Listing Announcement

The Cayman Islands Stock Exchange hereby admits the following securities to listing:

Effective Date:10-Feb-2004
Name of Issuer:Lion Fund Limited, The
Description:Up to 89,990,000 Participating Shares issued in series

- Series 2


Type of issue: Primary listing of an open-ended mutual fund.


From: 5:00 p.m. on 10 February 2004


Copies of the listing document may be obtained during normal business hours at the offices of the Exchange.