JF JAPAN OTC FUND INC. (STOCK CODE 881)

The Exchange has received a notification from JF Japan OTC Fund
Inc. ("JF Japan OTC") pursuant to Section 20 of the securities
(Disclosure of Interests) Ordinance ("SDIO") reporting the findings
of an investigation conducted by JF Japan OTC pursuant to Section 18
of the SDIO.  The parties reporting share interests in JF Japan OTC
as at 6 March 2001 are listed below with their corresponding interests:-

CCASS PARTICIPANT        NUMBER OF SHARES    NAME OF PERSONS
NAME                                         HAVING INTERESTS
                                             IN SUCH SHARES

         -                   2,704,000       Scottish Value Trust
         -                   1,000,000       Warrants and Value IT
         -                     560,000       ASCF4000002
         -                     400,000       Scottish Value Portfolio Fund