Press Releases

Declares ordinary income dividend and long term capital gain distribution

THE SWISS HELVETIA FUND, INC. DECLARES ORDINARY INCOME DIVIDEND AND LONG TERM CAPITAL GAIN DISTRIBUTION

05/23/2008

The Board of Directors of The Swiss Helvetia Fund, Inc. (NYSE: SWZ), a closed-end investment company, announced today the declaration of an ordinary income dividend in the amount $0.134 per share ($0.042 per share derived from net investment income and $0.092 per share derived from short-term capital gains) and a long-term capital gain distribution in the amount of $0.097 per share. The dividend and distribution will be paid on June 13, 2008 to stockholders of record on June 2, 2008. The shares will trade "ex-dividend" on May 29, 2008.

The Fund is a non-diversified, closed-end investment company whose objective is to seek long-term capital appreciation through investment primarily in equity and equity-linked securities of Swiss companies. The Fund is managed by Hottinger Capital Corp. and is listed on the New York Stock Exchange under the symbol "SWZ."

For further information regarding the Fund, please contact Rudolf Millisits, Executive Vice President of Hottinger Capital Corp. at 1-888-SWISS-00 or (212) 332-2760, 1270 Avenue of the Americas, Suite 400, New York, New York, 10020.