GCH Aberdeen Greater China Fund, Inc. (delisted)

The Greater China Fund, Inc. (the "Fund") (NYSE: GCH), a closed-end, non-diversified management investment company seeking long-term capital appreciation, today announced its investment results for the third quarter and nine months ended September 30, 2005. -0- *T At September 30, --------------------------- 2005 2004 ---- ---- Net Assets $236,378,866 $206,324,899 Shares Outstanding 12,597,503 12,597,503 Net Asset Value ("NAV") $ 18.76 $ 16.38 Market Price $ 16.73 $ 15.49 Discount to NAV (10.82)% (5.43)% Quarter Ended September 30, --------------------------- 2005 2004 ---- ---- Net Investment Income $ 857,083 $ 1,533,322 Per Share $ 0.07 $ 0.12 Net Realized and Unrealized Gain $ 4,745,906 $ 6,911,543 Per Share $ 0.38 $ 0.55 Nine Months Ended September 30, ------------------------------- 2005 2004 ---- ---- Net Investment Income $ 3,058,544 $ 2,997,969 Per Share $ 0.24 $ 0.24 Net Realized and Unrealized Gain/(Loss) $ 16,885,935 $5,453,378) Per Share $ 1.34 ($0.43) Allocation of Net Assets --------------------------------------------- Equities: Hong Kong 73.3% China 21.2 Taiwan 4.9 -------- 99.4 Other Assets in Excess of Liabilities 0.6 -------- Net Assets 100.0% ======== Top Ten Equity Holdings ----------------------- Representing 43.6% of net assets - Hutchison Whampoa Ltd. - PetroChina Co. Ltd. - Cheung Kong Infrastructure Holdings Ltd. - Kingboard Chemical Holdings Ltd. - China Petroleum & Chemical Corp. "H" - Techtronic Industries Co. - Henderson Land Development - Hon Hai Precision Industry Co. Ltd. - Wharf Holdings Ltd. - Esprit Holdings Ltd. *T The Fund's investment manager is Baring Asset Management (Asia) Limited.