Dear Shareholder,

We understand that you are a shareholder in London Asia Capital plc, formerly known as Netvest plc, as your name and address has been provided to us by your custodian.

Your shares in London Asia Capital plc are held by your stockbroker or bank in a custodian or nominee account and you may not normally receive circulars or the company accounts as they are not necessarily forwarded on to the individual shareholders by the custodian.

As your Board, we want to be able to communicate with all shareholders.

The London Asia Capital plc shares were suspended from AIM in 2008 and therefore some shareholders may fear that their shareholding is worthless. This is most certainly not the case as the enclosed 2009 Report & Accounts confirm.

Copies of the latest accounts and other announcements are available on the company’s web site.

You may choose to track further announcements by either going to the company web site at www.londonasiacapital.com or registering for e-mail alerts on that web site.

You may also wish to attend the Annual General Meeting at 10.30 am on 28 July at the offices of Speechly Bircham LLP, 6 New Street Square, London EC4A 3LX.

If you have any queries or if you wish to attend any of the regular shareholders briefing meetings, please contact me.

Please do not hesitate to contact us by telephone or e-mail: shares@londonasiacapital.com

Yours sincerely,

D.B. Bailey
Director
London Asia Capital plc

P.S. Enclosed is a letter detailing our latest estimates of the Net Asset Value (NAV) per share.