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

06/08/2006

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 of $0.052 per share ($0.028 per share derived from net investment income and $0.024 per share derived from short-term capital gains) and a long-term capital gain distribution in the amount of $0.203 per share. The dividend and distribution will be paid on July 5, 2006 to stockholders of record on June 19, 2006. The shares will trade "ex-dividend" on June 15, 2006.

The Fund is a non-diversified, closed-end investment company whose objective is to seek long-term capital appreciation through investment in equity and equity-linked securities of Swiss companies. The Fund is managed by Hottinger Capital Co. 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.