through the Fund's toll-free phone line at 1-800-421-4777. Information provided includes a recorded update including monthly portfolio manager commentary, the weekly NAV calculation and other information.

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.