Press Releases

Announces results of measurement period for second potential tender offer

THE SWISS HELVETIA FUND, INC. ANNOUNCES RESULTS OF MEASUREMENT PERIOD FOR SECOND POTENTIAL TENDER OFFER

10/25/2011

New York, New York—October 25, 2011

The Swiss Helvetia Fund, Inc. (NYSE: SWZ) (the "Fund"), announced the completion of the second twelve-week measurement period in connection with the Fund's previously announced tender offer program (the "Program"). Under the Program, the Fund's Board of Directors approved up to two tender offers during 2011, each for up to 5% of the Fund's shares at a price equal to 98% of the Fund's net asset value ("NAV"), if the Fund's shares trade at an average discount to NAV of more than 10% during the applicable twelve-week measurement period (each, an "Offer"). The Fund completed the first Offer on June 30, 2011, accepting 1,530,131 properly tendered shares at a price per share of $15.81 (98% of the Fund's NAV per share as determined by the Fund on July 1, 2011).

At the conclusion of the second twelve-week measurement period, which began on August 1, 2011 and concluded on October 24, 2011, the Fund's shares traded at an average discount to NAV of 9.9942%. As a result, the Fund will not conduct the second of the two Offers approved by the Board under the Program.

About The Swiss Helvetia Fund, Inc.
The Fund is managed by Hottinger Capital Corp. For more information on the Fund, including the most recent month-end performance, visit www.swz.com or contact Rudolf Millisits, President of Hottinger Capital Corp., at 1-888-SWISS-00 (1-888-794-7700) or 1-212-332-2760.

The Swiss Helvetia Fund, Inc. is a non-diversified, closed-end investment company seeking long-term capital appreciation through investment in equity and equity-linked securities of Swiss companies. The Fund also may acquire and hold equity and equity-linked securities of non-Swiss companies in limited circumstances. The Fund seeks to achieve its investment objective by investing generally in Swiss equity and equity-linked securities that are traded on a Swiss stock exchange, traded at the pre-bourse level of one or more Swiss stock exchanges, traded through a market maker or traded over the counter in Switzerland. Equity and equitylinked securities include registered shares, bearer shares, participation and dividend certificates, convertible bonds and bonds with warrants attached and unattached warrants. The Fund also may invest in Swiss equity and equity-linked securities of Swiss companies that are traded on other major European stock exchanges.

Closed-end funds, unlike open-end funds, are not continuously offered. Typically, shares of closed-end funds are sold in the open market through a stock exchange. Shares of closed-end funds frequently trade at a discount to net asset value. The price of a fund's shares is determined by a number of factors, several of which are beyond the control of the fund. Therefore, a fund cannot predict whether its shares will trade at, below or above net asset value.